Ever since Gulf West Invt Pptys (PINK:GLFW) announced last Friday that it had negotiated significant debt relief on the mortgages of its properties, GLFW stock has been gaining 20% per session. The announcement was immediately backed up by a massive promotional campaign worth at least $55 thousand.As it seems, the new investor awareness program has already shown initial signs of success. Yesterday’s stock market indicators report a 20% price surge up to $0.005 per share, as well as a turnover of the staggering 7.4 million. The latter is only slightly below the all-time record of 8.5 million, which was set on Mar. 11.
Obviously, the volatility of GLFW stock has, for the last few months, been determined by promoting parties. They have turned a blind eye to the fairly shady reputation of CEO Gary Gauthier, previously covered in another GLFW article. Back then, a $12,500-worth advertising campaign literally catapulted the price of GLFW stock from $0.001 to $0.004 in the course of two sessions only. [BANNER]
However, the trade alerts on GLFW stock can hardly be doomed to success each time they pop up. For those who disbelieve, take a closer look at what happened with this stock in late-February/early-March. Therefore, investors willing to acquire interest in GLFW should not rely 100% on promoters.
According to the new agreement mentioned above, GLFW’s outstanding mortgage balance has now shrunk to $1 million, which is four times less than the amount due prior to the negotiating process. Some traders have already hailed Gauthier a hero for that. Yet, $1 million is still a decent sum of money. Moreover, GLFW managers have still failed to submit an up-to-date financial information about the company. The last quarterly report covers Q4 of 2009, while prospective 2010 financials are nowhere in sight.
