AvWorks Aviation Corp. (PINK:SPLI
) is pushed by yet another paid promoter for today
. Despite all the promotional efforts, SPLI has been losing value for the past four months.
On Monday SPLI announced some financing to cover the expenses for reporting with the SEC. The news brought down SPLI another 27%, followed by 15.13% yesterday for a close at $0.0101.
The new promoter disclosed a $5 thousand compensation. This is significantly less than previous promotions for SPLI which had very little success, if any at all.
The promoter suggests SPLI may be on its way to a reversal, although there isn't much to support such an idea.
The financial results for the fourth quarter of 2011 and the year aren't filed yet, so traders have only the promotions, and press releases to go on.
Barring some dramatic new development, the $5 thousand promotion may prove insufficient to produce a particularly good session for SPLI.