First Liberty Power Corp (OTC:FLPC) has been on the progressive move since last Friday. Yesterday, the climb continued and 
the stock soared another 18.18% on an increasing traded volume. So, what’s next today?
It looks like there is a great chance for FLPC to hold the gain for longer. Apparently, the main factors for pumping up the stock price are promotions and news.
The campaign was held yesterday when FLPC got promoted by a few promoters for a total compensation of $52,000. Though, it was not only the promotions that pumped up the stock price.
Again yesterday, First Liberty released an update on the lithium sector to attract investors’ attention. The positive projections for the company’s future may certainly support FLPC stock price, though it is yet to be seen.
In any case, it is obvious that promotions are a well-known PR strategy for the company and it has been successfully used before. In end-October, FLPC stock price jumped up on promotions again, however, the climb did not last much long.
Last month, First Liberty filed its annual results. Though, these did not encourage investors at all.[BANNER]
As an exploration stage company, FLPC has had no revenues for the period since inception (May 28, 2007) through July 31, 2011. Besides, the company expects to incur substantial costs while undertaking exploration work on its properties.
Accordingly, FLPC will require additional funds to implement its development programs, and to meet the other pending obligations. However, any equity or debt financing may result in further dilution of the equity ownership of FLPC.
