Peoplestring Corp. (OTC:PLPE) got the climb. Yesterday, the stock closed the day with a 2.74% price jump, while keeping its 
traded volume high.
The company looks determined to continue moving up in the next days, especially when considering the actual reason for the gain. Namely, promotions and news.
PLPE got massively promoted yesterday and the campaign is still on. The compensation for the alerts totaled $10,000 by now and apparently Peoplestring keeps pumping up its stock price today.
Though, it is not only promotions that support PLPE. Over the past days, the company has been releasing good news on its business in order to inspire investors.
The latest one reported that Peoplestring has already launched its mobile platform to access local deals on Internet. The announcement was first published last Friday, and today it came out repeatedly as an 8-K form filed with the SEC.
Whether the news will influence PLPE stock price once again, is just about to be seen. In any case, this time it is additionally supported by promotions.[BANNER]
In the meantime, the unexplainable high trading activity with the company’s shares continues. Over the past few months, its chief officers have been massively buying PLPE shares with no particular reason.
According to its last 10-Q report, PeopleString’s operating and capital requirements have exceeded its cash flow from operations. However, the management still believes that its current cash balance is sufficient to fund the minimum level of operations for the next twelve months. Though, PLPE will need additional equity financing and/or debt financing after this period of time.
