News on Wednesday, news on Thursday, would there be something from Save the World Air Inc.(OTC:ZERO) today? Trading volumes have, indeed, increased so another press release is not a bad idea, if the hype is to be sustained through the last day of the week. Even without it, however, there might be another trading frenzy coming this Friday, as one more player has come forth. 
Now, it is not like an all-time high has been achieved. Yet, a good deal of shares exchanged hands as a result of the positive news that came out on Wednesday and Thursday. However, in general, the pattern of price decline is yet to be broken. The session yesterday closed at $0.27 per share, which is a mere 4% increase for the day. A month ago, it was $0.39 per share. What is more, the increased trading volume yesterday has an interesting structure. Almost half of the 298k shares that exchanged hands are due to short-selling activity.
So, as mentioned, there is a catalyst in place for today`s session already. One that costs $50k – this is how much the third party paid. Promotions, of course. One promotion, actually, one that came out yesterday evening, set to affect trading activity today. Yet to see what this alert could do. Now, given that the promotion offers enough time for traders to do the necessary due diligence. A good place to start would be the balance sheet. The most recent document to look at is the 10-Q from May, covering the first three months of 2011. Among other figures, it includes the following: [BANNER]
- $325k in cash;
- $42k in other current assets;
- $367k in total current assets;
- $4.7 million
- in total current liabilities;
- $59 million in accumulated deficit;
- $0 in sales;
- $862k in net loss;
Not exactly inspiring. Not extraordinary bad, either. As the press release from yesterday mentions, Save the World Air is currently exploring opportunities for partnerships, which by definition should result in sales. In this aspect, it is yet to see whether management could go the extra mile and present a better-looking balance sheet; hence enjoy a better performing stock.
