$1,672,681,515
Yesterday, Easylink Solutions Corp. (PINK:ESYL) disclosed its financial statements for the quarter ended March 31, 2011.
Oppose to the recent company's news about received orders for the MeBox - Nano Media Player, the report was not able to convince investor to renovate shares' upward move.
In a weak trading activity, ESYL closed the market at $1.19 per share, with not changed closing price. This was a signal, that investor need more time to concern the fair value of Easylink Solutions Corp..
Last Tuesday, the company released that received an $800K Dollar(hk) order for its MeBox - Nano Media Player. The promising news immediately rushed ESYL. Though the same day ESYL closed with red change in the price of 3.6%, during the following two days, shares added 12.15% in value.
On announced quarterly reports, investors' reaction was counterbalanced to the optimism from the preceding week.
One of possible reasons for yesterday's uncertainty may be the not as promising sounding of company's financials for the first quarter of this year.
For this shares' value, the company reported total assets of $40K and exceeding them six times total liabilities. The good news were maybe, that these liabilities are a shareholders loan, which in the future if necessary, may be converted in shares' ownership.
For the Q1, the development stage Easylink reported as well zero revenues and net loss of $8.6K.
Looks, after reading the financial report of ESYL, for the investor remains only the hope, that the company has a potential, which still has to be developed.
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