Caduceus Software Systems Corp. (OTC:CSOC) took a huge nosedive last Friday, only to resurrect at the very beginning of the new week. Both circumstances immediately paved the way for a number of promotional newsletters.
Slumping by a staggering 40%, CSOC closed Friday’s session at a six-month low of $0.05 per share on a six-week high volume of 995 thousand. What happened yesterday, however, was beyond investors’ wildest dreams. Not only did CSOC stock regained every cent it had lost on Friday, but also it set an all-time company record in terms of volume with over 40.8 million shares of common CSOC stock changing hands.
CSOC’s historic performance came hard on the heels of a new corporate announcement about the hiring of Sygnit Corp. as the company’s software advisor. Yet, this might not have been the genuine reason behind CSOC’s space jump. Rather, what must have really impressed investors is a pure paid promotion which happened to be the most expensive advertising campaign in support of CSOC ever. According to the official disclaimer of a group of at least a dozen promoters, third party Firadaus Inc. has paid $1.3 million for a one-month profile on Caduceus Software Systems Corp., which makes an average of $43 thousand per day.
While CSOC did really well yesterday, it will take much more than one incredible performance to turn the current promotion into a successful undertaking. In this respect, what CSOC will gain in the next couple of sessions before it starts to lose momentum will be crucial. Unfortunately, the company’s financial health is by far not solid enough to keep investors’ interest alive for a single week, let alone for a whole month. With cash reserves of $954 and a quarterly net loss of approx. $5 million, the management will hardly be able to turn water into wine.
