Airprotek International, Inc. (PINK:APKN) shares have not been traded this year, prior to last Wednesday, when both the volume and the share price suddenly exploded. On Thursday, a press release followed, announcing that the company is planning a merger, and on Friday the stock got also a paid promotion.
After the two days in which the share price multiplied, Friday’s session closed at $0.10 for a share with a total trading volume of 12,000 shares, all traded early in the morning. No change in the share price from the previous session close occurred, although APKN got a paid mid-day promotion during the session. Our database shows the alert was compensated with $5,000.
It looks like the news that preceded the advertising e-mail had for now already exhausted APKN potential to grow, however. Two press releases on a planned merger of the company came out on Wednesday and Thursday last week, announcing that the merger candidate of Airprotek International is a transportation company named Starbase Global Logistics. No concrete details or facts about this company have been mentioned though, but according to the press release a definitive agreement should be reached by the end of August.
Airprotek International has the red “No Information” status on the OTC Markets homepage, which should already switch the red light on for the trading of that company’s stock. Apart from the above mentioned press releases, there is one single financial report of APKN available in the SEC database. It shows that the only thing the company had as of September 30, 2010 was its capital stock, consisting at that time of 35,050,791 issued and outstanding shares of common stock.