DC Brands International, Inc. (PINK:HDRN) is climbing up these days. Yesterday, the stock added the next 3.12% to its price and its volume reached 19 million shares.
Historical records show that DC Brands has not released any news on its business since Dec 23 last year, until this Monday. Just then, the company reported the release date of their new and improved Fat Fighter infomercial, which immediately provoked investors’ attention. As a result, HDRN got the climb and it still holds the gain.
DC Brands International specializes in the manufacturing of its own functional beverages and health products. As of September 30, the company’s liabilities are far beyond its total assets, and the net loss got almost double. At the same time, both the stockholders’ deficit and the accumulated deficit of HDRN jumped up.[BANNER]
Since inception, the company has met substantially all of its financing needs through private sale of shares of its common stock and other equity securities and loans from investors. However, HDRN has incurred significant losses, negative cash flows and negative working capital.
The management stated that the ability of HDRN to continue as a going concern is contingent upon its ability to secure additional financing. Nevertheless, it cannot be guaranteed.