Fourteen sessions for the last 365 days. This is the balance of Pacific Software Inc. (OTC:PFSF) when it comes to its participation on the stock market. As it is, PFSF shares have been traded once every four weeks. Yesterday, however, PFSF registered its strongest market performance ever.
Clocking in at $1.00 per share, PFSF skyrocketed 590%, which had never happened in the company’s history. The volume, in addition, also spiked as 30 thousand shares changed hands. The latter figure equalled the record achieved a week ago. No obvious reason appears to have triggered such a scenario.
On the one hand, PFSF has not issued any corporate updates for more than six weeks now. In fact, the last PR dates from Aug. 24 when it was announced that PFSF had cracked the top 5,000 list of America’s fastest-growing private companies. Even then the surge in value that followed was by no means as spectacular as the one that occurred yesterday.
On the other hand, as seen in our comprehensive newsletter database, PFSF has never been subject to any paid and/or free promotional campaigns, which goes to say that the company does not rely on artificial methods to have ts stock pumped.
When Pacific Software Inc. filed its regular 10-Q report for the quarter ended Jun. 30, 2011, it hardly surprised anyone. In brief, the company scored another quarter of zero assets and revenue. What is more, its operating loss is entirely attributed to administrative expenses, salaries being one of them. No R&D investments have been made, either.
Although PFSF does not pretend to have any significant operations, managers might actually have something up their sleeves currently only known to company insiders.
