Transportation and Logistics Systems Inc (OTCMKTS:TLSS) Stock Falls After Quarterly Results

Over the course of the past month the Transportation and Logistics Systems Inc (OTCMKTS:TLSS) has emerged as one of the more popular stocks and the stock has also clocked gains of as much as 40%.

The company, which is one of the major players in the e-commerce fulfilment space, was in the news yesterday as well. Yesterday, Transportation and Logistics Systems announced that it had filed its quarterly report on Form 10 Q on time on August 13, 2021. In the report, the company enumerated its financial results for the quarter and the half year, both of which ended on June 30, 2021.

The Chief Executive Officer and Chairman of Transportation and Logistics Systems, John Mercadante, spoke about the matter as well. He stated that the company was now in the last period of the restructuring efforts which had been put into action in the first quarter of last year. However, that was not all.

The CEO went on to state that the company has also been locked in discussions with regards to new sources of funding. These are all positive statements and the optimism among investors about the Transportation and Logistics Systems is perhaps understandable at this point.

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