Could there be a volume above 4000 shares for Modern Mobility Aids Inc. (OTC:MDRM)? It started trading recently, and while the price has accumulated value, the trading activity is still very low. A catalyst has stepped in the picture, but not quite successfully. 
A mere 700 shares exchanging hands, the session closed at $3.19 per share. The same price at which it opened. The same price as last week. The main difference is that yesterday there was a promotion in place. One that hit mailboxes during the session. A promotion that introduces this company to the public, one that was paid with $5,000 in cash by a third party. However, obviously not one that could inspire traders.
In terms of cash and data as a whole, the financial statements of the company are also not overflowing with big six or seven-figure numbers. The last quarterly statement to come was the 10-Q with an end-date March 31st, 2011. Among other figures, it includes the following:
- $1,122 in total current assets (cash only); [BANNER]
- $10,401 in total current liabilities;
- $56,704 in accumulated deficit;
- $0 in revenues;
- $8,097 in net loss;
Data that could easily make many questions emerge. Questions about the funding and sustaining operations and many, many more. One thing is certain – it is high time for results for the second quarter to come, together with a different strategy that could focus additional attention to this stock.
