These days, Aquasil International Inc (PINK:AQUS) gains shockingly. The climb started a week ago, and yesterday the stock 
soared another 172.73% on a traded volume exceeding 7 million shares.
Historical data shows that AQUS has been quiet lately, until yesterday when the company reported it has entered into an acquisition agreement with Oveldi Canada Ltd.
In accordance with the terms and provisions of the Agreement, the Corporation acquired the rights to the intellectual property from OVE in exchange for the issuance of 14,000, 000 shares of the corporation’s restricted common stock. In addition, Mr. James Brooks was appointed as CEO, President, and director of the corporation.
Obviously, this news inspired investors and AQUS fueled up the gain. Though, it is a matter of time to see how long it will resist.
AquaSil, Inc. intends to engage in the marketing and distribution of “Mineral Silver Water”. However, as of Aug 29, 2011, the company is still looking for funding to start-up its operations, while its 10-Q is full of losses.[BANNER]
As of September 30, AQUS has had no cash in its balance and its liabilities haven’t been covered. Besides, the stockholders’ deficit was impressive, while the accumulated deficit during the development stage went over $1 million.
Considering these numbers, plus the company’s net loss and lack of revenues, the future of Aquasil seems rather doubtful, unless the company finds additional financing to support its operations.
