On Friday the stock YesDTC Holdings, Inc. (OTC:YESD) gained some more value as the company issued an update on its business plans. Yet, it seems that investors are not very optimistic for the company’s future. 
YESD closed Friday’s session at $0.0073 for a share, gaining 4.29% to its price from the previous close. The trading volume was 731,270 shares, which is way above the average and probably signals that the stock could keep the just started appreciation. YESD share price started climbing on Tuesday last week, when it had fallen below the $0.005 support.
YesDTC Holdings issued a press release on Friday, which probably managed to support the stock price. The announcement said that the University of Alaska, Fairbanks (UAF) would conduct a performance test of YESD proprietary MotorBooster(TM) formulation tablet in order to measure the fuel emissions reductions and economies of fuel consumption. That would allow for the product to be used in the oil services industry in Alaska since the University works closely with Alaska’s energy industry on the development of such energy technologies.
The company’s latest available quarter report shows, however, that YESD probably deserves its low market value at present. The company is engaged in providing direct-to consumer marketing services through direct-response-television and Internet marketing programs. YesDTC Holdings has begun generating revenues in July 2010 when it launched its first product. Currently, the company has two products, but its financial condition looks terrible.
Huge working capital deficit and large current debts have been reported as of end-March 2011, in addition YESD has massively diluted its shareholders this year as some of its creditors converted certain debt into shares of common stock. There is still more convertible debt outstanding, so there seems to be no guarantee that YESD will soon stop the dilution.
