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HaloSource: As I predicted - further trading disappointment, placing ahoy!

By Steve Moore | Tuesday 26 January 2016

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.

Following my review in November of clean water technology company HaloSource Inc. (HAL) HERE, it updated the following month that it has resumed full production at its drinking water facility in China but that, as a result of the shutdown, “we expect total consolidated revenues for the year ending 31 December 2015 to be materially lower than current market expectations and in the range of $18 million to $19 million”. However, with “the majority, if not all” of delayed orders expected to be shipped in Q1 2016 and as “market demand for our class leading HaloPure Drinking Water technology continues to increase… we expect a strong 2016”. Hmmm…

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