ValCom Inc (PINK:VLCO) has been moving up since last Wednesday. The climb continued until Friday, when the stock soared 
the next 12.24%, on a traded volume of 3.6 million shares. However, the most interesting fact here is that the reason for the uptrend cannot be found yet.
Historical data shows that Valcom has not released any news on its business since mid-November and investors are not familiar with its current operations. Nevertheless, the stock keeps moving up.
Valcom is a fully integrated entertainment company engaged in television production for network and syndication programming, motion pictures, and real estate holdings. According to its quarterly report, the company has incurred net income of $15,5 million and had retained earnings of $14,8 million at June 30, 2011.
Notwithstanding the inventory adjustment, these conditions raise substantial doubt about the Valcom’s ability to continue as a going concern.[BANNER]
As net working capital was a surplus of $37 thousand, the company will need to raise funds through various financings to maintain its operations until such time as cash generated by operations is sufficient to meet its operating and capital requirements.
However, the only problem is that there can be no assurance that Valcom will be able to raise such capital on terms acceptable to the company, if at all.
