All of a sudden, Force Energy Corp. (OTC:FORC)
got the climb. The up move started on Thursday and continued on Friday
when the stock added another 20.00% to its price, while its traded volume jumped up. Unfortunately, the massive trade is hard to be explained.
The records shows that Force Energy has not released any news on its business since the beginning of November, last year. Thus, no one is informed on its recent operations. Though, the company looks determined to hold the up move for longer by promotions.
The campaign was held yesterday when FORC got promoted for a compensation of $20,000. The result of the promotions will be seen shortly.
Force Energy Corp., a development-stage company, engages in identifying and investing in potential natural gas and oil wells. As of August 31, 2011, the company's cash position looked improved, though its losses also got higher. In addition, the deficit accumulated during the development-stage period remained over $2 million.
The management of FORC stated that they will depend almost exclusively on outside capital to pay for the continued exploration and development of their properties. Such outside capital may include the sale of additional stock and/or commercial borrowing.
However, the capital may not continue to be available if necessary to meet these continuing development costs or, if the capital is available, it may not be on terms acceptable for FORC. Besides, the issuance of additional equity securities by the company would result in significant dilution in the equity interests of its current stockholders.
Meaning that if FORC is unable to obtain financing on acceptable terms, the company may be required to scale back or cease operations, and the stockholders would lose their investment.