Pervasip Corp. (PINK:PVSP) was a promotional venue yesterday. The company came in the focus of two promoters who made some efforts to enhance the trading during the day.
The outcome was not much impressive for a promotion. In aggregate, 6.5 million shares changes hands during the day, which is not much higher than the daily average of 4 million shares. The stock price also pushed up 5% to $0.0589. Although this percentage gain could be a huge strike on the major exchanges, on the small cap markets it is not very outstanding, especially for a promoted stock.
The two promoters who gave a helping hand to PVSP yesterday were 007 Stock Chat and OTC Advisors. Only 007 Stock revealed their compensation, while neither one revealed the name of the campaign’s sponsor.
007 Stock Chat had charged $5 thousand for the newsletters on PVSP. This promoter has led 39 campaigns so far this year and receives $5 thousand as an average compensation. The promotional statistics for 007 Stock Chat are as follows:
- 37% average intraday high
- $380 thousand average volume per promotion.
The other promoter is less active on promotions as compared to 007 Stock Chat. OTC Advisors have led 11 promotional campaigns this year and also receive $5 thousand as average compensation. As far as promotional statistics are concerned, this promoter lag behind the first one:
- 7% average intraday high
- $15 thousand average dollar volume
Essentially, PVSP didn’t justify the expectations of 007 Stock Chat that PVSP would break the $0.11 resistance. The stock barely reached $0.08 as intraday high and finished lower at $0.06. It is now unclear what will happen with PVSP stock after the effect of the promotion wears off.
