The shares of Uniontown Energy Inc. (OTC:UTOG) spiked 7.87% to $0.96 yesterday. At the same time, the volume reached 830 thousand, which is more than ten times the average.

The reason behind the unusual activity around UTOG cannot be justified by any of the company’s fundamentals. In fact, the recently filed annual report totally contradicts the chart pattern. [BANNER]

Until 2008 UTOG had tried its luck in the oil and gas field, but failed to become profitable. Then, from 2008 to 2009, it changed its business to security hardware and software. UTOG failed at this enterprise as well and since October 2009 it is a company with no operations.

UTOG’s frankly describes its plight in its 10-K report: “If we are unable to secure adequate capital to continue our business or alternatively, complete a merger or acquisition, our shareholders will lose some or all of their investment and our business will likely fail.”

Moreover, UTOG executed two forward splits at the end of last year, which increased the company’s authorized capital form 4.5 billion shares to 27 billion. The market cap of the company at present is more than $200 million, while its assets are only $3 thousand. In this situation, it is very surprising that the stock has been rising at a steady level since the start of 2011.

All things considered, it is obvious that UTOG will need a strong helping hand in order to get out of the mire. Until then, the only thing which can appease investors will be UTOG’s chart, where the stock price continues to rise denying all logic.

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Copper Creek Gold Corp. (CVE:CPV) (PINK:CKVLF) shot up nearly 16% on Wednesday, possibly on a delayed reaction to the recent news.

The poor liquidity stock didn’t react to the company’s announcement of an upcoming new claim acquisition. 3.8 thousand hectares property in British Columbia will be acquire from William Gary Thompson. The acquisition costs will be covered by paying $3.2 thousand in cash and issuing 300,000 common shares for 100% interest with no royalties attached.

CPV share price advance halted right at the recent resistance level of 11 cents. Trading volume was massive, nearly 16 times the average, but the price didn’t rally much more than it does on a volatile trading day.

Since the transaction mostly generates dilution for shareholders and is of unclear intrinsic value, this share price rally could quickly fade away. Even if the company gets the property, which has not yet happened, their fundamental value won’t change until the property is proven to hold some gold.

First drilling program is contemplated to begin in summer. The assumptions of gold existence on the property come from the drilling results on neighboring Blackwater Project, which is 7 kilometers away. Richfield Ventures Corp., operating on Blackwater property, found 2.04 g/t mineralization over 205 m. as they announced in January this year.

Copper Creek is in position to carry out a drilling program. They should have around $1.8 million in liquid capital including the proceeds from the most recent funding round that are not yet reflected on the balance sheet. However, the value of the property is questionable, as well as the market value of Copper Creek themselves.

The net tangible would roughly calculate to $2.4 million, with no revenues whatsoever. Copper Creek doesn’t really justify the current market cap of $9.8 million and should trade at least at half the current price considering their situation.

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The agreement addresses Medipattern’s B-CAD breast ultrasound imaging computer aided detection (CAD) product. The device was integrated in TomTec’s Image-Arena Platform Suite and will be presented in the upcoming European Congress of Radiology in Austria on March 3 to 7, 2011.

TomTec is an internationally operating maker of ultrasound applications and image analysis technology. This cooperation should help increase the market recognition of Medipattern’s debuting product.

MKI presented several surprises in the recent few weeks. The share price remains inflated by the recent FDA approval of Medipattern’s Visualize:Vascular and the $3 million financing deal secured shortly afterwards. Successful debut of yet another product could have an immense impact on their market valuation.

Not only the company is getting their products out in the market, but they have somewhat strengthened their financial position, which by far remains the main pessimism inducing aspect of MKI business.

The latest funding round should be met with a dose of skepticism as well. Even though the situation is getting better for MKI and investors should be aware of the long term prospects, the means of funding could cause harm as well. Convertible notes have the potential to cause dilution, which should be noted when the conversion price is 16% lower than the current market price for the stock.

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Since CyberDefender Corporation (NASDAQ:CYDE) announced its third quarter results, the stock has started sinking down. In more than a month, CYDE went from $3.29 to $2.27, i.e. more than 30% down. What news has managed to affect the price so drastically?

The first day when the stock started losing its price was December 21, 2010, when CYDE announced its Q3 results. Although the company increased gross sales by 178% for the quarter ending September 2010, loss from operations rocketed from 3,9 million dollars to 10,6 million dollars, which is 171% up. It looks like investors started to get concern about the situation in the company and decided to stay on the safe side.[BANNER]

For now, we are still waiting for the Q4 and the annual financial results. Maybe it will be the only way to recover what CYDE has already lost. However, the provider of Internet security software, utilities and Live PC Support services might also get its good name among investors by dealing with the most dangerous malware, such as rogue anti-spyware soft Personal Internet Security 2011, which has recently been thrown to the web (be sure that you remove this threat by following the instructions provided).

Just imagine that a company like this suggests its products, and is able to help clients who are ready to pay money for fixing their machines. This way, the company would not only earn more money but would also give a good name to its prestige among investors. If quarterly and annual results don’t affect the stock price, maybe Personal Internet Security 2011 will.

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Yesterday evening, a couple of days before the company’s conference call some stock promoters made the known steps to secure some hot hot trading sessions for True 2 Beauty Inc. (PINK:TRTB) shares. The stock got recommended for inclusion in traders’ watch lists for today, in exchange for a decent one time fee paid by the same third party that paid for last October’s promotions.

Yesterday, TRTB already made a substantial jump up in the share price, closing at $0.294, or 13.08% higher than on Tuesday. As the stock was featured in the alerts of a well-known promoter, it seems likely that some additional demand appears on the market today to boost yesterday’s volume of around half a million shares much higher. Bullish MACD crossover and RSI going up may attract investors from the technical side and on the short-term, but as the alerts already suggest, more is not to be pointed out in favor of TRTB stock.

The promoters got a fee of $13,000 for a one time alert, and the paying third party has paid last year a total of $26,000 for TRTB advertising services.

True 2 Beauty does not have any recent financial reports since the one for the three months ended July 2010, and it seems like only the company’s press releases serve as a source of information about the raised $1 million in a private placement last year, and about the first $1.3 order from a distribution partner announced this year. Moreover, it seems like the company does not even intend to provide any financial and operating data to the SEC. In September last year, True 2 Beauty terminated its registration with the commission and is no longer required to file regular reports.

Still, some expectations can be build. Assuming the company has never had any revenues since its inception in 2006, nor any assets that could produce revenues, it becomes evident that TRTB activities in the past years have been mostly the raising of funds over private placements and loans. Under such circumstances, it does not seem reasonable what makes traders believe that the situation may change in the near future to justify the over $23 million market valuation for the company.

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