Friday - news out for Anything Technologies Media Inc. (PINK:EXMT
, EXMT message board
). Little impact on the stock market. Tuesday - paid newsletters hit mailboxes. Yet to see whether this time there would be a result.
So, the last three trading sessions were not ones of much trading activity or significant changes in the stock price. In fact, the volume was very low compared to previous months. In terms, the stock price continues to gravitate around $0.07 per share. As mentioned, there is news at hand from Friday. A press release by Anything Technologies informs about many new orders from clients coming out this June. Not much of a catalyst for anything whatsoever to happen on the stock market. Maybe, one of the reasons for another type of catalyst to step in yesterday. This time, the possibility for at least a one-day hype today is far more likely.
This Tuesday, a promotional newsletter came out, paid by a third party. The third party, as stated in the newsletter, is a shareholder of EXMT. To be specific:
"Garden State Resources NJ LLC received sixty thousand dollars and expects to receive fifty thousand dollars from a non affiliate third party shareholder of EXMT. "
So, $110k for the promotion. The question that comes to mind: What is the purpose of paying that amount? Is it brand exposure, or is something entirely different the target at hand? After all, the dollar volume on Tuesday was a little over $3k. The same for last Friday, a bit more on Thursday. Another, not less interesting comparison, arises when the balance sheet comes into place. In this case, the annual statement that just came out last week. The end-date is April 30th, 2011 and among other figures it includes the following:
$247k in total current assets;
$582k in total current liabilities;
$13.5 million in deficit;
$29k in revenues;
$1 million in net loss;
Interesting data, making the outcome of today's session even more unpredictable. One thing is for sure, though - a vivid trading session is coming for EXMT, whether it would be beneficial to shareholders is another matter entirely.