Nelly Shishkova

Zamage Digital Art Imaging, Inc. (PINK:ZMGD) Flies Up on Promotions Again

by Nelly Shishkova October 31, 2011
Zamage Digital Art Imaging, Inc. (PINK:ZMGD) is flying up again. The climb started last Thursday, when the stock added ZMGD_chart4.png150% 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.

ZMGD_logo.jpgWhile 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.

Comments 2

1. e.brainy
November 02, 2011, 07:45AM

Quotes Does Mina Mar pay you for vapid comments? If you really rely on your nose of a trader give some expected trading range.

2. Guest
November 01, 2011, 01:23PM

Quotes Kewl on "massively promoted" GO MINA MAR!! They took ANDI up 1200% and about a year ago GOIG up 20,000% Made me a killin! I just skinned ZMGD for 40% gain. Any idea what MMG is puping out this week or next week? I need a new car by Xmas and Mina Mar can do it!!

Type the characters that you see in the box (5 characters).