Apps Genius Corp. (OTC:APGS) is climbing up again. Yesterday, the stock soared 12.27% and its traded volume totaled over 
2 million shares for the day.
Judging by the last news on the company and the latest promotion, it’s no wonder that APGS is on the move again. On the contrary, it’s completely understandable.
On April 26, Apps reported that it was planning to launch the website GetFunded.com, preparing to launch Crowdfunding site for entrepreneurs.
Despite the positive news, APGS failed to climb higher, though the company had another way of pumping up its stock. Namely, by promotions.
The huge campaign was held yesterday, when APGS got promoted by numerous promoters for a compensation of 1M restricted trading shares.
In fact, promotions have been a well-known strategy for Apps and the company has used it a number of times before. Nevertheless, the previous campaigns didn’t amount to anything more than short spikes followed by new lows.[BANNER]
Apps Genius Corp. develops markets, publishes and distributes social games and software applications that consumers can use on a variety of platforms. Since inception, APGS has managed to generate very limited revenues, nowhere near enough to finance its operations, let alone growth.
In February this year, the company entered into a securities purchase agreement which should have given APGS about $900 thousand. Though, it seems that everything the company pays for are promotions.
However, while Apps keeps issuing shares of its common stock, the management claims that the lack of additional financing may lead to curtail the company’s business plans and possibly cease operations.
