This week, another attempt is made for Endeavor Power Corp.(OTC:EDVP) to regain positions after the glorious fall from the last promotion. Main line of business for the company is recycling of obsolete electronics, and it is up to see whether it can really recycle the current stock price into tomorrow investor gains. Last time, it was the opposite that happened.
Since Jan. 11th, there was no major activity on the market related to Endeavour. Price has been orbiting around the $0.20 level, accompanied by low volumes. This is only natural, as there was nothing out there for investors to focus their attention on the stock. Things are about to change, though. Trade alerts are out there for people to look at since yesterday and another announcement came out today that the company has achieved target milestones for recycling capability. It was also mentioned that a fully functional metals division has been established, which would offer clients the whole set of recycling and liquidation services. All of the above is good news and all of it comes in conflict with the financial statements of the company, particularly the accumulated deficit and the current assets of the company. As indicated in the last 10-Q report, both are astonishing figures. The deficit is more than $19 million, while the total assets amount to $43. One might ask – can a company recycle with no [BANNER] assets whatsoever?
Now, this is why the current announcements and alerts should be carefully considered before an investment move is taken. As mentioned, this is not the first attempt to focus the attention to the company. The last one was a promotion from Jan. 7th, the actual effect of which took place on the next trading session. It was a very sharp change in share price, but not the one you would expect after a promotion. It was a sharp drop from $1.6 to $0.20 in a matter of 24 hours. So it would be no surprise if the alert and announcements have another reverse effect on the stock, only this time traders should have a good example of previous weeks, based on which to take or rather not to take a decision.
