Osage Exploration and Development Inc (OTC:OEDV) has been rather unpredictable during the last days. After a price jump on 
Thursday, on Friday OEDV lost 15.38% on the market, while its traded volume rose up. Though, the stock might change its chart position again and it’s just about to be seen.
As soon as OEDV cut off the gain, it got promoted by Investorideas.com who were trying hard to pump up its price. It is interesting if they will succeed for a compensation of $3,500 only.
Osage Exploration and Development, Inc. engages in the acquisition and development of oil and natural gas in the US. Just a day before the campaign was held, Osage filed its quarterly results, which were quite contradictory.
During the past three months, cash and equivalents of OEDV have substantially increased, though the accumulated deficit remained notably high, as well as its liabilities.[BANNER]
Despite its improved cash position, Osage has incurred significant losses in the last three years. Substantial portions of the losses are attributable to asset impairment charges, stock based compensation, professional fees and interest expense.
Thus, the company’s operating plans require additional funds that may take the form of debt or equity financings and its ability to continue as a going concern is in substantial doubt.
