Vanity Events Hing Inc. (OTC:VAEV) is going to be one of the major promotional plays in the coming session today. The company got featured in a paid newsletter yesterday after 8 p.m.
The campaign was led by OTC Picks, who can boast with a total of 170 promotions this year. This promoter generates an average intraday high of 7.7% and an average dollar volume of $50 thousand per promotion.
The third party, which provided the money for the campaign, was not disclosed in the newsletter. Nevertheless, OTC Picks didn’t hide that they received $8 thousand for the campaign.
Another thing visible form the Hotstocked database is that VAEV hasn’t been promoted since January this year. This fact can alleviate the current promotion as there is a low probability that there are many bag holders from the last promotion.
In fact, the last promotion is still visible on the stock chart with a long black candle with even bigger shadows. Since then the stock value has been steadily declining and last month VAEV was at the brink of entering the triple zeros area.
In the last session, though, VAEV stock made a serious jump and practically doubled its value as compared to the previous close. On a volume of nearly 4 million shares, VAEV stock surged 100% to $0.022, after hitting an intraday high at $0.0035.
It seems that the increased trading activity was induced by the recently filed 8-K, which announced a securities purchase agreement with Thalia Woods Management. Today, however, it is the promotion that will have the major influence on the stock. Therefore, investors can also expect higher activity if the newsletter works well, but for the same reason there can be a serious price fluctuation as well.
