On Thursday and Friday, Innovative Product Opportunities, Inc. (OTC:IPRU) issued press releases which had virtually no positive effect on the market performance. Today, the stock has a promotion to back it up.
To be accurate, Friday’s press release came out about 30 minutes before the close, and there wasn’t a lot of time to react, although if a trader is following a stock half an hour is plenty of time.
IPRU closed up 0.96% at $0.021 with just 15 thousand shares traded, all of them in one trade around noon.[BANNER]
Both releases were about a license agreement with Cigar & Spirits Magazine. Through the agreement IPRU gained the right to market the products of the magazine. The Thursday release actually resulted in a 16.13% drop.
The latest quarterly report isn’t much use for traders and investors, because it doesn’t show current relevant information about the actual financial status of IPRU.
Today, things may be different as $25 thousand is a decent compensation. Apart from the promotion, however, there are a lot of unknowns around IPRU. On the other hand, room for speculation often helps promotions. We will see the results soon.
