Lucrative play for some, very risky for others – this is Power-Save Energy Company (PINK:PWSV). Constant ups and downs which are a good place for speculators to test their skills. As for the general trend – it is not an easy question to answer. 
Trading volumes these days are not really exceptional, given the share price. In fact, it is rare for a session to have more than 100k shares exchanging hands. Yesterday was no exception. A 133% increase in the stock price as a result of 30k shares exchanging hands. A session closing at $0.035 per share. An increase not based on news, press releases, SEC filings, but neither are most of the other session hypes for that matter. At least, today might be different. Today, there is a catalyst in place. Yet to see what it could achieve.
There is an alert for PWSV. One, that came out yesterday evening, paid with $2500, trying to focus additional attention to the stock. The newsletter includes information about Power-Save, although it does not concentrate on the financial aspect of the picture, in other words – the balance sheet of the company. A vital piece of information for those doing some additional research. The 10-Q for the second quarter is a good place to do that. Among other figures, it includes the following: [BANNER]
- $65k in cash;
- $1.66 million in total current assets;
- $706k in total current liabilities;
- $963k in accumulated deficit;
- $171k in revenues;
- $220k in net loss;
Not the best financial statement out there, not the worst, especially for a pink sheet enterprise. In terms, as mentioned, opportunities for profits go along with a high level of risk for PWSV.
