The stock of OCTuS, Inc. (OCTI.OB) dropped by 36% and is now worth $0.16. Although it has been trading on a very illiquid basis, variation in volume can be observed. However, the changes do not seem to be present in the company’s performance.

The company has no assets for several years. This is most probably influenced by the fact that OCTuS has no significant operations and only seeks alternative business opportunities, which may include acquisition of other software products, or acquisition of other technology. In addition, there is no gross profit.

One more problem is the increase in liabilities by 15%. That wouldn’t be a tragedy if the company had assets. In this case, the debt increases and there is no way to cover it.

Besides, the company made some announcements that new director as well as two new members of the management was appointed to the company. Unfortunately, the news reminds me hype rather than reality. Most suspicions are due to the absence of the 8-K filing.

I also look at the company with distrust because of the involvement in the stock promotion. OCTuS has just paid $5,000 to Small Cap Voice. I am wondering whether this is the first and the last promotion or not.

This entry was posted on Friday, May 29th, 2009 at 9:23 am and is filed under Penny Stock Promoters.