Profits are down and have been for a long time. Investors are in quite the pinch.
We wish we could say PFNI gave a good run for some investors’ money, but the selling in the past two days happened in much lower volumes than the buying, leaving a lot of investors holding very depressed stock.
The reason for the decline?
The company still has no significant business and it’s improbable that it will repeat its success from the 90’s. Although there is a new website and an attempt at a mobile application, the success from sales is still far and we’ll have to wait and see if it will translate into sustainable stock growth.
As for revenue:
- Zero revenues
- $394,063 cash
- $168,043 quarterly net loss
- $35 million market capitalization
Doesn’t look good.
It is still not clear if the PFNI noise will continue in any way. The Stock Specialists campaign, with a $100,000 budget, fizzled out in just a few days, and the PR messages have been silent for about a week. Lacking promotional noise, the PFNI may climb erratically and attract interest, but it has shown the possibility for erasing all gains very quickly.
