Marilynjean Interactive Inc (OTCMKTS:MJMI) Still Going Up

[[tagnumber 0]][[tagnumber 1]]We have seen some impressive performance from Marilynjean Interactive Inc (OTCMKTS:MJMI) lately. The ticker has been vigorously climbing the charts for more than a month now and has reached some serious heights.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]It appears that no paid promoters are involved in the ticker’s ascent, but can [[tagnumber 6]]MJMI[[tagnumber 7]] keep the gains that it has made. In order to answer that question we must first take a look at the balance sheet of the company. Here are just some of the numbers of prime interest contained in [[tagnumber 6]]MJMI’s[[tagnumber 7]] report for the second quarter of the year.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 13]] [[tagnumber 14]]cash: $5.5 thousand[[tagnumber 15]] [[tagnumber 14]]current assets: $7.8 thousand[[tagnumber 15]] [[tagnumber 14]]total liabilities: $198 thousand[[tagnumber 15]] [[tagnumber 14]]revenues: ZERO[[tagnumber 15]] [[tagnumber 14]]net income: $1.6 thousand[[tagnumber 15]] [[tagnumber 24]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Those surely look quite depressing, however, the company stock has managed to do pretty well. After Friday’s 14.89% gain we saw the ticker climb all the way to $2.70 while a total of 38 thousand traded shares generated $96 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Reaching such prices has set the market cap of [[tagnumber 6]]MJMI[[tagnumber 7]] well above $450 million, a figure that is hardly supported by the numbers that we see in the company’s balance sheets. What is even more worrying is the fact that the upward climb is based on no concrete news, only on PR concerning “discussions”.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Still, this isn’t stopping [[tagnumber 6]]MJMI[[tagnumber 7]] from starting this week pretty well. The ticker managed to climb above the $3 per share mark in early trading, but dropped slightly. It is still in the green, but is definitely starting to show some hesitation, which is quite alarming considering the massive correction that we might expect from such a bloated market cap.[[tagnumber 2]]