When an interested third party injected $5 thousand last week to raise awareness about Insight Management Corporation (PINK:ISIMD), few investors reacted accordingly. However, as soon as the same party pooled further $25 thousand, the response was overwhelming. Yesterday, ISIM stock gained 62.5%, closing at a four-week high of $0.13 per share on a record-breaking turnover in excess of 1 million.
The giant leap ISIM made yesterday might also be attributed to a press release which popped up prior to the session. It informed traders that the company had now acquired a whole-new photovoltaic technology that has yet to be patented. The transaction is highly regarded as a big move into the solar market. The latter has been expanding consistently for quite a while now, which implies that ISIM might be on the right track in its quest for glory.
The company profile reveals that it has got its eye on a wide spectrum of services such as providing solar panel technology and wind turbine systems just to name a few. In addition, ISIM is a limited information provider on the OTC market as it has yet to file a full 2010 annual 10-K report with the SEC. At least, its latest quarterly report is fairly recent as it covers the period ended Sept. 30, 2010. As of that date, ISIM had:
The 10-Q report also revealed that more than 400 million (out of 1 billion) shares have not been issued yet, which leaves a lot of room for possible dilution in case ISIM needs more capital in the immediate future.