BioSolar Inc (OTCMKTS:BSRC) Climbing To New Heights
[[tagnumber 0]][[tagnumber 1]]Most of the first half of the year was quite dull for the stock of BioSolar Inc (OTCMKTS:BSRC). The ticker was highly illiquid and rarely attracted investor attention as the daily dollar volumes indicated.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This all changed earlier this month after a press release issued from [[tagnumber 6]]BSRC[[tagnumber 7]] headquarters. On June 16 the company announced the development of a technology that should seriously improve the cost, capacity and life of lithium–ion batteries. Needless to say, this got investors pretty hyped up. So hyped up, that they forgot [[tagnumber 6]]BSRC’s[[tagnumber 7]] financial state isn’t good at all.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 13]] [[tagnumber 14]]cash: $173,538[[tagnumber 15]] [[tagnumber 14]]current assets: $239,363[[tagnumber 15]] [[tagnumber 14]]current liabilities: $3,683,015[[tagnumber 15]] [[tagnumber 14]]revenues: ZERO[[tagnumber 15]] [[tagnumber 14]]quarterly operating loss: $155,144[[tagnumber 15]] [[tagnumber 24]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Still, this didn’t seem to bother investors and the ticker kept climbing the charts. Yesterday, [[tagnumber 6]]BSRC[[tagnumber 7]] added another 18.43% to its value and finished the session at $0.3849, making the total gain that the company stock has recorded since the day of the press release 450%.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]But not only has the company managed to keep the hype up with press releases. We also see that investors message boards are buzzing and a lot of people have pretty wild visions of a bidding war between Samsung, Google and Tesla for the buyout of [[tagnumber 6]]BSRC.[[tagnumber 7]][[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]However, we see that the company stock is quite hesitant in today’s session. The ticker is sitting 3.61% in the red as of the writing of this article and considering the massive gain that it made in the past 2 weeks and the not–so–good financials you should be sure to proceed with caution.[[tagnumber 2]]
