Yesterday, the share price of Imaging3, Inc. (OTC:IMGG) deliverer once again excellent but rather unreasonable performance. It gapped up at market open and the lack of any news or announcements led to some suspicions of a new promotion for the stock. 
Last session closed at $0.096 on a total traded volume of 2.77 million shares, close to the average number of traded shares on the days around May 19, the day on which the last known by us promotional newsletter featuring IMGG was distributed to traders. Back then, the newsletter disclosure did not contain any information about a received compensation.
This time we have not received any promoting mails profiling the stock of Imaging3, yet some posts on iHub message boards imply there might have been some promoting “to paid subscribers on another forum”. Also, the post says the stock is being advertised as a multi-day play, suggesting that there could be more activity to come.
If the stock has actually been pumped without a proper disclosure, the company and its promoters might soon become a subject of investigation for the SEC. In any case, IMGG share price closed yesterday’s session 11.63% higher and broke the hard resistance of $0.09 for the past several week.
Technically, it looks like IMGG share price could increase today as well, but it should also been mentioned that the stock has been on a strong downtrend for almost two years now, and is facing questionable long-term prospects. Imaging3 has been in a dire financial condition for quite a while now, the working capital deficit reaching over $5 million as of March 2011. Operational results showed also barely any significant improvement.
Last Tuesday the company filed a Form D Notice of Exempt Offering of Securities with the SEC, stating that IMGG has raised $355,771 and intends to raise another $694,229 through through offering of equity securities to investors.
