Hi Score Corp. (PINK:HSCO) closed the week with a significant progress. Last Thursday, the stock started to climb up at full 
speed and on Friday it added the next 33% to its price. Along with the price jump, the traded volume of HSCO also flew up and provoked traders’ attention at once. But what was the reason for the up move is yet to be seen.
The latest announcement by Hi Score came out about a month ago and currently no one is familiar with the company’s operations. However, despite the lack of fresh news HSCO is advancing up and the corporation fights to hold the gain for longer. Apparently, the only way Hi Score has found to do so was by promotions.
Yesterday, the stock was promoted by Hotstockcafe.com, pointing out that the pink-sheet company was proud of the fact that its listing was the highest listing available: Current Information. The compensation for this alert totaled $2.500, paid by IBusiness Group, who certainly aimed to support HSCO. Though, whether the campaign will send the stock even higher in the chart is just about to be seen.
Hi Score Corp. is a supplier of eco-friendly lighting products in the Western Hemisphere. At the beginning of this year, the company used to trade notably higher, however, after that the stock price moved down.[BANNER]
According to its 10-Q report, as of March 31, 2011 liabilities of HSCO were higher than its total assets. Besides, due to its equity deficit and other losses, the management claimed that the company’s future remains in question as a going concern unless additional capital is contributed, or until Hi Score becomes profitable. At the same time, the company has sold a huge portion of shares of its common stock to different investors, which can be dangerous for HSCO shareholders.
Based on all the above-mentioned, it looks like even if Hi Score succeeds to hold the current gain a bit longer, the company should do much more to become profitable.
