Stock price of Medical Billing Assistance Inc. (OTC:MDBL) looks rather disorientated lately. Yesterday, it was down again 
losing 1.23% on the market, while traded volume rose up.
Looks like the positive effect of the company’s announcements has gone and MDBL started moving down again. Though, maybe there is more to happen today.
After the company reported the signing of Dr. Daniela Rusovici to FCID’s managed medical practice two days ago, yesterday another piece of news was to follow. Namely, the infusion of 2.5mm into First Choice Medical Group of Brevard, LLC, one of the wholly-owned subsidiaries of MDBL. According to the announcement, the investment allows FCMG to parallel MDBL’s vision of becoming a modern state of the art facility, setting a new standard for healthcare going forward.
The news sounds inspiring, though there is another factor to influence MDBL stock price. It is promotions again.
The stock was massively promoted in the beginning of this month, and now the campaign is back on. The alerts came up yesterday with no third party involved, meaning that MDBL itself has held the campaign this time. Apparently, the company is determined to get the climb again by all means.[BANNER]
However, the biggest issue facing MDBL remain its financials. As recently reported on hotstocked.com, the company’s latest 10-Q is not inspiring at all, especially when considering the going concern status of MDBL.
The management states that the status is due to the incurred non-recurring expenses in the last quarter of 2010, leading to the company’s working capital deficit. Still, they believe that MDBL will be able to continue operations supported by their loan agreement and eventually profitable operations.
