All of a sudden, Sentry Petroleum Ltd (OTC:SPLM) hit a phenomenal gain. The week of losses was closed with a 133.33% gain
last Friday, on a trading volume of over 1.4 million shares.
The most interesting fact here is that no reason on the massive trade can be found yet. There is no news on Sentry these days, apart from its financial results released in December. However, these were not of much satisfaction either.
According to the 10-Q, SPLM has not generated any revenues from operations since its inception and has incurred significant losses instead.
Based on its financial results, the continuity of the company’s future operations is dependent on its ability to obtain financing from issuance of equity securities. However, these conditions raise substantial doubt about Sentry’s ability to continue as a going concern.[BANNER]
Sentry Petroleum Ltd is an American energy company with 10,600 square miles of oil, gas and coal seam gas rights in Australia. The company’s management is hopeful to finally generate some revenues, though no one can guarantee it at this point.
Meanwhile, instead of positive facts, the financial report of SPLM is full of risk factors and uncertainties, which are beyond the company’s control.
