The promotional campaign for Cleantech Transit, Inc. (OTC:CLNO) stock keeps running this month as well, though yesterday the share price dropped further down below the 20 cents support. In the meantime, the company added one more member of promoter Crown Equity Holdings Inc. to its Board of Directors.
Yesterday CLNO closed the market with a 5% loss in value from the previous close. During the session the share price fell down to $0.16 and then settled at $0.19 at the end of trading. Volume exceeded 77,700 shares, which can be considered insubstantial as it is less than half of the daily average. Though, the volume might get much higher today, due to the latest promo mails from the 12-month campaign booked by the company itself. They have been sent yesterday evening and are meant to secure intensive trading today.
Meanwhile, CLNO keeps “updating” its current and potential shareholders about the works on its projects. A few days ago, the latest PR said that the company has two additional projects for 1 MW biomass gasification facilities each, enough to supply with electricity 800 homes and process heat to be used in drying agricultural products. CLNO stated that these projects are expected to complete by the end of next year, and finally the company promised more news in the coming weeks.
Although that last update did sound like providing any real news, maybe today’s session will give some first signals if the PR+promotions strategy will work out again. Meanwhile, at the end of May Cleantech Transit filed an 8-k according to which the company has appointed one more new Director to its Board. His name is Kenneth Bosket and he is at present President and CEO of CLNO, and also President and CEO of the promoting company Crown Equity Holdings Inc. (OTC:CRWE).
