Li-ion Motors Corp (OTC:LMCO) finally hit the gain. Yesterday, the stock soared 12% on the market and its traded volume 
jumped up. Apparently, the promotions worked out at last.
According to the records, LMCO has been promoted since June 12 and the campaign managed to break up the loss from the days before. The stock was promoted by numerous websites, which spread out the news that Li-ion was to take the center stage soon. The alerts stated that LMCO was getting more media attention due to its diverse product range and all-electric supercar, reported in the company’s news. The campaign cost $22.500 in total, paid by NuMark Corp.
Yesterday, the promotions continued and LMCO stock price was finally up. Apparently, the campaign was the only reason for the gain as currently Li-ion has nothing else to declare.
Li-ion Motors Corp. is a technology company focusing its resources and efforts on the development, manufacturing and marketing of high speed lithium-powered vehicles. Apart from the media attention announcement, the company has not released any other news on its activities recently and no one is familiar with its projects.
At the same time, the quarterly report of LMCO is disappointing. According to it, the company’s liabilities are much higher than its total assets and the stockholders’ deficiency is over $5 million. Besides, as of January 31 this year the total accumulated deficit of Li-ion exceeded $62 million.[BANNER]
Apart from these losses, the 10-Q states that LMCO has substantial obligations to the Internal Revenue Service and other creditors. The company has recently accomplished an unregistered sale of equity, however, the sale might be risky for the shareholders.
Further on, the current operating funds of LMCO are less than necessary for the commercialization of its planned products, and therefore the company will still need to obtain additional financing in order to complete its business plan.
