Nikron Technologies, Inc. (PINK:NKRN) is mentioned in a number of paid promotions again. At least one came after the close yesterday.
At the end of the session NKRN closed up 30.67% at $0.196 per share. The volume reached 1.7 million – high above the average of 27 thousand.
There are at least three promoters paid to pump NKRN. One was compensated $25 thousand, another one – $32 thousand, and the third – $50 thousand.[BANNER]
In addition to the promotions, and probably the initial catalyst for the performance, the company issued a press release yesterday.
The company claims it has developed “cutting edge technology” which eliminates the costs and uncertainties associated with exploration and drilling.
If what the company says turns out to be true, it could be a big break, but traders should keep in mind that at this point very little is known about how well that technology would work and it’s still being tested.
If it doesn’t prove to be the big discovery NKRN claims it is, the company doesn’t really have much. It has been losing money and its financial state is anything but good.
