This is how today starts – Stratus Media Group Inc. (OTC:SMDI) is the sponsor for the Net Optics founder Eldad Matityahu, who will be behind the wheel of a 1954 Corvette. Yet to see, whether this announcement would affect the stock price during the session. Given the hype yesterday, when there was no apparent reason for the trading frenzy, today would be an interesting session. 
Slight increase in the share price, and 190k shares exchanging hands. A session closing at $0.70 per share. This was yesterday in brief. In addition, short-selling activity amounts to 15k shares. As mentioned, no apparent catalyst in place to focus additional attention to the stock. For example, on Tuesday, when there was nothing particularly interesting either, the total trading volume for the day was only 26k shares.
In the meantime, since the 3rd quarter is now over, results are to be expected in the next several weeks. Financial results, which might affect the stock performance much more than the press releases. What the direction of the share price would be is another matter. At present, this is what the 10-Q for the second quarter has to offer to people, looking for additional information: [BANNER]
- $5.8 million in cash;
- $12.4 million in total assets;
- $3.8 million in liabilities;
- $30.3 million in accumulated deficit;
- $2.1 million in net loss;
Not exactly optimistic, not too bad, either. Apart from the net loss, of course. The truth is that when this 10-Q statement was released, the stock value almost doubled in a matter of days, going up to $0.89 per share. What the next one could be for SMDI is a question yet to find its answer.
