Late last week, Zupintra Corporation (OTCBB: ZUPC) announced they were experiencing delays in finalizing the letters of credit they needed in order to start providing telecom termination services in certain South American markets. The credit was hoped to be in place by September, which would allow the company to immediately begin connecting calls as well as billing. Now, the company isn’t sure when the credit backing will be available. This is a fairly severe burden on an already-struggling stock.

However (though most investors apparently do), we don’t believe all hope is lost. On the other hand, we also don’t see a light at the end of the proverbial tunnel. Without this credit, Zupintra is basically handcuffed in terms of driving any real revenue. In fact, we feel one of the key upsides this opportunity offered was the notion that the bigger prize was just on the verge of being realized. The prize is still waiting out there, but it’s unclear when or if it will be attainable.

We still recommend keeping this stock on your watchlist. Though we believe its current situation offers dubious value to shareholders, the situation could also change at a moment’s notice - with the simple finalization of some credit terms.

For the official word from the company, click here.