Dragni Dragnev

Nutra Pharma Corp. (OTCMKTS:NPHC) Gets A Pump

by Dragni Dragnev December 9, 2015

After Nutra Pharma Corp. (OTCMKTS:NPHC, NPHC message board) had been sitting quietly in single penny illiquidity until it was hit by a QualityStocks paid pump.

One look at the company's financials reveals why it was forced to pay for its own promotions in order to get the investors' attention. Put quite simply, it doesn't seem like NPHC has anything else going for it.

Its most recent financial report, covering Q3 2015, looked like this:

  • Cash - $4282
  • Total current assets - $547 thousand
  • Total current liabilities – $5.2 MILLION
  • Net sales - $53 thousand
  • Net loss - $4 MILLION

And if you think those numbers look grim, you should definitely check the company's dilution history. Suffice it to say that things had gone really out of hand, and as a result of rampant issuance, NPHC had 1.5 BILLION shares of commons tock issued and outstanding, before it performed its 1 for 40 reverse split in April 2015. The split brought that number to a more manageable 38 million. However, as of November 20, 2015 there were 76 million shares of NPHC common stock issued and outstanding.

And to make matters worse, all of that stock has come into existence as a result of conversions of debt, some of which has been done at sizable discounts. Need we say more on the matter?

In conclusion - yes, there may be money to be made from trading NPHC as long as its volatile. However, there are also huge risks involved here, as with any pump jump. Let the buyer beware.

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