OXIS International, Inc. (OTCMKTS:OXIS) Generating Gains

[[tagnumber 0]][[tagnumber 1]]Lately we have seen quite a lot of action from OXIS International, Inc. (OTCMKTS:OXIS). After a long period of closing in the red we see that the ticker has gone on quite the impressive upward run that has added a lot of value to the company stock.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This is rather strange, considering the fact that the company is not doing very well and it is not following in the path that previous press releases have suggested. First, however, we should look at the company financial state so we can better understand where [[tagnumber 6]]OXIS[[tagnumber 7]] is headed.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $125 thousand[[tagnumber 13]] [[tagnumber 12]]current assets: $127 thousand[[tagnumber 13]] [[tagnumber 12]]current liabilities: $21.58 MILLION[[tagnumber 13]] [[tagnumber 12]]quarterly revenues: $20 thousand[[tagnumber 13]] [[tagnumber 12]]quarterly net loss: $26.86 MILLION[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Those are surely some ugly numbers, but that isn’t all the trouble that you might come upon when looking at [[tagnumber 6]]OXIS.[[tagnumber 7]] The company has reached its authorized share count long ago. There are 600 million outstanding shares out of 600 million authorized shares as of April 23, 2015.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]As we have previously discussed the matter we mentioned that the company submitted a Schedule 14C Information Statement that announced the authorization of a reverse split that would be between the ratio of 1–for–50 and 1–for–250. The statement was filed back on May 19 and we still haven’t seen a split performed.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Given the fact that the company management was keen on that happening in order to meet minimum bid requirements for a NASDAQ uplisting it seems that things aren’t going exactly as planned.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Meanwhile, the company keeps issuing optimistic PR that has managed to push the ticker up in recent sessions. After another 6.52% gain in yesterday we saw [[tagnumber 6]]OXIS[[tagnumber 7]] close at $0.0245 with a total of 5.4 million traded shares and a daily dollar volume of $126 thousand.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]It seems, however, that the ticker is losing its momentum in the past few sessions and we see [[tagnumber 6]]OXIS[[tagnumber 7]] 7.76% down as of the writing of this article. Doing your due diligence and weighing out the risks before making any bets on the stock is absolutely crucial.[[tagnumber 2]]