stock price rose up again and TRDY gained 18.68% and traded over 24 million shares on the market.However, no particular reason for the last up move can be found and nobody can predict how long it will resist.
The company is a shell with a new owner, Mr. Stan Larson. As a well-known person with long-term experience, Larson is expected to improve TRDY stock price, though traders still look uncertain.
According to stockpromoters.com, Trudy was promoted a week ago and the stock jumped up immediately. Just a few days later, the company failed to provide its quarterly report for the period ended Sept 30, 2010.[BANNER]
Trudy’s previous 10-Q report shows that by end-June its total assets were less than its liabilities and the shareholders’ deficit pointed over $2.5 million.
On Sept 3, a group of Trudy shareholders including three directors and one other employee of the company sold controlling interest of Trudy to an individual in a private transaction. The buyer will appoint new management and elect a new Board of Directors. The transaction will not be finalized until the buyer receives his controlling block of Trudy shares.
According to the financial report, Trudy has suffered recurring losses from operations and has a deficiency in the net assets. In that case, the only thing left for the investors is to hope that Stan Larson is capable to make Trudy profitable.
