It was a minor increase in the stock price, given what was on the table to sparkle a hype for Flint Telecom Group Inc.(OTC:FLTT). Indeed, there has been vivid trading activity throughout the day as the dollar volume went up to $100k. Almost twice as much as what the third party shareholder paid for the promotion. 
It is promotions, actually, that hit mailboxes – two just before lunch time, paid with $60k by the above mentioned third party shareholder of FLTT. Just before them, the news came out about Flint Telecom extending the planned closing dates for VoIP Provider Acquisitions. Consequently, the result comes down to 33.7 million shares changing hands, 3.45% increase in the price and the session closing at $0.003 per share. Shorters also had a busy day with more than 14 million shares for the day traded as a result of short-selling activity. So, what comes next?
It was March when this stock had last seen penny levels. Ever since a decline has followed, pushing the share price further down. There has been some reverse of the negative trend, although a short-lived one. Just the case with the last 7 days, and it is yet to see whether another short-lived positive trend is at hand. Today, there is nothing to inspire traders, at least nothing has come out yet. There is still a quarterly statement for the last 3 months to be presented. In the meantime, these are the figures for the one with an end-date March 31 this year:
- $45k in cash; [BANNER]
- $1,7 million in current assets;
- $17 million in total current liabilities;
- $57 million in accumulated deficit;
- $3.7 million in revenues;
- $2.1 million in net loss;
So, reasons for some optimism and reasons for high caution are both presented. Until the next balance sheet comes out, it is uncertain which of the above would be the choice of current and potential shareholders.
