Perigee Holdings Inc (PEHD)

[flemsnopes]

Of course you're correct in terms of the current business results which are clearly unsustainable without more equity debt and dilution, or greatly improved performance. The recent momentum in the stock price and volume may be totally unjustified, but such activity is usually based on specific knowledge - albeit possibly apocryphal - of future events and/or performance. Time will tell and a lower stock price is a clear risk. The only possible reason for investing in this enterprise is the admittedly remote possibility of some surprise development which propels the stock unexpectedly - "long odds" gambling, pure and simple.