Therma-Med Inc. (PINK:THRA) has been climbing up at full speed over the past couple of days. Yesterday, the stock got even 
higher by soaring another 66.67% and trading over 152 million shares on the market.
Only one reasonable explanation on the gain could be found so far – promotions. They started yesterday when THRA was promoted by two websites for a compensation of $85.000 in total. The paying party was not revealed, though apparently the campaign worked out at once.
Apart from the expensive promotions, no news was released by Therma these days. In fact, the latest came up on Jul 28 when the company reported it has negotiated an option agreement to earn a 90% interest in a copper property in Ontario.
Being announced, THRA stock price jumped up, however, only for a day. Since that time, there is no information on the company’s activities and it is interesting how far the climb may go. In any case, the latest 10-Q report of Therma is not able to support it.[BANNER]
The company’s unaudited report shows that as of 31 March, 2011 it had:
* $147k in total assets
* $147k in total liabilities
* $0.0 revenues
* $22k in net loss
* $(53) of negative cash
These are certainly not the most inspiring results a company can achieve. Meaning that, presently, it is only the optimistic news and promotions Therma can rely on.
