After being frozen for almost a week, yesterday the stock price of Kiwibox.com Inc.(OTC:KIWB) rose up. The stock soared 
5.88% and managed to trade over 1 million shares on the market. Strange move, considering the fact that there is no news on the company these days.
In fact, the latest announcement on Kiwibox came up on June 14, when the company reported it was launching the U.S. version of Pixunity.com, a photo blogging community. According to the announcement, the website was set to enter the domestic market and impress users with creative templates and designs they can easily bind memories through photo books for online sharing.
Despite the positive news, the announcement failed to pump up KIWB stock price that much and it was down on the following day. Since then, the company has not published any news on its business, though maybe something is just about to happen.[BANNER]
Kiwibox.com, Inc. is a New York-based social network. Last month, the company filed its quarterly results, which look really disturbing:
* $89k in total current assets;
* $6.9 million in total current liabilities;
* $52 million in accumulated deficit;
* $423 in total revenues;
* $685k in net loss
So far, so bad. The results talk for themselves. Apparently, Kiwibox should try much harder if they want to cover their losses and somehow turn into a profitable company.
