Stock price of Hasco Medical Inc (OTC:HASC) has been rather unstable over the past days. After a couple of negative 
price changes, yesterday the stock got back on track by soaring 2.41% on a pretty high traded volume.
Now it looks like Hasko is anxious to hold the climb for longer. This time by promotions.
HASC got promoted yesterday by The Stock Psycho for a compensation of $40,000. The promoter predicted a 600% revenue growth for the company this year, which certainly attracted traders’ attention. The question is, whether the alert will be strong enough to hold the current up move of HASC.[BANNER]
The records show that apart from the promotion no news on Hasko has been released lately. The last one was issued on Feb 3 when the company reported that Mr. James C. Thomas, CFO of Hasco, Inc. has resigned his position as an executive officer of the company, and the Board of Directors appointed a new CFO to fill the vacancy. Since then no news on Hasco has been released.
Hasco Medical provides products and services that improve the quality of living for its customers. In December, a huge quantity of the company’s shares of common stock has been acquired by some of its directors, though the reason for the sale remained unknown.
According to its latest 10-Q of HASC, on September 30, 2011 HASC had a working capital surplus of $2,151,577 and accumulated deficit of $(4,071,611). Meaning that despite the fact that the company has generated higher revenues, its losses kept increasing. In this case, the going concern considerations remain valid.
