phenomenal 194.44%. Along with the price jump, KSQR succeeded to trade over 18 million shares on the market and immediately started the high trade.However, the reason for the climb remains a mystery, as Kendal has not released any news on its business for over a month. The most recent announcement was the news on the company’s new loan agreement to fund the expansion of its two divisions – Luxury Hoods and High Efficiency Commercial Lighting.
The agreement was to ensure an up to $4 million credit line from a financial institution arranged for and secured by the financing source, without any company’s stock involved in it. It was reported that the funding would begin within 45 days, though nothing further was published on the matter.[BANNER]
Following the records, KSQR was promoted on Sep. 16 this year, when its traded volume jumped up significantly. However, despite the promotion the stock price moved down by over 18%.
Kendall Square Research, Inc. is a holding company with targeted acquisitions in specialty equipment for residential home customers and green energy products. After announcing its loan agreement, the company has not reported anything on its activities. The pink sheets company has also not filed any financial report, so no one is informed about its current cash resources.
These days, Kendal made scandalous progress, though the lack of information and its unstable market position should be a red signal for investors.
