AlumiFuel Power Corporation (OTC:AFPW) grabbed the climb at last. After a few days of zero price changes and massive 
volume, on Friday AFPW stock price jumped up 41.67%, on a traded volume of 141 million shares.
Following the records, the reason for the price jump should be only one – the latest news by AlumiFuel.
It was just on Friday when the company provided an update on its business, reporting that API and its portable power partner, Ingenium Technologies, have identified an increasing number of applications and program opportunities for their combined technologies aimed at portable and back-up power.
Along with the new global market opportunities, API reported that they have increased the authorized capital stock of the company from 1,510,000,000 shares to 3,010,000,000 shares, of which 10,000,000 shares may be preferred stock.
Apparently, these announcements inspired traders and AFPW stock price jumped up at once. Now, the question is what happens this week?[BANNER]
Unfortunately, the latest quarterly results of API look completely disappointing. As of September 30, the company has registered:
* $10,479 current assets
* $2,161,748 current liabilities
* $4,629,414 shareholders’ deficit
* $17,995,526 accumulated deficit
* $10,479 cash
Based on these results, AlumiFuel anticipate they will require over the next twelve months approximately $1,600,000 of additional capital to fund the company’s operations. However, this amount does not include any amounts that may be necessary to pay off existing debt or accrued expenses which severely threaten the ability of API to operate as a going concern.
