Poised to surge on promotional and shorting practices, A5 Laboratories Inc (OTC:AFLB) stock is pulling back in order to accumulate power for its next jump.
After being promoted plenty of times in August, AFLB stock promotions resumed since this Tuesday.
During the stock promotion at the beginning of this August, the company compensated one of promoter $400,000 for its advertising efforts.
For the latest promotion, Capital Financial Media will cover the ninety-five thousand dollars promotional budget on behalf of A5 Laboratories.
Yesterday’s campaign will cost AFLB only five thousand dollars for one week long advertising services contract.
At the same time, the devoted to investors AFLB announced the company has entered into a contract with the financial advisory and public relations representation firm, Mirador Consulting.
The last significant news from the company came up at the end of this August, when AFLB filed its delayed Quarterly report. Some of the most important information presented there, was not the reported cumulative net loss of over $144 thousand since the company’s inception, but the company’s related parties transactions.
From the total company’s assets of 162.5 thousand dollars, 92% belongs to a transaction with a related party.[BANNER]
In June, this year, AFLB deposited $150 thousand with a company controlled by the company’s president for purchase of laboratory equipment. The above, payable to related party, that consists of rent of $29,337 payable to a company controlled by the company’s president. In addition, during the three months ended June 30, this year, AFLB paid $3,810 in management fees to the company’s president.
Apparently, the good performance of the company’s shares depends on stock promotions and, from time to time, on speculative interest.
Yesterday, AFLB stock closed at $0.90 in a volume aimed at numbers, close to these from the last month’s AFLB stock promotion and the last AFLB shorting.
