Markray Corp. (PINK:RVBR), a tailings processing company operating in Russia, is no stranger to paid promotions, despite being relatively new to the stock market.
The result of the previous promotion wasn’t all that impressive, but at least it gave RVBR a few sessions of trading.
The promotion for today was paid for by Auto Collection Supreme Inc., a third party which may or may not have shares of RVBR. The compensation amounted to $35 thousand.[BANNER]
The last time any RVBR shares changed hands was on Sept. 28. That day, RVBR closed 10% up at $0.055 with 36,524 shares traded. It should be pointed out that actually only about 100 shares were traded at the closing price, the rest went for $0.05.
The company hasn’t filed a financial report after the Initial Company Information and Disclosure Statement on Jul. 13. The information in it pertains to May 31. According to the statement, RVBR had some $12 thousand in cash, and supposedly owned mining property and reserves for $435 million.
With virtually no official current information about the company’s state and no press releases, it is hard to say if the promotion will manage to do better than the previous one. For now, it seems traders aren’t convinced RVBR is worth a lot of attention, as demonstrated by the number of sessions with no RVBR shares traded at all.
