Stock price of MedClean Technologies Inc. (OTC:MCLN) has been rather unstable over the past days. Though, yesterday it 
froze on the massive trade. MCLN closed the day at $0.0005 per share and managed to trade over 21 million shares on the market.
At this point, the volume spike is hard to explain as there is no recent news on MedClean and no data about its current operations. Though, there must be something behing the story and it should be revealed soon.
The last news about MCLN dates Nov 17, when they signed an agreement with ARAMARK for the purchase of a MedClean 4300 fixed-based sterilization system. According to the announcement, the installation of the equipment was expected to commence and be completed in the fourth quarter of 2011. However, after the news was released, no further data was to follow.
MedClean Technologies, Inc. is a provider of smart solutions for regulated medical waste and confidential document destruction. Lately, MCLN stock price has been moving down progressively, though the sudden volume spike makes its next move unpredictable.[BANNER]
Meanwhile, the company’s financials are quite disappointing. As of September 30, its cash has decreased, as well as its current assets. At the same time, both – the stockholders’ deficit and the accumulated defict, rose up.
As MedClean has incurred large recurring losses, its financial report states that there is a substantial doubt about the company’s ability to continue as a going concern.
