These days shares of Kore Nutrition Inc (OTC:KORE) are presenting an unusual activity.
While there are no official company’s disclosures or news, looks like a magic “pick-me-up formula” fueled up the price of KORE stock.
Yesterday, although the slight pull back of shares price of 7.41% on a daily basis, within the trading session, the price of KORE almost tripled, like to show its potential for gain.
If we return in time to the end of the last summer, looking at the price chart of KORE we would see the worth of almost $1 KORE.
Then, not a magic “pick-me-up formula”, but a pragmatic stock promotion campaign raised the shares price to immeasurable heights.
Immediately after the strong investor awareness campaign and continually months after the event, KORE was rolling down, like being energized to do it.
At the end of last year, the company announced its plans to develop new products and to work with beverage science. Parallel to company’s intentions from those days were some suggestions about a possible cash shortage of KORE. The company also reported a deficit of $12.5 million, accumulated over three years.
Maybe, these realities convinced investors, that shares of the developing Kore Nutrition Inc are worth less, than they were worth during the euphoria of the stock promotion.[BANNER]
Finally, as in a tale with a happy ending, the strong downtrend was broken amid February.
The only fact that still remains that the story is unfinished is that the turning point for the continuous poor performance of landed at the bottom KORE stock came with no any company’s news and disclosures done about some meaningful events.
At present, even the energizing stock alerts are not seen going about KORE.
The speculative interest on company’s shares, as of yesterday was also modest.
Maybe, in the nearest future Kore Nutrition Inc will release some new “pick-me-up formula”, which will not be related only with a stock promotion, but with a new product development.
