PureSpectrum, Inc. (PINK:PSRU) closed the last trading session at the usual resistance level and on much lower trading activity. The company has not provided any current financial information and its latest press release came out more than a month ago. 
PRSU closed at $0.0006 yesterday on a volume of 4.7 million shares, which is much lower than the daily average activity for the last three months of 7.6 million traded shares. Currently, it looks like the only thing that could add more attention to PSRU stock, apart from its low sub-penny share price, is an update on the latest announcement of the company.
In the middle of last month, PSRU announced in a press release that it were finalizing certain details on a Joint Venture with some unknown OTCBB Oil and Gas company with a 30 well drilling program in Texas. According to the statement, the two companies had agreed on long-term cooperation related to to these previously drilled wells and that initiative would produce revenues in the first quarter of 2012.
Due to the lack of any clarity, and of any data about the current financial and operational state of PureSpectrum, that deal looks more than questionable. For now traders can only hope that the promised in December details would actually get announced and confirmed by an SEC filing soon.
