Nelly Shishkova

Convenience TV Inc. (OTC:CRPZ) Flies Up Progressively

by Nelly Shishkova November 8, 2010
Convenience TV Inc. (OTC:CRPZ) started to climb up at top speed last week. On Thursday, the stock soared over 36% on the CRPZ_chart1.pngmarket and on Friday it added the next 37.50% to its price.

Along with the price jump, the volume of CRPZ exceeded 2 million shares traded and the stock got overbought.

Looks like there is only one reasonable explanation on the high trade - the stock promotions. Historical records show that last Thursday Bluewave Advisors have paid a compensation of $20 thousand to Stock Wire to promote CRPZ.

Convenience_TV_logo1.gifAccording to their website, "BlueWave Advisors is a strategic consulting firm specializing in developing and building investor awareness throughout the small cap market" and apparently their strategy was successful. Being promoted, CRPZ started the gain, but at this point no one can say how far it will go.

The latest news about Convenience TV came up on Oct 20, regarding a recent analysis that suggested a positive outlook for its Out Of Home advertising sector. Before that, the company reported new distributing agreement, however, the news couldn't make CRPZ stock price increase.

Over the past days, the share price of Convenience TV has been rising up, though, the financials of the company are disappointing. According to the results, CRPZ has no budget to maintain its operations, despite the efforts to push its stock price up.

Convenience TV generated no revenues and it has $10k in tangible assets vs. over $5 million market cap, which means that if CRPZ doesn't find a way to raise capital the expenses may be fatal for the company's future.

Comments 0

Type the characters that you see in the box (5 characters).