Augme Technologies, Inc. (OTCBB:AUGT) Nudges Upwards

[[tagnumber 0]]Just before the weekend the stock of Augme Technologies, Inc. (OTCBB:AUGT) managed to put a little something to their value and rose to $0.306. Although the climb is of just 9%, it showed that investors aren‘t leaving the ticker which was further reinforced by the traded volume of 1.3 million shares. [[tagnumber 1]]This close in the green has an even greater significance because it comes right after the horrendous session that took place on Thursday. Back then AUGT lost a third of its value after taking a plunge right from the opening bell. The massive selling that happened resulted in more than 3 million shares changing owners. If the ticker is able to rally and attempt a return to the price levels of $0.35 remains to be seen but in early trading today the stock is 1.3% up.[[tagnumber 2]] [[tagnumber 1]]A positive sign for investors should be the fact that only 71 500 shares were issued during the last fiscal quarter. AUGT‘s other financial results for the period ending May 31 were:[[tagnumber 2]] [[tagnumber 5]] [[tagnumber 6]]$1.4 million cash[[tagnumber 7]] [[tagnumber 6]]$7.4 million total current assets[[tagnumber 7]] [[tagnumber 6]]$8.5 million total current liabilities[[tagnumber 7]] [[tagnumber 6]]$5.8 million revenues[[tagnumber 7]] [[tagnumber 6]]$6 million net loss[[tagnumber 7]] [[tagnumber 16]] [[tagnumber 1]]These numbers clearly show where some of the concerns about the company stem from. AUGT are generating increased revenues with the current sum representing a 16% increase compared to the same period last fiscal year. The major problem though is that cost for obtaining those revenues are increasing in even greater amounts – 34% compared to the same period last year, despite the company‘s efforts to reduce overheads and overall expenses. The accrued net loss is also impossible to disregard when it is bigger then the gross revenues. Not to mention the total accumulated deficit has reached the staggering $117 million.[[tagnumber 2]] [[tagnumber 1]]Not everything is so bleak though. The first quarter is traditionally slower than the rest and an improvement in the fundamentals is to expected. Now that AUGT are going to focus more on their business operations and less on patent infringement lawsuits [[tagnumber 20]]they are projecting better year–end results by 30%. Traders should be relieved to know that for now we have received only one email touting them and it is dated September, 2011.[[tagnumber 2]] [[tagnumber 1]]Another company that had a dramatic Friday session was Premier Brands, Inc. f/k/a Tracksoft Systems Inc (OTCMKTS:BRND). They wiped out a quarter of their value after surging by more than 290% on the previous day. Investors should be careful when trading pump stocks especially when the pennystock company is using famous celebrities – in this case it was Denis Rodman‘s Bad Boy Vodka. Arch Therapeutics Inc (OTCBB:ARTH) joined in the club of losers when they dropped by 15%. The company is currently undergoing a widespread pump campaign that has a working budget of the whopping $3 million.[[tagnumber 2]]