Daulton Capital Corp. (OTC:DUCP) has been falling down progressively for a couple of days. Yesterday, the stock lost the next 
12% of its price and continued the fall. However, the company didn’t give up the fight for the climb and decided to pump up its stock price by promotions.
DUCP started the campaign yesterday, heavily promoted by a bunch of websites which pointed the company as a topic of interest where the high return investments have been located. The numerous stock alerts were paid by Allan James Group and Quality Stocks LLC, who put $40.500 in total on the campaign. Today the promotions continue and the results will be seen any minute.
Historical records show that DUCP was promoted again in end-April, when the stock price jumped up again. Despite the fact that the promoters have been previously compensated by the third party Kolyse LLC, at that time there was no third party involved in the campaign. However, the identical fact about the gains appeared to be some good news by Daulton Capital released along with the promotions.
Just like the previous time, yesterday DUCP published another positive announcement on its business. According to it, the company has signed a Letter of Intent with South Pacific Connection Ltd. of Papau New Guinea to acquire a 64% working interest in the oil, gas and liquid natural gas rights of SPC’s property in PNG. DUCP stated it was expecting to close on the agreement within ten days.
Obviously, judging by the latest announcements by DUCP the good news never ends, though each time being supported by promotions. At the same time, the financial report of Daulton Corp. doesn’t look so inspiring.[BANNER]
According to the 10-Q, the company’s liabilities are much higher than its total assets, while the deficit accumulated in the development stage period has increased. Apart from these facts, the management claims that Daulton has not yet established an ongoing source of revenues sufficient to cover its operating costs and to allow it to continue as a going concern.
However, according to its new purchase agreement, Daulton will incur a total of over $3 million in capital expenditures over the next 5 years to retain the working interest of its mining claim. Besides, the company has just announced it was going to acquire new properties. The only question remains whose money DUCP will spend?
