ePunk Inc (PINK:PUNK) is climbing up at full speed these days. Yesterday, the stock added another 40% to its price, while its 
traded volume jumped over 1 million shares traded. How far will PUNK go is just about to be seen.
Judging by the latest promotion, there is a great chance for it to keep moving up. The alert came up yesterday, alarming traders that investing in PUNK will bring them a profit.
The company itself has not released any announcements on its business recently, apart from its quarterly results. According to the 10-Q for the three months ended June 30, 2011, PUNK has registered:
* $24,125 current assets
* $384,656 current liabilities
* $346,126 stockholders’ deficit
* $19,716 cash
On June 30, 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 Industries 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.[BANNER]
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 its common stock.
Should PUNK be unable to raise the necessary funds, its operating plans will be limited to the amount of capital the company can access.
