Kaloyan Gadzhev

Lighthouse Petroleum, Inc. (PINK:LHPT) Dropped after Paid Promotion

by Kaloyan Gadzhev April 3, 2012

Since that time, there have been some developments. The company has announced the closing of a couple of deals for a participation interest in a well and the purchase of a lease. Additionally, LHPT did a reverse split earlier this year.

A press release from Mar. 13 said LHPT expected the well should begin generating revenue before the end of March, but there haven't been any further updates.

The company is publishing some reports on its activities, but the OTC Markets site has them listed with a No Information status.

6LHPT_logo.jpgApparently, there isn't enough available information to withstand the pressure of a paid pump. Traders don't seem to care about or believe the information released by LHPT, judging by the lack of tangible reaction to the company's press releases.

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