HotCloud Mobile, Inc. (fka HOTM)

[retiredanalyst]

If anyone is long this stock, or bought the stock based on promotional marketing hype, I highly suggest you read the company's most recent SEC Form 10-Q. You can believe anything you want in regards to statements from the company, or stock promoter hype, but if you actually read the SEC filing you'll find the company for the 3 months ending on April 30th, 2011.....had sales of $0, as well as accounts receivable of $0. The filing goes on to state that for the six months ended April 30th, 2011, they had a net loss of $577,320, a working capital deficit of $2,172,438, a stockholders deficit of $2,361,236, and an accumulated deficit of $3,520,562. Therefore, believe all the promotional hype you want from pumpers, but this company can't continue as an ongoing concern unless they can raise additional capital, or somehow generate positive cash flow from operations sometime soon. Because with sales of zero, it's impossible to comprehend anyone's bullishness.