{"id":786,"date":"2012-12-22T17:55:46","date_gmt":"2012-12-22T17:55:46","guid":{"rendered":"https:\/\/skepticink.com\/incongruentelements\/?p=786"},"modified":"2012-12-22T17:55:46","modified_gmt":"2012-12-22T17:55:46","slug":"psychic-friends-network-may-be-on-its-last-legs","status":"publish","type":"post","link":"https:\/\/skepticink.com\/incongruentelements\/2012\/12\/22\/psychic-friends-network-may-be-on-its-last-legs\/","title":{"rendered":"Psychic Friends Network may be on its last legs"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>Profits are down and have been for a long time. Investors are in quite the pinch.<\/p>\n<blockquote><p>We wish we could say PFNI gave a good run for some investors&#8217; 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.<\/p><\/blockquote>\n<p>The reason for the decline?<\/p>\n<blockquote><p>The company still has no significant business and it&#8217;s improbable that it will repeat its success from the 90&#8217;s. Although there is a new website and an attempt at a mobile application, the success from sales is still far and we&#8217;ll have to wait and see if it will translate into sustainable stock growth.<\/p><\/blockquote>\n<p>As for revenue:<\/p>\n<ul>\n<li>Zero revenues<\/li>\n<\/ul>\n<ul>\n<li>$394,063 cash<\/li>\n<\/ul>\n<ul>\n<li>$168,043 quarterly net loss<\/li>\n<\/ul>\n<ul>\n<li>$35 million market capitalization<\/li>\n<\/ul>\n<p>Doesn&#8217;t look good.<\/p>\n<blockquote><p>It is still not clear if the PFNI noise will continue in any way. The <a href=\"http:\/\/newsletter.hotstocked.com\/promoters\/view\/Stock-Specialists-6502\" target=\"_blank\">Stock Specialists<\/a> 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.<\/p><\/blockquote>\n<p><a href=\"http:\/\/www.hotstocked.com\/article\/42042\/psychic-friends-network-inc-otc-pfni-wrecked.html\">Link<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Profits are down and have been for a long time. Investors are in quite the pinch. We wish we&hellip;<\/p>\n","protected":false},"author":24,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[22],"class_list":["post-786","post","type-post","status-publish","format-standard","hentry","category-in-the-news","tag-in-the-news"],"_links":{"self":[{"href":"https:\/\/skepticink.com\/incongruentelements\/wp-json\/wp\/v2\/posts\/786","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/skepticink.com\/incongruentelements\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/skepticink.com\/incongruentelements\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/skepticink.com\/incongruentelements\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/skepticink.com\/incongruentelements\/wp-json\/wp\/v2\/comments?post=786"}],"version-history":[{"count":0,"href":"https:\/\/skepticink.com\/incongruentelements\/wp-json\/wp\/v2\/posts\/786\/revisions"}],"wp:attachment":[{"href":"https:\/\/skepticink.com\/incongruentelements\/wp-json\/wp\/v2\/media?parent=786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skepticink.com\/incongruentelements\/wp-json\/wp\/v2\/categories?post=786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skepticink.com\/incongruentelements\/wp-json\/wp\/v2\/tags?post=786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}