AlumiFuel Power Corporation (OTC:AFPW) may have forborne from any promotional activities in the recent past. Not any more, though.
Last Friday, AFPW stock delivered a third negative market performance in a row. This time, it only lost 1.2% in value, closing the session at $0.008 per share. The turnover also declined with 932 thousand AFPW shares changing hands, i.e three times below the daily average trading volume.
As it seems, AFPW stock spiked considerably whenever the company came up with some fresh bits of news. This trend can be seen on the last couple of PRs which popped up on May 18 and May 23, respectively. Back then, the company proudly revealed that it had finished developing a novel portable power system designed for use in both military and commercial applications. However, nothing has since managed to make the free-fall grind to a halt.
Considering the lack of any follow-ups on last week’s news, interested third parties could wait no longer. Now, they have embarked on an advertising campaign to raise awareness about AFPW stock in an attempt to buck the downward trend. Whether or not they will succeed, remains to be seen.
One thing, however, is for sure. If AFPW wants to score high on the stock market its current finances will be of little service. With an annual net loss being dangerously close to the $6 million mark, as well as a working capital deficit of $2+ million, the chances of a significant improvement in the immediate future are slim to none. Nevertheless, AFPW will definitely strike it rich provided that its revolutionary power system mentioned above manages to make a breakthrough once it has been released as a final product.
