Formerly known as Infrared Systems International, Aqualiv Technologies, Inc. (OTC:AQLV) made a huge three-digit gain yesterday on the highest trading volume ever. The reason appears to be the latest announcement about a new funding agreement of the company. 
AQLV closed Tuesday session with the incredible almost 391% increase in the share price and nearly 145.3 million traded shares in a day – the heaviest trading volume in the history of the stock. During the day, the share price rose beyond $0.006, but then the closing price was $0.0054, which is still the highest share price level since the end of September.
Yesterday morning, AQLV announced in a press release that it had received a Conditional Commitment Letter from an “investment group” whose name were not be disclosed yet but who were ready to provide the company with $50 million in working capital. The capital would be provided either entirely as debt financing, or part of it would be in the form of equity.
There is still no official 8-K filing to confirm that major event, while the press release is quite optimistic about AQLV future, claiming the company new business plans involves projects and products related to numerous industries and projects over $1 billion in sales over the first six years.
Today’s performance of AQLV could be even more interesting as after market close yesterday the company filed also a statement that its independent accountant had identified that AQLV last four quarter report and its annual report had not been prepared correctly. Even if that information might be irrelevant as these report concern the previous operations of AQLV, it could still say a lot about the credibility of the company.
The name change got effective already in September, yet a corresponding 8-K was filed just about a month ago. That filing also stated that AQLV has increased its authorized capital to 1,000,000,000 shares of common stock.
