Looking at the chart of Left Behind Games Inc (PINK:LFBG), investors can see that a conspicuously higher volume bar had appeared on yesterday’s session. In fact, 195 million hares of LFBG common stock were traded for the day. 36 million of those shares were part of the short volume, which is 18% of the total volume. The share price jumped 20% to $0.0006.
Apparently, there was something which stirred the market about LFBG stock. However, there hasn’t been any news about the company recently nor were there any promotions.
The only obvious factor for the stock surge appears to be the 8-K which was filed yesterday. The report didn’t contain any significant news, but instead it was something like a confession by Troy Lyndon, the company’s CEO. [BANNER]
The CEO delineates a couple of ordeals which stand before the company mostly due to the government policy, but still finishes with a positive note, expressing his faith in a brighter future for the company. Possibly, this revelations have won a couple of faithful investors, even though the CEO admitted that LFBG was “unable to pay important vendors which is expected to result in significantly less sales this next year”.
