Defentect Group, Inc. (OTC:DFTC) started to fall down on an impressive volume. Yesterday, the stock lost 11.11% on the DFTC_chart.pngmarket, while its traded volume jumped over 1 million shares.

The most interesting fact here appeared to be yesterday’s promotion for DFTC, which caused the huge volume jump. Though, it couldn’t pump up the stock price.

Defentect tried harder to support its stock by publishing some positive news on the company’s business, however, it didn’t work either.

Apparently, the PR efforts have been in vain, as they weren’t enough to provoke investors’ interest and DFTC didn’t move up.

DFTC_pic.pngDefentect Group, Inc., formerly Splinternet Holdings, Inc., is a developer and provider of rapid response software applications for the threat detection industry. In May this year, the stock price was about 50% higher than now, though after that it started to fall down.[BANNER]

According to its financial report, the company’s revenues have decreased, while its losses and its liabilities have been increasing significantly. Defentect is out of cash to perform its operations and urgently needs additional financing.

By now, the company has primarily satisfied its cash needs through loans from Mr. Ackerly (the company’s CFO), however, the management claims that “losses from operations, stockholders’ deficiency, and working capital deficiency raise substantial doubt about our ability to continue as a going concern”.

In that case, if Defentect is unable to find some additional funds for its operations, the company’s future is unpredictable.