Fortune Oil & Gas Inc (PINK:FOGC) keeps on getting covered by expensive promotional campaigns while its stock is stubbornly rolling down the hill.
Yesterday, another promotional wave hit the market, this time for a compensation of $539 thousand. At this point, it is high time investors answered a very important question – How is it possible that millions of dollars can be put in an advertising campaign for a company which has only $100 thousand in assets and hasn’t reached a production point yet?
FOGC and its shareholders would have been much better off if the riches squandered on the promotion had been invested in the company instead. If the promoters are so convinced in the opportunities provided by the company, wouldn’t it be wiser to invest the money in the company, thus helping its operations?[BANNER]
If fact, the promotional database of Hotstocked shows that more than $1 million were spent on advertising programs of FOGC this month, which is ten times higher than the company’s assets.
And while the promotions of FOGC are still flooding the market, the company’s share price keeps sliding down, frustrating all those who were attracted by the campaign.
Yesterday, FOGC published a press release concerning the potential of the silver claims in BC, Canada. However, it is not clear whether the announcement was made in order to support the coming promotion, or to encourage the frustrated investors.
