Ree International Inc. (PINK:REEI) has received a promotional coverage which is going to affect the forthcoming session.
Even without the official initiation of the promotion, REEI stock had already generated much higher than the daily average volume in the last three days. During these days of heavy volume, REEI climbed up from $0.23 to $0.26 per share.
In the last trading session no change in the stock price was registered, but the generated volume still exceeded four times the daily average.
As to the promotion, it has been led by a couple of websites. Three of the promoters had sent newsletters with equal content and compensation. This group indicated a compensation of $5000 which was provided by Trinity International LLC.
The earliest newsletter on the company was different than the others though, and was spread out by the well-known Stock Psycho. This promoter indicated that he had received up to $40,000 by Trinity international for a two-day campaign on REEI.
As it seems, the REEI will enter the forthcoming session with a stimulation by a solidly paid advertising campaign. Therefore, investors may expect higher volume today but since it is not clear whose interest the ordered promotion will serve it is not clear what will happen with the share price.
