Medical Alarm Concepts Holdings Inc (PINK:MDHI) is running up at full speed these days. Yesterday, the stock gained another 
14.75%, on a traded volume of over 17 million shares.
What’s the reason for the uptrend? Apparently, the series of good news released by MDHI over the past weeks.
The first press release came up on Dec 12 and since then the company issued another one each week. The latest one was issued yesterday, when MDHI released the preliminary version of its new television commercial for its MediPendantTM personal medical alarm system.
The news followed the signing of the company’s marketing and distribution agreement with Harrington Multi Media Marketing LLC as well as the financing package MDHI has secured this month.
Being released, these announcements sent the company’s stock price towards the top of the chart, despite its poor financial condition.[BANNER]
According to its last 10-Q, MDHI had no cash in its balance, while its liabilities were not covered. At the same time, the stockholders’ deficit is over $2 million and the accumulated deficit exceeded $7.5 million.
Based on these results and the going concern status of MDHI, it looks like its new financing agreement is the company’s only option to continue operations.
