Yesterday, the stock of Caduceus Software Systems Corp. (OTC:CSOC) hit a six-month record. Unluckily for the company’s supporters, the record turned out to be a negative one.
Closing at $0.0148 per share, CSOC shares went down 12.43%, their lowest market value for the last six months. In addition, CSOC enjoyed substantial investor interest as more than 3.015 million shares of common CSOC stock changed hands within yesterday’s trading hours. The latter marked a 48.5% improvement over the average daily trading volume.
While hitting a six-month low by no means resonates with investors’ expectations, it is also a good starting point for a subsequent breakout, no matter how it may be induced. This might be the core reason behind the newest promotion organized in support of CSOC stock. As it is, the one-off effort, which costs $25 thousand, is expected to give CSOC a boost today.
Currently occupying the healthcare information management industry, Caduceus Software Systems Corp. is focused on creating an all-in-one software solution for doctors which would ensure better management of their patients. At present, CSOC’s flagship product is the so called Caduceus MMS version 1.0 which is mainly used for both appointment scheduling and patient recording.
A quick glance at CSOC’s scanty financial reports, however, reveals that the company’s business operations may not be as big as its managers claim. Apart from the $58 thousand in cash, CSOC had no current assets whatsoever as of Dec. 31, 2011. The same goes for its current liabilities which only consist of $22K of APs and $34K of short-term debt, $56 thousand in total. In addition, CSOC registered zero revenue and a net loss of $54 thousand in the fourth calendar quarter of 2011.
