Explosion on the stock market for AlumilFuel Power Corporation (OTC:AFPW) – this is one way to qualify the situation this Thursday. It is, however, a lot better to take a closer look at some data associated with this stock, instead of looking only at the results from yesterday. 
Not that they are not interesting. There is an all-time high in place, there is a solid increase in the share price, and much more. More than 66 million shares exchanged hands, resulting in an 80% increase in the share price, the session closing at $0.0027 per share. As mentioned, an all-time high in terms of trading volume. The catalyst behind this hype – a contract. AlumulFuel announced yesterday that the company has received U.S. Air Force contract for its PBIS-2000 Portable Balloon Inflation System. What is more, the hype might continue today since another press release came out this morning. This time, it focuses on the portable system in question, and how it might become a worldwide lift gas standard. Yet to see whether this could happen.
In the meantime, it is not only the number of shares traded yesterday that is interesting, but the type of traders involved. It turns out that out of these 67 million shares, almost 27 million are a result of short-selling activity. Certainly, not a fact to go overlooked.
Now, the third quarter of the year is over, so financial results should be expected in the next few weeks. After all, it is not the very contract that brought the hype yesterday, but the potential financial benefits for the company coming out of it. So far, the balance sheets of the company are not exactly inspiring. For example, the 10-Q for the second quarter of the year includes the following: [BANNER]
- $9k in cash;
- $78k in total assets;
- $2.5 million in total liabilities;
- $17.6 million in accumulated deficit;
- $0 in revenues;
- $ 742k in net loss;
Figures like the above are one possible reason why this stock still gravitates in sub-penny levels. In terms, the best way to go back to $0.01 and above is to provide a better looking balance sheet, one that shows signs of stability and sustainable growth.
