Zoo Entertainment, Inc. (PINK:ZOOG) stock price has kept declining for a long time now, entering new and much lower trading ranges. This year, news has not been much better. 
On Friday, ZOOG closed the market 6.82% higher at $0.47 for a share. Its trading volume was again a few times higher than the 3-month average with a little over 335,000 traded shares. Technically, it could be said that the stock price looks now more stable than when it fell to the 52-week low, but the future of the company is highly uncertain to say that the downtrend would reverse.
Zoo Entertainment latest 10-Q was more than discouraging as it revealed the company had even larger financial deficit and even further declining revenue. Shortly after that, it came out that ZOOG may soon no longer discourage traders with such poor results. Form 25 was filed to the SEC at the end of last year, announcing officially the removal of ZOOG common stock from the NASDAQ.
ZOOG is already trading on the Pink Sheets market tier, which looks like a signal that the company may not be willing to make any future disclosures at all. For now, another 8-K was published on Jan 10, 2012. In it, ZOOG states that it has reached an amendment to its Second Amended and Restated Factoring and Security Agreement dated October 28, 2011.
Under the amendment, the company shall received $250 million in additional funding, however, the investor shall retain $75 million on that amount to pay incurred legal costs and expenses as provided by the Factoring Agreement. Also, ZOOG will have to grant to the investors a first priority interest in 100% of the stock of its wholly-owned subsidiary indiePub, Inc.
