Evermedia Group, Inc. (PINK:EVRM)
broke up the climb at once. Yesterday, the stock lost 4.26% of its price, while its traded
volume went over 18 million shares.
Though, Evermedia is not ready to give up the fight and it is trying hard to get back on track by news and promotions.
It was yesterday when the company reported that its subsidiary, System Technology Solutions, Inc, has received a Task Order award to support biometrics business and analysis initiatives for a U.S. federal agency.
Along with the positive announcement, EVRM got promoted yesterday for a total compensation of $15,000. The promoters alerted on the company's latest news and projected a new gain for the stock. Yet, the result is still to be seen.
Evermedia Group, Inc. is a Service Disabled, Veteran Owned Small Business providing defense and security solutions to government agencies and private entities. On Monday, the company filed its delayed 10-Q which looked rather contradictory.
As of March, 31 2012 current assets of Evermedia were higher than its current liabilities, however, the company's operating income was negative and its cash has decreased. At the same time, long-term liabilities of EVRM has not been covered yet.
Based on all the above-mentioned, it seems that Evermedia relies more on promotions than on making a profit to continue its operations.