Secure Netwerks, Inc. (PINK:SEWK
, SEWK message board
) decreased its net revenue almost 27 times over a year, isn't that an extraordinary achievement? According to the latest quarterly report published in the end of November 2010, the new revenue of the company crashed down from $44,623 in 2009 to $1,807 in 2010.
Another detail to be taken into consideration is the company's ability to cover its expenses: total current liabilities have reached 445,308 dollars, while total current assets are only 32,182 dollars. In this way, liabilities exceed assets 14 times. That's one more alert to be kept in mind.
Besides all the financial problems, the stock seems to be hardly ever traded. For some time already, the SEWK stock price has been at $0.25 with the volume of 204. Investors do not seem to be interested in this company at all.
As that would not be enough, do you think that a company with two full-time and two part-time employees is able to perform any business at all? Especially, when a rogueware application like MS Removal Tool has started to attack the web and is trying to rip off everyone it meets on its way (in order to clean your computer from this kind of virus, follow the instructions).
All in all, while other companies make a huge profit from the malware like MS Removal Tool, Secure Netwerks keeps losing money. Maybe the year 2010 wasn't very successful and this year will bring some profit to the company. Sometimes miracles do happen.