Clear Skies Solar, Inc. (OTC:CSKH) has been climbing up at full speed lately. The up move started last Thursday and 
continued yesterday when the stock hit a massive gain.
Just for the day, CSKH jumped up 125% and managed to trade over 29 million shares on the market.
No doubt that something is going on with Clear Skies, though it is still in mystery. The company keeps silence since November last year, while its stock is rushing up.
Last month, CSKH have disposed 1,050,000 shares of common stock in full satisfaction of their $315,000 of outstanding debt. However, any other news is missing.
Meanwhile, the company’s financials remain discouraging. Historically, Clear Skies has financed its operations primarily through sales of equity and debt securities. Though, both its stockholders’ deficit and the accumulated deficit rose up significantly.[BANNER]
Despite the fact that as of September 30, 2011 the company’s cash has doubled, its revenues decreased and its current liabilities totaled over $4 million.
In addition, the management stated that they expected more losses in the future and additional financing is certainly needed.
Otherwise, CSKH may not be able to continue their operation.
