Suddenly, Remedent, Inc. (OTC:REMI) got the climb. Yesterday, the stock soared 12.00%, while its traded volume 
substantially increased. However, the reason for the climb cannot be explained.
According to the records, Remedent has not released any news on its business recently, thus presently no one has an idea about its projects. Actually, the last announcement by the company was related to its financials. Though, since these were reported, no news on REMI was to follow.
Yet, despite the lack of information , the company’s stock price jumped up, which might bring forward some fresh news on Remedent soon.
Remedent, Inc. is engaged in the research, development, and manufacturing of cosmetic dentistry products in Europe. According to the company’s 10-Q report, the investment in their Chinese operations has exceeded their expectations. Though, the details in the report look a bit different.
Despite the higher assets on its balance sheet, the accumulated deficit of REMI reached over $21.4 million. At the same time, the company’s line of credit has increased.
Management anticipates they will need to raise additional funds to satisfy their capital requirements and implement their business strategy. However, any additional financing activity could be dilutive to the company’s current stockholders.
