CPOW jumped 27.20% from the previous day and closed at $0.21 on a trading volume of 22.68 million shares. Yesterday the share price noted another subsequent new 52-week high at $0.22, and on the following news it looks like the potential for more trading gains is still there. Clean Power announced in its latest press release yesterday afternoon that it has created the ‘Spirit of Health’ brand under which it will launch a new line of natural consumer products, this being the company’s next step towards diversification of the health products portfolio.
As we previously reported, the company is short of cash to implement its plans and to pay out its debts, but the promotions that got disclosed last Friday and the constantly coming out news have created the publicity for CPOW share price to rise furiously and to triple its value in that short term. The promoters conducting the campaign were not paid, and their alerts continued yesterday as well.
Also on Friday, Clean Power said that its subsidiary acquired the rights to a licensed technology that it plans to use in its manufacturing facility for the production of aqua feeds and animal feeds. There was no corresponding SEC filing for that considerable event, but on Monday the company filed the plans of some of its shareholders.
In the filed prospectus, CPOW is registering 536,000 common shares for resale by certain selling security holders. The company will not receive any proceeds from the sale and the shares will be offered at a price of $0.05 each, or at prevailing market prices. Strangely, after all the promotions and alerts that event seems not to have reached traders yet, or it is just considered that the amount is not huge enough to influence the price of the stock.
