Yesterday B Green Innovations, Inc. (OTC:BGNN) surged up on an announcement from Friday afternoon about a signed marketing and licensing agreement for the company’s product. Today, the featuring in some promotional e-mails may also help BGNN repair the losses it suffered after the company filed its latest financial report on Aug. 8th. 
BGNN closed the last session at $0.0011 for a share, or 57.14% higher than on Friday. Though, the trading volume was only about half of Friday’s and only 3.06 million shares changed hands. During the session BGNN rose to $0.0012, and if that gets broken today the next resistance is at $0.0014. Maybe the new promotion for the stock will secure the much higher volume needed for a jump above the resistances.
A promotional e-mail has arrived in our database last night, paid with only $2,000 in cash. That compensation is very low, and the content of the e-mail shows that BGNN was only featured as a “Percentage Gainer”, while the new pick of the promoter is yet to get announced. Most likely, BGNN is not the real subject of the coming promotion, but it might still gain volume today due to the alert. In February this year, the combination of news and alerts delivered good results for BGNN.
The company announced on Friday it had signed signed an agreement with Telebrands “As Seen on TV” for the marketing and licensing of its VibeAway product. No 8-K has appeared yet to confirm the announcement, and BGNN latest 10-Q is only SEC filing since May this year. The quarter report for the three months ended June 30, 2011 shows a working capital deficit and recurring losses, not exactly the best prerequisites for long-term success on the stock market.
