Sunday evening, markets are closed, yet some promoters are working, spreading the news about Hasco Medical Inc.(OTC:HASC). Indeed, there is news at hand, there is cash at hand, but there is still something missing from the picture. An important piece, given that after reading the alert in their mailboxes people might also do some due diligence before Monday’s session opens. 
It is important to mention that last Tuesday’s was the most intense trading session in the history of the company. More than 2 million shares exchanged hands, yet it was not much of a catalyst for the price to accumulate value. The session closed just below $0.04 per share. A few days later, on Friday, the week would end with HASC trading at $0.032 per share. As far as Tuesday is concerned, one reason for the hype was the new addition to the management of the company, announced on the day before that. Yet to see whether this Sunday`s alert, paid with $2,500, could offer another day of vivid trading activity.
Now, for those who would dig a bit deeper to see what kind of investment opportunity Hasco Medical is, they might discover some interesting facts. Interesting, and not exactly inspiring confidence ones. On one hand, the company recently announced a secured line of financing. Yet, there is no 8-K statement filed regarding this announcement. Â The 10-Q is another good example. The one covering the first 3 months of 2011 includes the following: [BANNER]
- $3.9k in cash;
- $359k in total current assets (accounts receivable mostly);
- $670k in total current liabilities;
- $4.4 million in accumulated deficit;
- $484k in revenues;
- $155k in net loss;
As mentioned, not exactly inspiring. What is more, a quick scan across financial blogs and forums could lead to this article, which directly puts HASC in the pump and dump alert section, stating additional interesting facts. All of them combined, however, do not mean that the company is doomed. It just means that high caution should be exercised when dealing with HASC.Â
