The stock of Geo Finance Corp. (PINK:GEFI) has been promoted a number of times throughout the whole month. Today’s session will also take place under the impact of the latest featuring of GEFI in a promotional newsletter. In the meantime, GEFI has already formed a bullish pattern on the chart. 
GEFI closed the session on Friday at $0.07 for a share, while the trading volume reached the highest value for the past three years with over 962,000 traded shares. The new closing price from Friday represents a 20.69% jump from the previous day, though there are more resistances set at the beginning of the month when the new promotional campaign for GEFI started.
Our newsletters database shows that most of the promotions this months have been compensated with $5,000 paid by an unknown third party. The last alert came on Saturday, thus it may affect the trading today. However, the new press release from GEFI issued on Friday has also helped the stock form three consecutive gaps up at market open although it did not announce some breakthrough development of the company.
The announcement only stated that the company would retain its old auditor MaloneBailey, LLP and that it intends to provide audited financial reports in order to get listed on the OTC Bulletin Board. A statement alone cannot be enough to make GEFI suddenly that attractive, given the company’s lack of any income or sufficient working capital.
According to the company’s latest filings, GEFI was founded in 2007 when it acquired the assets of another company established to finance and operate geothermal fields for the heating and cooling of buildings. Though, it has so far not managed to develop any geothermal collection filed, instead it signed a binding Letter of Intent to acquire a 34% interest in the oil & gas Medlin oilfield in Young County Texas. According to the filings, the property has 2 shut in production wells and one injection well on the acreage.
