Chart position of Ecosphere Technologies, Inc. (OTC:ESPH) has been rather changeable over the past days. The 
stock price is constantly jumping up and down, trying hard to hold the gain.
Yesterday, ESPH got back on track by adding 4.65% to its stock price, while its traded volume substantially increased.
The latest news by Ecosphere came up on Jan 4 when the company announced it was to report over $20M in revenue for 2011 and that it and its majority-owned subsidiary have received the purchase order for units 5 and 6 to be delivered this year. However, the optimistic news failed to inspire anyone and since then no data on ESPH was released.
Nevertheless, yesterday the company was featured in a promotional update by seekingalpha.com, which pumped up ESPH stock price at once. So, what’s next today?
Ecosphere Technologies, Inc. engages in the development and sale of water and renewable energy technologies. What is interesting about the company right now is that during the fist week of this month certain members of its stuff have acquired huge amounts of ESPH shares of common stock. Though, no particular explanation on the issue was provided.[BANNER]
The latest quarterly report of Ecosphere showed a huge increase in their revenue for the three months ended Sept 30, 2011, as well as their improved cash position. However, while the company’s management was quite confident that ESPH would soon get profitable, the financial report does not hide the negative facts which still remain.
According to it, Ecosphere had a working capital deficit of $2.2 million and a stockholders’ deficit of $1.5 million. However, ESPH believes that their revenues will cover all their losses.
