Over the past days, The Mobile Star Corp. (PINK:MBST) has been climbing up at top speed. Yesterday, the stock soared another 
84.62%, while trading 36 million shares on the market.
The phenomenal gain certainly provokes attention, though the reason for the climb is still unknown.
MBST has not released any news on its operations for months and no one has a clue about them. The latest announcement by the company was its financial report, filed in mid-November, last year.
According to it, cash and cash equivalents of MBST have substantially decreased as compared to the previous period, while the net loss got double. At the same time, the accumulated deficit kept increasing.[BANNER]
The company has not generated any revenues and no revenues are anticipated until MBST begin marketing the product.
Based on their results, the management of MBST claim that they do not have sufficient resources to effectuate their business plan in full. Thus, the auditors expressed a substantial doubt about the company’s future for the next twelve months.
Meaning that unless MBST obtains additional capital to pay their financial obligations, they might not stay in business.
