Suddenly, LUXEYARD INC (PINK:LUXR) broke up the climb. After the uptrend for two weeks, yesterday the stock lost 21.01% 
and its traded volume went over 2 million shares for the day. Though, the reason for the loss cannot be found yet.
On Monday, LuxeYard reported a strategic alliance with Australia’s buyinvite and the stock price jumped up. On the following day, LUXR got featured by the promotional website MobileStockPicks.com, though the up move was broken.
Today, the positive news continue and the company has just announced that surpassing the 600,000 member threshold in less than three months since its public launch on January 24, this year. Along with the strategic alliance established with buyinvite, LuxeYard sales events are now claimed to be accessible to a collective audience of more than 2.1 million consumers.
Looks like LUXR has not given up the fight for the gain yet, and the result of the latest press release should be seen any minute.
LuxeYard is a members-only flash sale site for luxury home furnishings, decor and fashion that offers access to unique products sourced by a seasoned team of buyers at a fraction of retail prices. After a notification of late filing, on April, 16 the company filed its 10-K report. However, it was not promising at all.[BANNER]
In the fiscal year ended December 31, 2011, LUXR had revenues of $2,038 and its net loss was $1,038,447. At the same time, the company had total current assets of $326,842 and total current liabilities of $390,091.
On February 24, 2012 the Board and majority shareholders of LUXR approved the Luxeyard, Inc. 2012 Stock Option Plan. Though, due to the minimal revenues since inception, the company will be required to obtain additional capital to continue operations.
Unfortunately, no assurance can be given that any financing, if obtained, will be adequate to meet their capital needs. Meaning that LuxeYard will keep operating under a going concern.
