After a strong session recorded last week that dragged stock price of 4Cable TV International Inc (OTCMKTS:CATV) out of double zeroes, the momentum slowed in the following trading sessions. In the very next trading session, the stock registered gains of 29% on volume slightly lower than previous trading session.

However, the stock failed to continue with its positive momentum as it registered a deep red closing on Thursday. Even in yesterday’s trading session, the stock opened in red and declined more than 36% to close the day at $0.00600. The decline came at massive share volume of 9.33 million compared to average share volume of 2.50 million.

The buzz

So what is the reason behind the upsurge of 4Cable TV and get the limelight in last few trading sessions. Well, it is almost impossible to find out the reason behind the strong momentum. The company last issued an official PR in February and its most recent filings are recorded in late May.

The only convincing part is there are no paid pumps targeting 4Cable TV stock, and so the gains are not coming on any observable triggers, which convert the massive gains into equally disastrous pullbacks.

The performance

In latest financial report for the period ending March 31, 2015, 4Cable TV International Inc (OTCMKTS:CATV) reported cash of $42,000. The current liabilities came at $894,000. The net sales in 1Q2015 stood at $112,000 while net loss amounted to $178,000. The company is no stranger to issuing toxic debt that comes at fixed percentile discounts.

The latest financial reports highlight various developments in section of convertible debt. The section has names of various toxic financiers including JMJ Financial, Typenex and LG Capital. As per the report, the conversion discounts which company furnished to the financiers who lent the money in the past six months was 45% of the lowest closing share price various days prior to conversion.