CATALYST RESOURCE (PINK:CATA) tries hard to get the up move again. After an impressive gain of 75% on Tuesday, 
yesterday the stock was back down and lost approximately 43% of its price. Though, CATA is not ready to give up the fight yet.
Yesterday, Catalyst started chasing the climb again by releasing some good news on its business. The company reported that it has appointed a new CEO to position CATA for its next phase of growth and innovation. Along with the optimistic announcement, the company decided to support its market position by promotions.
Yesterday, the stock was included in a campaign, presenting Catalyst Res. as a small company with big goals. Neither any compensations, nor paying parties have been revealed, though the campaign certainly aimed to support CATA additionally and its influence should be seen today.
Catalyst Resource Group is engaged in the exploration and mining of rare earth and precious metals. On June 1, the company announced they have agreed to pay Rerun Recovery, Inc. a total of $400.000 in cash for the operations of Alaska and Oregon mines; $3.500.000 to build a processing facility in Nevada. The company also issued 150,000,000 shares of its non-assessable common stock from the authorized but unissued capital of the corporation to Rerun Recovery, Inc. in exchange for 70% of the net profits from the mines.[BANNER]
However, at the same time the 10-Q report of Catalyst does not look promising at all. As of March 31 this year the liabilities and the stockholders’ deficit of CATA flew over $1 million each, which is substantially higher than its total assets. Apart from these facts, the company is out of revenues and its cash flows are negative.
Based on the discouraging results, the future of Catalyst is dependent on its ability to raise additional capital, obtain financing and succeed in its operations. However, instead of achieving any of these, CATA agreed to give huge amounts of money and shares of common stock to another company in exchange of net profits that cannot be guaranteed.
