My Freightworld Technologies, Inc. (PINK:MYFT) paused yesterday, moving only 1.63% down after the over 50% rally in June.
We covered this stock at the end of May, pointing out some controversial moments around the company. But nevertheless, its fairly big earnings for a Pink Sheets player and the news for a 40% increase for the last quarter have been more convincing to investors.
Yesterday's heavy promotion, however, poses a substantial risk that the recent halt could actually be the top of the peak reached last month:
No matter how big the earnings posted in the last unaudited report and projection news about next quarter, the current promotion-repayment strategy for company is an almost sure indicator of a future sell-off...