PTS, Inc. (PINK:PTSH) delivered a rather poor market performance yesterday, considering the company issued a press release and the stock was promoted.
Yesterday, PTSH managed to close up 21.85% at $0.0329 with 220 thousand shares changing hands, but all trading of PTSH shares was done before noon.
Shortly before the close on Tuesday, the company announced it had signed an agreement with a “(possibly ranked as) #1 pallet distribution company in the UK and Europe.”[BANNER]
The press release had no market response on the day whatsoever. If that may be contributed to the late time of the release, yesterday’s trading has very few explanations, none of which positive for PTSH.
Yesterday, PTSH stock was promoted in a massive campaign and people had had enough time to read the press release. But, as already stated, there was active trading only in the morning.
There are some reasons for traders to be careful how they play PTSH. The company announced the completion of the merger with Navistar Logistics back on Oct. 10, but there is still no financial report to show the situation of Navistar.
Actually, there is no report of any kind filed recently. PTSH still has the “no information” stop sign at OTCMarkets. If PTSH is indeed in a good situation it should, perhaps, think about providing some documents to convince traders.
