Nelly Shishkova

RARUS TECHNOLOGIES INC (PINK:RARS) Hit a Massive Gain on Positive News

by Nelly Shishkova May 10, 2012

This announcement was accompanied by a promotional campaign worth $20,000 to impress traders even more. Meanwhile, the alerts on RARS continue and the result is currently expected.

At the same time, the last 10-Q of Rarus looks rather disturbing. As of March 31, 2012 the company's cash points zero, and its total liabilities are much higher than the total assets. Besides, both - the stockholders' deficit and the accumulated deficit during exploration stage are negative values.

Additionally, the report states that Rarus is subject to a number of substantial business risks and uncertainties inherent in starting a new business and there is no assurance that the company will be able to generate sufficient revenues or obtain sufficient funds necessary for launching a new business venture.

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