Yesterday sub-penny Actionview International, Inc. (PINK:AVEW) delivered a threefold gain straight at market open and the same can happen today as well as the stock got promoted yesterday evening.
After the spike AVEW closed the session again at $0.0002 without any change in the closing and with a total trading volume for the day of 9.1 million shares. This is only a part of the average daily volume of 31.8 million traded shares, but the low value of AVEW makes its share price jump even with a small increase in the demand.
And demand could actually multiply today. AVEW will become attractive for speculative traders today not only because of its low price and Limited Information status on the OTC Market, but also because of its latest promotional coverage.
We have detected two promo e-mails on AVEW from last night, presenting the stock as “Sub-penny Monster” and as having strong momentum. Our database shows the compensation for the alerts has been paid by a third party and it amounts $7,500 in cash.
As mentioned, AVEW provides only a piece of information about its business activities and its latest report is a quarterly statement for the period ending September 30, 2011. According to it, the company has one operating subsidiary which organizes live mixed martial arts sporting events “World Championship Full Contact” or “WCFC.”
AVEW ended that quarter with $4,400 in cash and $63,000 in current liabilities, while its sales amounted $16,900. That explains in some way the $275,000 market cap awarded to the company.