FLEET MGNT SLTNS INC (PINK:FLMG) hit a phenomenal gain. Yesterday, the stock soared 67.35% and managed to trade 
approximately 5 million shares on the market.
The reason for the shocking gain is obvious – news and promotions. The huge campaign was held yesterday, when a number of promotional alerts occupied the stock market. According to these, FLMG was going to climb even higher and would make a valuable investment. The whole campaign cost $56,000 in total, but it was not the only reason for the massive gain.
Along with the promotions, FLMG reported that the company has received a business valuation opinion from the independent firm Valuation & Research Specialists. The opinion stated that Fleet Management was valued at over $29 million.
The news that FLMG was expected to reach $9.5 billion in sales annually by 2015 definitely encouraged investors and it is just a matter of time to see if the current up move will continue.[BANNER]
Looks like the only problematic issue for the company remains its financials. Its annual results show that as of June 30 the current liabilities of FLMG were higher than its assets, while the accumulated deficit kept increasing.
Based on its financial results, the company’s management claims that FLMG is dependent upon the ability to secure additional financing, or to attain profitable operations. However, none of these is guaranteed.
