Flameret, Inc. (PINK:FLRE) is on the massive trade again. The climb started on Wednesday and yesterday the stock soared 
another 25% while trading almost 30 million shares on the market.
The reason for the gain is easy to guess – the latest news on Flameret. Yesterday, the company announced an update on its market capitalization, reporting the number of its shares authorized, shares outstanding and free trading shares.
The update was published to prevent speculations about the shares outstanding of Flameret and apparently it attracted traders’ attention. However, it is interesting how long the up move will resist.
Historical records show that fresh news and promotions have been the regular PR strategy for FLRE, which often pumped up the stock price. The same happened last month, when FLRE got massively promoted and it was on the move again. Though, not for long.[BANNER]
The problem is that while spreading out speculative alerts on its business, the financial results of Flameret haven’t improved at all. As of May 31, its liabilities and stockholders’ deficit pointed over $1 million each, while the assets hardly totaled $5 thousand. Besides, the company’s balance sheet remained full of other losses and enormous accumulated deficit that cannot be covered.
Obviously, the only option for FLRE is to continue the optimistic series of news, while operating under a going concern.
