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HaloSource Inc – “Trading Update” + shares down more than 20% =?

By Steve Moore | Friday 20 November 2015


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Headquartered in the US with operations in China and in India but listed on AIM (Hmmm), shares in clean water technology company HaloSource Inc. (HAL) currently trade more than 20% lower today. This is on the back of a “Trading Update” – which includes that “total consolidated revenues for the year ending 31 December 2015 will be materially lower than market expectations and, consequently, the net loss for the full year will be higher than market expectations”


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