This week, Clear Skies Solar, Inc. (OTC:CSKH) makes spectacular gains. Yesterday, the stock cut off the loss and jumped up 
54.55% on a traded volume of over 22 million shares. Today, the climb continues and it is interesting how far it may go.
Nevertheless, the most interesting thing here appears to be the fact that no one can find the reason for the massive trade.
Historical data shows that CSKH has been quiet since last November and currently there is no information about the company’s operations. The only piece of news related to Clear Skies this year is a Form 4 filed with the SEC on January 25. According to it, the company has disposed 1050000 shares of their common stock in full satisfaction of their $315,000 of outstanding debt. After that no data on CSKH has been issued.
Clear Skies Solar delivers turnkey solar electricity installations and renewable energy technology solutions to commercial customers across the US. As of September 30, 2011, the company’s cash has doubled as compared to the previous quarter, though its current liabilities exceeded $4 million. Besides, both – the stockholders’ deficit and the accumulated deficit substantially increased, while the revenues decreased.[BANNER]
Since inception, Clear Skies have financed their operations primarily through sales of equity and debt securities. However, the company expects to incur additional losses in the foreseeable future. Thus, CSKH needs to raise additional funds on terms that would not substantially dilute their current stockholders’ equity interests.
The management stated that if Clear Skies are unable to raise additional funds on a timely basis, or at all, they probably will not be able to continue as a going concern.
