FLEET MGNT SLTNS INC (PINK:FLMG) has been jumping up and down unreasonably over the past week. The stock either hit 
massive gains, or rushed down at once with no particular explanation. Thus, its next move is hard to be predicted.
Last Friday, FLMG stock price froze at $0.039 per share, while its traded volume substantially decreased. However, it seems that Fleet is not ready to lose again.
According to the records, FLMG was promoted yesterday for a compensation of $40.000. Apparently, the campaign was the company’s effort to pump up the stock price and secure it from falling down.
Apart from promotions, Fleet has not released any news about its business since mid-June and currently no one is familiar with its operations. Though, promotions look like another way to support the stock price until the company publishes its next update.[BANNER]
Actually, that’s a well-known strategy for Fleet. As already reported on hotstocked.com, in June FLMG was promoted again, though the climb lasted for a day only.
In the meantime, the biggest issue facing Fleet remains its financials. The company’s last 10-Q states that its liabilities are about $1 million higher than its total assets, while FLMG still has a long-term debt to cover. Besides, its accumulated deficit exceeded $4 million by end-December 2010, which makes the situation much worse.
So, in order to continue as a going concern the company will need, among other things, additional capital resources and these cannot be guaranteed.
