Stock price of MARINE DRIVE MOBILE CORP (OTC:MDMC) has been quite unpredictable over the past days. After a number of 
price hesitations, yesterday MDMC jumped up 1.37%, while its traded volume remained high.
Now MDMC looks determined to hold the gain for longer. This time by promotions and news.
The campaign started on April 29 and it was on until yesterday, when the total compensation for the alerts reached $100,000. Though, it seems that MDMC is not satisfied with the result of the promotions yet, so it found another way of pumping up the stock price.
Just a while ago, the company issued a press release which reported that MDMC has signed a joint venture agreement with TapIn Solutions, LLC that would introduce an immediate sales channel to reach golf courses and other businesses for the company’s flagship product eTeeoff.com. According to MDMC, the agreement with TapIn Solutions is to make its software available to merchants across the country and will launch approximately 150 golf courses up and running in June, this year.
The news sounds optimistic enough to inspire investors, though the result is still to be seen.
Marine Drive Mobile Corp. is a San Francisco-based technology company dedicated to bringing simplicity, innovation and disruption to the online coupon industry. In February, the company filed its 10-Q report, though it did not look that promising.[BANNER]
As of Dec. 31, 2011 current liabilities of MDMC have been much higher that its current assets, and the net loss flew up. During the same period of time, the deficit accumulated during the development stage kept increasing, while the revenues still pointed zero.
During the three month period ended December 31, MDMC has funded its operations from the proceeds of advances from a third party. In January, 2012 the company has completed a line of credit agreement for $1,000,000. However, the
management state that if they change their operating plans, increased expenses, or other events may cause MDMC to seek even greater equity or debt financing in the future. Thus, in addition to the Line of Credit, the company is seeking further financing to fund its operations for at least the next six months.
