Last night another promotional e-mail for FrogAds, Inc. (OTC:FROG) stock was added to the promotion from February 2, while the company issued the next in row press release. It is yet to see if that new promotional wave will move the share price out of the trading channel.
Yesterday, FROG closed with an 11.11% increase in its share price at $0.30 for a share. The trading volume was the highest since the stock is trading on the market with 2.98 million traded shares in a day. Yet, since the middle of January FROG is trading within a lower trading range, and if the share price jumps up again today on the long-term promotions alone would not be enough.
Our newsletters database shows that the total compensation paid for the advertising of FROG this month is now $45,000, including the new email from last night. Also, the recent promotional record of the company shows that it is only one third party that is paying for all of the promotions.
Moreover, that same third party has also paid $14,000 for the analyst research report on FROG that was announced in mid-January and gave the stock a price target of $1.38 per share. Most likely, it is a large shareholder of the company interested in an immediate positive share price response, which suggests what traders should expect in the following days if FROG surges up today.
In its press release from yesterday, FrogAds announced a new platform for its website that would allow other companies connect with each other free of charge. The question is, if that is the idea that would justify FROG market value of $27 million, given that the company has now tangible assets for $53,000 and no established revenue source.
