shares traded. That’s about 12 times higher than the average volume of TRDX and a significant value for the stock.The only reasonable explanation on the huge volume now appear to be the effects of the recent promotions for TRDX. According to the records, the stock was promoted 5 times at the end of last week, which must have created excessive buying at first.
The price fall was accompanied by the company’s announcement that it has entered into discussions for the acquisition of the exclusive rights to the innovative environmental product Eco-tabs. However, the discussions are not finalized yet, as well as the possible future transaction.
Obviously, the news couldn’t encourage traders and the stock fell down. Could it be a new downtrend after the huge promotional gains? It’s up to be seen.[BANNER]
SciMeDent (Trend Exploration, Inc) is a developer and marketer of products and services in the field of medicine, dentistry and life sciences. At the end of 2009, the pink sheets company traded about 10 times higher, though currently its stock price is down.
According to its financial report, the liabilities of TRDX are approximately four times higher than its assets and the company has registered a stockholders’ deficit of over $490 thousand. Though its revenue has increased, TRDX has suffered huge losses and expenses. The company’s quarterly report has been prepared “on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business”.
The management of Trend Exploration claims that the company is “dependent upon the continued financial support from its shareholders” and if additional financing is not ensured, TRDX may be unable to continue its operations.
