Yesterday, like Humpty Dumpty does, the Grid Petroleum Corp (OTC:GRPR
, GRPR message board
) stock sat on the wall. GRPR shares, strongly pushed by promo horses, press releases and a "King's man" report, sat on the wall with the crown of glory.
The story started classically, as it is written in the Humpty Dumpty poem, but yrsterday GRPR closed at a new 52-week high of $1.31, after trading nearly 4 times its 3 month average volume.
The development stage GRPR, in order to increase investor awareness in its stock, started a multilevel PR campaign this month.
Three tools for investor impact were forced by the company in a rush to raise capital and to achieve the published Cohen Price Index Target $ 2.26.
The first of them was a classical alert. From the beginning of the week, the golden GRPR egg was strongly recommended in free stock alerts on the Internet. GRPR is presented there, like a new client, that starts strong. There were also, plenty of hot alerts for profiting on GRPR stock, targeted to students.
Yesterday, GRPR was strongly promoted by two promoters. For the GRPR stock advertisement, they will be compensated with a total amount of forty five thousand dollars. One of promoters will be paid in cash.
The stock promotion was successful, as seen in the chart here. It is not known how successful investors that only consider stock alerts will be, when they add this to their portfolios.
The second tool used by GRPR, was the company's early morning press release from yesterday. This announcement of GRPR's financial results, developed by "Cohen Independent Research Inc.", pushed investors expectations for huge gains ahead .
The report its self was the third success for the GRPR stock rush. It presents not only future GRPR's huge revenues. It goes further, placing a floor the GRPR's Price Index Target of $2.26.
GRPR is a development stage company. As such, at present and in the near future, GRPR will report negative results from operations, negative working capital and vital need of funds.
The history knows a lot of companies, that starting and staring like GRPR, failed. Other succeeded.
Yesterday, was the debut of GRPR stock with more than million trades. And this is just the begging of a continuing investors race, since the company at the end of the last year had:
- Authorized 1,500,000,000 shares at par value of $0.001 and
- 82,042,000 common shares outstanding.
Yesterday, GRPR stock sat on a wall. The Humpty Dumpty poem continues with, "Humpty Dumpty had a great fall". This could be the result for investors, that these days were counting future profits, based only on stock promotion.