Scorpex Inc. (PINK:SRPX) broke the up move at once. On Friday, the stock lost 1.67% of its price and its traded volume 
decreased. However, it is not the end of the story yet.
Obviously, Scorpex is eager to get back on track as soon as possible, trying to pump up its stock position by promotions and news.
The massive campaign was held this Saturday, when a number of alerts spread out the latest news by SRPX. The announcement itself came up on Friday, reporting that Scorpex has tripled its equipment contract with International Environmental Technologies, Inc. to $90 million dollars.
The promotions, accompanied by the positive news certainly give a chance to SRPX to get back on track and the result should be seen shortly.
Scorpex, Inc. is developing its first toxic and hazardous waste storage, treatment, and disposal site near Ensenada, Mexico. In end-November, the company filed its quarterly results, which however, were not encouraging at all.[BANNER]
As of September 30, SRPX still had some cash on hand, though its net sales pointed $nil and the company’s liabilities were not covered. At the same time, the accumulated deficit got almost $17 million and the report was full of losses and risk factors.
Scorpex intends to raise additional operating funds through equity and/or debt offerings, though all the above-mentioned raises substantial doubt about the company’s future opeartions.
