Zamage Digital Art Imaging, Inc. (PINK:ZMGD) is flying up again. The climb started last Thursday, when the stock added 
150% to its price, and on Friday the flight continued. This time ZMGD soared another 40%, while trading over 6 million shares on the market.
The gain looks pretty good, especially when reading the positive statements about the financial results of Zamage and its subsidiary. Though, there is another solid reason for the sudden price jump. Namely, promotions that are typical for the company.
Historical data shows that ZMGD was massively promoted in end-October by a number of promoters for a total compensation of $94,000. The paying party remained unknown, though the campaign pumped up the stock price at once and now everyone is curious which way ZMGD will take.[BANNER]
While being promoted, Zamage and its subsidiary Paraform Design reported the company’s unaudited Q2 results for this year. As of June 30, Paraform Design stated it was profitable and self-sufficient, expecting to continue to increase its profit. However, at the same time ZMGD claimed that they had no cash or cash equivalent balances in excess.
Though ZMGD has made some profit, the company was not able to cover its liabilities, thus its continuation as a going concern is dependent on a number of factors listed in the 10-Q. Namely, its ability to meet its obligations, to obtain additional financing as may be required and ultimately to attain profitability.
