It looks like it is only promotions that are driving the trading activity of Perla Group International, Inc. (PINK:PERL) up this month. The latest promotional newsletter came in yesterday, but the company is not very cooperative as it has issued one single press release a week ago. 
Yesterday, PERL closed the market 10% higher at $0.022 and the trading volume was only 91,756 traded shares. Despite that small number, the chart shows that it is actually high for the illiquid stock whose average volume is about 35,500. According to our newsletters database, PERL has been covered in four e-mails, the first three coming in on November 7, and the last one yesterday in the middle of the session.
The company is not registered with the SEC and has only filed a balance sheet and a profit&loss statement to the OTC Markets. According to them, PERL had $1.13 million in cash at the end of June this year, and a positive net income of over $607,000 for the first six months of the year. As for the business of PERL, the one and only available press release from last Wednesday says that the company is engaged “in the international military, police and security solutions sectors”, and has just reached a major deal for the delivery of helicopters over the next three years.
That piece of news does not sound credible given the scarce information about the company, and traders should also not rely too much on the promotions to drive PERL share price up. The previous promotion was paid with $2,500 in cash and after it the share price fell down rapidly. The new promoter from yesterday received 1,000,000 shares of PERL for the service – a huge number for the low liquidity of PERL that could have an immense effect on the share price.
