Stock price of Regeneca Inc (PINK:RGNA) suddenly froze up. After a price jump of 2.56% on Monday, yesterday RGNA closed 
the day at $0.02 per share, while its traded volume totaled over 1.5 million shares.
What has caused the massive trade is crystal clear – hot news and promotions. The news came up on Nov 14 when Regeneca reported the successful launch of its Direct Response Network Marketing business and projected its great success in 2012.
Right on the next day, RGNA got strongly promoted by a number of promoters who put the stock on their watchlists for today. In fact, Regeneca has initiated the campaign by itself as no third party was involved in it. Apparently, the company gets ready to climb up again, probably starting from today.
So far, so good. However, there is a bigger issue facing RGNA. Namely, its financial condition.[BANNER]
According to its unaudited quarterly report as of June 30, the company’s liabilities were far beyond its total assets and the stockholders’ deficit got over $4 million. At the same time, the revenues decreased and they cannot cover the losses.
The management stated that they have not attained profitable operations and are dependent upon obtaining financing to pursue any extensive acquisitions and activities. Thus, the company’s auditors expressed substantial doubt that Regeneca will be able to continue as a going concern.
