ePunk Inc (PINK:PUNK) has formed an uptrend over the past couple of weeks. On Friday, the stock soared another 7.35% and 
its traded volume flew up. Though, the reason for the gain is unknown yet.
The company has been quiet since the beginning of December, last year and no one has an idea about its current operations. Nevertheless, it looks like something is happening with PUNK and it will be seen in a while.
In addition to the news blackout, there is no recent financial information about the company. Its last 10-Q report was filed with the SEC in end-August, 2011.
According to it, for the three months ended June 30, PUNK has registered:
* $24,125 current assets
* $384,656 current liabilities
* $346,126 stockholders’ deficit
* $19,716 cash[BANNER]
Also in June, ePunk, Inc. and Punk Industries, Inc. entered into a Share Exchange Agreement pursuant to which ePunk has acquired all of the shares of Punk Industries. In exchange for the PUNK stock, ePunk issued 24,750,000 shares of their common stock, which represents approximately 98.77% of their issued and outstanding common stock to the Punk shareholders.
It was accounted for as a “reverse merger” as the stockholders of Punk Industries, Inc. owned a majority of the outstanding shares of ePunk, Inc. common stock immediately following the merger.
However, considering its financial results, the management of ePunk claims that there can be no assurance the company will generate sufficient capital from operations to fund its planned operations. Thus, they are planning to raise necessary additional funds through loans and additional sales of PUNK common stock.
