5Barz International Inc. (OTC:BARZ) is moving down this week. Yesterday, the stock lost 12.36% of its price, while its 
traded volume rose up.
The reason for the loss is not known, though 5Barz looks determined to get back on track as soon as possible. Apparently, the company is using the well-known strategy for pumping stocks – promotions and news.
BARZ got promoted a while ago by Penny Stock Picks for a total compensation of $100,000. Along with the stock alert, 5Barz has just released some hot news on its business to additionally support its stock price.
The news stated that Mr. Finis Conner, one of the original founders of Seagate Technology, Inc., has joined the Advisory Board of 5Barz, effective immediately. The appointment of Mr. Conner brought the company’s team new hopes for their business. Though, the effect on investors is still to be seen.
5BARz International Inc. is launching a new piece of technology in the global wireless marketplace. As of September 30, 2011, the company’s current liabilities were significantly higher than its current assets and the net loss jumped up.[BANNER]
Besides, the deficit accumulated during the development stage continued to increase, while sales kept missing.
Since inception, BARZ has been engaged in a business and had suffered losses from development stage activities to date. In addition, the company has minimal operating funds and has made no revenue to date. Thus, the management is seeking additional sources of equity or debt financing, though there is no assurance these activities will be successful.
These factors raise substantial doubt about the ability of the company to continue as a going concern.
