Days after the useless for company’s shares revival press releases for the acquisition of a gold testing trommel and a radar, managers of Alto Group Holdings Inc. (OTC:ALTO) “acquired” a new and maybe successful tool.
This tool in any way is not related to the drilling and gold testing activities that should be made by the company in the nearest future.
Today, the really efficient tool, a stock promotion trommel, spins dizzily and makes gold out of the shares of Alto Group Holdings Inc.
More than two months after the last stock promotion, ALTO was swirling at the bottom with no visible signals for a change, up to the start of today’s trading session.
Today, a stock promoter will make an attempt to rush the stock with no guarantee that the upward direction of the shares will continue for a long time, since it will be caused by the artificial respiration by the valued at fifteen thousand dollars one-day stock promotion.
Still, there is hope that ALTO will go green and gold not only for a day time. As disclosed by the promoter “Bulish me”, the expected additional thirty thousand dollars for an additional 2-day awareness campaign are convincing that ALTO maybe be supported this week even by investors with a speculative mood.
If last year not paid promotions for ALTO made the share price bounce up to the sky, now it is hard to say what will be result of this year’s well-paid promo trommel. The most “bulish.me” part of the ongoing promotion is that ALTO is presented as a pick with a “valuations over $2 billion!”.
At the same time, the last company’s financials show that at the end of last August ALTO had cash and cash equivalents of $33K. As seen, this amount is less than the budget of the stock promotion campaign, which will be covered by a third party. At the same time, up to now the company has no announcements related to funds raising.
The only news and developments related to ALTO’s value in billions are these affiliated with the company’s number of shares increase. At the end of the last month, Alto Group Holdings Inc. increased the number of its authorized shares from 200 million to 350 million.[BANNER]
According to the last SEC filings, it looks like the above “modest” number of shares will not be enough to ALTO for maintaining operations and acquisitions.
In the short time of less than two months, ALTO made two deals, both paid with shares. 20 million were issued to convert some company’s debt. Another ten million shares of the company’s restricted stock were issued to the prior owner of Liberty in exchange for all of the membership units for the famous Liberty deal.
