It has been an interesting start of the week for mPhase Technologies Inc.(OTC:XDSL). A Monday of “Check out the news just release for our latest profile!!” At least ten paid ones hit mailboxes yesterday around noon. Yet, the $0.01 level is still to be reached again. 
So, as mentioned, Equity AG paid a good deal of money to promoters yesterday to bombard mailboxes. A main topic – the shareholding meeting of mPhase this Wednesday. Particularly the part of it when the company would present a prototype of nanobattery utilizing smart surfaces material. Actually, the promotions in question could be considered a sort of support for the press release yesterday, covering the same topic. Apparently, catalysts not able to breach the penny level limit. Otherwise, it is good news. So far, a lot of information has been coming out from the company about its nanobattery technology, yet, the only product was an expensive flashlight, called the “Emergency Illuminator”.
In terms, having in mind the balance sheet of the company with more than 190 million in accumulated deficit, it might be high time for real evidence to be presented that mPhase is capable of bringing value to shareholders. Otherwise, things are not looking so good on a broader scale. Although vivid activity is not unusual for this company, its stock has not seen levels above $0.30 per share in the last years. In fact, this stock has been gravitating around $0.01 for quite some time now. [BANNER]
In this aspect, the paid promotions might have an affect that is short-lived, as usual. The shareholder meeting on Wednesday, however, might have a lasting effect on the way the company stock would perform at least in the near future. Whether it would be positive or negative is a question yet to find its answer.
