Anastas Gegov

One World Holdings Inc (OTCMKTS:OWOO) Surging

by Anastas Gegov December 16, 2015

After beginning the year with slow trading and far from impressive performance we saw One World Holdings Inc (OTCMKTS:OWOO, OWOO message board) climb the charts on increased volume in the second half of 2015 and the daily volumes increased significantly.

 

The interest in the ticker was provoked by a press release back in June that announced that OWOO’s new line of dolls will be available in Walmart. Time has passed since then and we have the chance to review the results that this deal has had on the company’s balance sheet with some of the numbers of prime interest from the Q3 report.

 

  • cash: $4 thousand
  • current assets: $1.1 million
  • current liabilities: $18.4 million
  • quarterly revenues: $844 thousand
  • quarterly operating loss: $377 thousand

 

Yes, the cash reserves and the current liabilities are far from disappointing, but the fact is that OWOO has managed to increase its quarterly revenues by a massive 1,500% compared to the same period last year, while the operating loss has been nearly cut in half.

 

There were further positive news coming earlier this month. The company announced that it was going to merge with the Tonner Doll Company, a 25 year industry veteran, forming Tonner One World.

 

Although the news had an immediate positive effect we saw the ticker quickly turn its direction down and lose quite a lot of value. Still, despite the lack of any new press releases OWOO surged some impressive 36.17% in yesterday’s trading and closed at $0.0064, while a total of 22 million traded shares generated $135 thousand in daily dollar volume.

 

There is, however, the matter of dilution which we discussed in our previous article, so you should still be careful, do your due diligence and weigh out the risks before putting any money on the line.

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