Yesterday, FACT Corp. (PINK:FCTOA) crashed down hard. The stock closed the week with a 36.92% loss and its traded volume 
flew over 795 thousand shares.
The records show that FCTOA has not released any news on its business lately, thus its current operations remain unknown and the stock is falling down.
Nevertheless, when the news is missing, promotions are here and FCTOA is determined to get back on track namely by using them.
The stock got promoted yesterday for a compensation of $10,000 in order to get the climb. The result of the campaign should be seen next week.
FACT Corporation predominantly operates in the functional food industry through its wholly owned subsidiary, Food and Culinary Technology Group Inc. Last month, the stock got massively promoted again, however, the gains were shortly broken.
FCTOA claims to have grossed more than $13 million for the last 10 years. Though, the company’s financial condition over the four-quarter period ended Sept. 30, 2011 is completely discouraging.[BANNER]
According to the 10-Q, its cash reserves shrank from $323K to $31K as compared to the previous quarter. Additionally, with an average quarterly current ratio coming in at 0.25, FCTOA will certainly face substantial difficulties paying off its short-term obligations within the next 12 months or so. Moreover, when considering the fact that the company has registered an average quarterly net loss of approx. $0.5 million.
And while its 10-Q results appeared to be disturbing, FCTOA filed a notification of late filing related to its annual report, which was full of negative expectations.
