This was on smallcapnetwork.com today; Applicatio

This was on smallcapnetwork.com today;

Applications, Inc (OTCMKTS: BLAP) , TGFIN Holdings Inc (OTCMKTS: TGFN) and Data Call Technologies, Inc (OTCMKTS: DCLT) were getting some extra attention last week. Specifically, two of these stocks have been the subject of paid promotions while the third surged 114.29% on Friday. With that in mind, here is a closer look along with a reality check on all three small cap stocks:

Blast Applications, Inc (OTCMKTS: BLAP ) Announced $10 Million in Financing Last August

Small cap Blast Applications is a marketer and developer of applications for Android, iPhone ^® , Twitter ^® Facebook ^® and Nokia with unique opportunity to monetize the web surfer's dedication to social media sites through direct advertising programs tied to the Company's tools, applications and websites. On Friday, Blast Applications rose 4.67% to $0.0157 for a market cap of $8.57 million plus BLAP is up 124.3% over the past year and down 94.6% over the past five years according to Google Finance.

What’s the Catch With Blast Applications? According to various disclosures, transactions of $10k and $15k have or will occur to mention Blast Applications in various investment newsletters. Last Tuesday, Blast Applications issued a quick investor update which noted the company has “expended its range nationally and internationally” plus they are in the process of signing a contract for the launch of Tobi Rubinstein Schneier's Reality TV show on http://www.galaxyglobaltv.com which will also be available nationally on the Dish Network on Demand - reaching 14 million subscribers. Otherwise and back in August, Blast Applications announced it had received a $10,000,000 Reserve Equity Financing Facility from AGS Capital Group, LLC, a US based private investment fund. The financing would be subject to being registered with the SEC as well as other conditions. A quick look at Blast Applications’ financials reveals revenues of $41k (most recent reported quarter), $39k, negative $68k and $113k for the past four quarters plus net losses of $49k (most recent reported quarter) and $54k, net income of $95k and a net loss of $156k. At the end of June, Blast Applications had $3k in cash to cover $1,518k in total liabilities – meaning the $10 million in financing would be a game changer.