Lately, chart position of American Liberty Petroleum Corp. (OTC:OREO
, OREO message board
) has been rather unstable. Last Friday, the stock price
froze at $1.37 per share, while traded volume of OREO substantially decreased.
However, what is more interesting here is the fact that the price hesitations happen despite regular promotions.
The records show that OREO has been constantly promoted over the past few months and the compensation for this month already totaled $34,500. Today the promotions continue and everyone is curious which way will take OREO this time.
Apart from the promotional strategy, there is nothing worth to mention about American Liberty at this point. The company has not released any news on its business and no one has a clue about its current operations.
American Liberty is focused on the acquisition, drilling and production of oil and natural gas properties and prospects. Last month, OREO filed its quarterly report, however, it was not as encouraging as promotions.
According to the 10-Q, the company has not generated any revenue at all and its cash and cash equivalents pointed zero. In addition, OREO closed the fiscal year ended Oct. 31, 2011 with a net loss of $415 thousand, which was not covered.
And while the losses continue, American Liberty keeps relying on promotions as the company has nothing else to provoke investors' attention with.