First Corp (OTC:FSTC) has been flying up at full speed over the last days of 2011. After the stock price stood frozen for a 
couple of weeks, on Dec 29 it got the up move at once. Then, on the next day FSTC soared the next 108.70% and its traded volume jumped up.
So far, so good. However, the shocking gains are hard to be explained.
First Corp has not released any news on its business recently and no one has an idea about its current activities. Though, FSTC is climbing up.
In fact, the latest announcement by the company was a notification of late filing regarding its annual results. Apparently, these were not ready yet and investors should wait more to check them out.
In any case, while waiting for the 10-K traders may find the quarterly report of FSTC, which contains the following numbers:
* $0 cash at hand
* $100k in current assets
* $209k in current liabilities
* $538k in accumulated deficit
* $221k in net loss
* $0 in revenue[BANNER]
Based on these results and the lack of news, it looks like there is not much hope for First Corp at this point. The only thing left for investors is to wait for the company’s annual results to judge rational on their investment.
