05.29.08
Who’s your daddy now?
Who’s Your Daddy Inc. investors may be thinking that the company’s name is a taunt to them considering that its stock price has fallen over 95% in the past year (graph at Google Finance). The maker of King of Energy™ energy drinks now has a market capitalization of under $2 million and its stock price is at $0.17. Who’s Your Daddy has a stockholder’s deficit of $3.8 million (that’s a negative book value, folks) and a loss of $335,000 on sales of $103,000 in the most recent quarter. The company has under $2,000 in cash and $61,000 in accounts receivable. Unless the company receives a cash infusion quickly it will likely go bankrupt.
Our auditor has raised substantial doubt about our ability to continue our business. We need to obtain sufficient liquidity to continue as a going concern if our business is to achieve profitability. [quote taken from 10k]
(click image for full-sized stock chart)
Who’s Your Daddy 2007 10k
Who’s Your Daddy 10Q for period ending March 31, 2008
Disclosure: I have no position in any company mentioned above, long or short. I have a disclosure policy.
Alisa said,
June 1, 2008 at 11:13 am
I never heard of this company nor their products. I wonder if the newly appointed CEO can turn things around?
Be well.