Kaloyan Gadzhev

Onteco Corp. (PINK:ONTC) Still Sinking, Can a Promotion Help?

by Kaloyan Gadzhev March 14, 2012

Promotions often cause market movements, but in the case of ONTC it may be a bit more difficult than usual.

Taking into account the reverse split from January, ONTC has managed to hit rock bottom, artificially swim back up, and dive further - effectively hurting shareholders more than it would be possible without the split.

8ONTC_logo.jpgThere is still a real chance the promotion could get at least a positive start of today's session, especially if the company backs it up with some positive press release. Looking beyond, however, ONTC will need something really substantial to get itself turned around.

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