Fleet Management Solutions Inc. (PINK:FLMG) was promoted in a hardly noticeable campaign that got virtually no price or volume action out. However the fact this stock is of interest to some paying third parties might cause future stock advertising, and possibly attractive price action, as well.
WallStreetHustler.com and BreakingBulls.com openly disclosed they have been paid to notify about FLMG’s supposed potential. Only $7 thousand dollars were spent on these campaigns, thus pointing out a couple possibilities. Either the interested parties held a small position that required additional liquidity to close, or the promoters simply failed to create a price rally this time and additional advertising will come in the future.
Fleet Management issued news along the promotions, so the management could be involved as well, trying to raise investors’ awareness through these questionable methods.[BANNER]
The news announced a grand opening of a new Peugeot dealership and service center. The similar news on opening has already been issued on November 22 though, making this look merely as a reminder to investors.
The business struggles on the verge of profitability, but is seriously held back by very low profit margins. The absence of audited reports filed with the SEC is another issue that keeps investors at bay.
