Convenience TV Inc. (OTC:CRPZ) hit a spectacular gain. Last Friday, the stock jumped up 61.90%, while trading over 20 million 
shares for the day. Though, the reason for the massive trade is still unknown.
Historical records show that CRPZ has not released any news on its business since November last year, so currently no one has a clue about its operations. However, the stock is climbing up.
In fact, the same happened just a week ago when CRPZ made two impressive gains with no reasonable explanation. Does it mean that something is happening with Convenience TV? The answer is still to be seen.
Convenience TV is a development-stage company focused on the Convenience Store Industry. According to its unaudited 10-Q report, as of September 30, 2011, the company’s liabilities were far beyond its total assets and the stockholders’ deficit flew up. Besides, the deficit accumulated during the development stage increased by 50% as compared to the previous quarter, while the revenues kept missing.[BANNER]
The management stated that they intend to meet their cash requirements for the next 12 months through a combination of debt financing and equity financing by way of private placements.
However, they do not have any arrangements in place to complete any private placement financings and there is no assurance that CRPZ will be successful in finding additional capital. Meaning that the company may not raise sufficient funds to fully carry out its business plan.
