It is no wonder that promoters
had to step in for Quadrant 4 Systems Corp. (PINK:QFOR
, QFOR message board
). It is not every day that a company releases a 10-Q, supports it with a press release
, and yet the volume of traded shares for the session goes up to 200. Which, in terms, could still be considered a success, having in mind all previous non-active trading sessions.
So, $0.25 per share when it closed yesterday. The same as the day before. The same as several days before. The difference - at least some shares changed hands. Yet, very low interest overall. But, after all, it is not very often that a person hears from the company.
The SEC filing in question, actually, does not include data that would exactly drive all investors away. It is rather a financial statement similar to that of many pink sheets out there. Covering the second quarter of the year, it includes the following:
- $229k in cash;
- $9 million in total current assets;
- $15 million in total current liabilities;
- $3.8 million in accumulated deficit;
- $8.5 million in revenue;
- $316k in net loss;
Several facts worth-mentioning here. Revenues have increased, compared to the same period last year. The total current assets actually form exclusively on the basis of accounts and unbilled receivables ($8.8 million). All in all, a picture of uncertainty. Whether there would be an increase in the trading activity today is yet to see.