Joey New York Inc. (JOEY)

[livingston78]

With $34k in cash, $101k in total current assets, $103k in total assets and $909k in current liabilities, $3,909m in total liabilities for a current ratio of 0,11, the fundamentals are weak. Increasing in the inventory could identifying poor management and they seem to manipulate the financials statements by delaying expenses. This present a false picture of the company’s profitability and boost the stock price. Note also that the float is unavailable, who’s buying shares without knowing the float? Beware of the extremely low trading volume.