Yesterday, the news about a signed Letter of Intent shot United Treatment Centers, Inc. (PINK:UTRM) share price and volume up. One more new press release and a trading alert from yesterday may extend the trading activity today as well. 
The session closed at $0.0031 for a share and UTRM recorded thus an over 244% increase from the previous close. The trading volume of almost 63 Million shares was the heaviest in the stock’s trading history. The reason seems to be a press release which came out yearly in the morning.
According to it, UTRM has entered into a Letter of Intent to acquire a company named Nature’s Instincts, Inc. – a company described in the PR as a manufacturer of natural health products based on a proprietary technology derived from stem cell research. The PR had its continuation later the same day. One more announcement came out to say that Nature’s Instincts, Inc. had launched its premier sleeping aid supplement called Somina PM.
None of the two companies is an SEC filer, thus it is hard to say if that LOI could change a lot about the situation of UTRM, moreover the details and the conditions of the potential acquisition have not been given. A financial report of UTRM is available and it shows that the company manufactures and sells a waterless toothbrush. There were no sales for the first three months of this year, and at the end of March 2011 UTRM had total assets of $837,982, total liabilities of 4463,165, and a working capital deficit.
One more thing is also worth mentioning. UTRM got featured in a mid-day trading alert yesterday. The disclaimer says that the promoter has been previously compensated 750,000 restricted shares of UTRM for a 90-day IR campaign. That campaign has expired, but the promoter says he still owns every single share.
