: What caused this drop? https://www.google.com/search?rlz=1C1CHBF_enUS738US738&q=RMSLD&oq=RMSLD Just looking over some stocks and saw this one. Trying to find out why the stock dropped so much, I do not see any lawsuits

I'm going to guess that you found this because of a stock screener. This company went through a 1:20 reverse split on June 30, so every 20 shares outstanding became a single share. Where before you had 20 shares worth 0 you now have 1 share worth 0, the value of the company doesn't change because of a split. This company was never trading for + per share. Reverse splits are typical of a floundering company trading on an exchange that has a minimum share price requirement. While reverse splits don't change the value of the company, just the number of shares outstanding and the price per share, no healthy company performs a reverse split. Reverse splits are generally a massive signal to jump ship...

The company seems to be trading for right now, why the value fell from a pre-split .65 (/20) to is anyone's guess; how the company ever got to .65 is also anyone's guess. But looking at the most recent 10-Q there are numerous causes for concern:

Note 2. Capital Stock

On March 6, 2017, the Company issued as compensation for services provided a total of 650,000 common shares with a fair value of 0,000 to a third party. The fair value of the shares was based on the price quoted on the OTC pink sheets on the grant date.

this indicates a share price of [CO].60 (0,000/650,000) as of 3/6/2017, just to reinforce that the google price chart doesn't show the true past but a past adjusted for the split

Results of Operations

The three months ended March 31, 2017 compared to the three months ended March 31, 2016

For the three months ended March 31, 2017 compared to the three months ended March 31, 2016, total revenues were [CO] and [CO], respectively, and net losses from operations were 4,663 and ,260, respectively. The net losses were attributable to costs attributable to operating as a public company, in particular, common stock with a valuation of 0,000 that was issued to an investor relations firm in the first quarter of 2017.

Going Concern

As of March 31, 2017, there is substantial doubt regarding our ability to continue as a going concern as we have not generated sufficient cash flow to fund our proposed business.

We have suffered recurring losses from operations since our inception. In addition, we have yet to generate an internal cash flow from our business operations or successfully raised the financing required to develop our proposed business. As a result of these and other factors, our independent auditor has expressed substantial doubt about our ability to continue as a going concern.

Liquidity and Capital Resources

We had no cash as of the date of March 31, 2017.

Additionally, since there is no balance sheet in the last 10-Q (another bad sign), the last annual report 10-K has this balance sheet:

ASSETS 2016

CURRENT ASSETS:
Cash in Bank $ -
Prepaid Expenses -
Total Current Assets -

PROPERTY AND EQUIPMENT - net 12,845

TOTAL ASSETS $ 12,845

LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES
Accounts payable $ 226,398
Due to shareholder 85,287

TOTAL CURRENT LIABILITIES 311,685

So the company:

has zero cash,
some bit of equipment worth k
owes 1k (this is before the 0k expense above that was paid in stock)

that 0k payment is 30x the company's total assets....

has never successfully raised funding to develop the proposed business
and the cherry on top:

doesn't think it can continue as a going concern

So why did the stock value plummet? It's anyones' guess but there is no shortage of ways to justify it.

In fact, it's reasonable to ask how is this company still worth mm ( * 3mm shares outstanding)...

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I do not fully understand the transactions involved, but it appears that there was a reverse stock split (20:1) and some legal status change as well on June 29th. This seems to be the cause for the change in valuation of the stock as the dates match the drop.
www.otcmarkets.com/stock/RMSLD/filings

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