Is Revival Possible For Integrated Energy Solutions Inc (OTCMKTS:IENG)?

It is not an easy task to revive a penny stock and solve all the issues in a short period. When, it is about a company like Integrated Energy Solutions Inc (OTCMKTS:IENG) that has been in bear grip things become all more difficult. However, there are many people who still believe that a revival is possible. A group of such people shared its opinion on the social media. The discussion resulted in a strong boost for IENG shares that jumped more than 250% to close the day at $0.0007.

Where it stands?

People consider Integrated Energy stock price as affordable. Even there are many people who call the stock of the company as undervalued. However, the major question is whether it really offers value for the money? They are making investment in a company which was recently known as AmeriLithium. It operated in the field of digging lithium and was trading in a range of $0.001 to $0.003 per share in last September.

The financial performance

As per the last filed 10-Q, Integrated Energy just had cash of $76, no hundred or thousand attached to the figure. However, the liabilities were in million. The current liabilities came at $1.4 million and current assets were $107,000. Integrated Energy posted zero revenue with quarterly net loss of $406,000. Also, the company suffers from toxic debt. Over the years, it issued several convertible notes which can result in dilution of shares in the future. The shareholders are not delighted with the way the management is taking care of financing aspects.

The changes

After the last 10-Q report, Integrated Energy Solutions Inc (OTCMKTS:IENG) entered into few share exchange deals. It issued some preferred shares and bought few private firms which shifted the company’s focus from lithium to gas and oil. Some people believe it to be a promising step, however, it is important to remember that as of now the company hasn’t provided with the financial performance of the new subsidiaries.

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