American Fiber Green Products, Inc. (PINK:AFBG) has been on the progressive move since last Friday. Yesterday, the climb 
continued and the stock added the next 27.91% to its price, while its traded volume flew up. So, what’s next today?
Following the records, it is crystal clear that the massive trade has been provoked by the latest news on AFBG. Lately, the company has been releasing positive announcements on its activities, which influenced the stock price immediately.
The most recent ones date from yesterday, when the company reported that it has scheduled a meeting to finalize its plans to open a Florida-based abandoned boat recycling operation. In addition, AFBG filed with the SEC its 10-K report revealing a promise for this year.
The announcements have certainly attracted investors’ attention, though AFBG decided to strengthen their influence by promotions. The stock got promoted yesterday for a total compensation of $150,000.
In fact, promotions appear to be a well-known strategy to AFBG as they have used them before. Now the result from the campaign is just about to be seen.[BANNER]
American Fiber Green Products, Inc. is aiming at bringing together synergistic companies that generate revenues while operating in an eco-friendly, green direction. The company’s latest 10-K report stated that during the years ended December 31, 2011 and 2010 AFBG has used cash from operating activities of $107,097 and $94,804, respectively. The increase in cash used was due primarily to the start-up of operations and those related expenses.
Nevertheless, during the past two years the company provided cash from financing activities. Notes payable are due on demand, with accumulated interest on a compound basis at rates specified in each note. Besides, cash flows from operations have been derived primarily from increased liabilities and issuance of equity and working capital deficit totaled $2,5 million.
As current operating cash flow is insufficient to finance the company’s planned growth, the management continues to seek additional financing from alternative sources. Until obtaining any of these, AFBG will continue as a going concern.
