climb and soared over 70% yesterday. Along with the price jump, CXLT managed to trade more than 29 million shares on the market. What is going on with Calibert Explorations it’s easy to say – the promotions are on again.During the past week, CXLT has been furiously promoted by different websites and the stock finally grabbed the up move. CXLT appeared in 22 promotional e-mails so far, and the total compensation for the campaign cost $10.000 (Canadian dollars), though the paying party remained unknown.
Apart from the promotions, CXLT has been constantly releasing good news on its projects, which has additionally pumped up the stock price. The latest news was that the company was leveraging the “Deal of The Day” business model by offering discount deals products and services to US families, while at the same time earning commissions from the transactions.
As already reported on hotstocked.com, Calibert Explorations has had a few more significant gains recently. At the beginning of this month, the stock added over 105% to its price and entered the massive trade again. The reason for the gain was not any different than this time – promotions and positive news. However, the up move was soon broken. If it is happening again is just about to be seen.[BANNER]
Net Savings Link, Inc. delivers an electronic membership to US families on everyday purchases like groceries, dining out, entertainment, telephone service, travel, insurance and more. Last month the company filed a notification of late filing and its latest financial report is still not submitted. However, according to the previous 10-Q, current liabilities of CXLT are about 105 times higher than its assets, while the deficit accumulated during the exploration stage period is over $214 thousand, apart from the stockholders’ deficit and the net loss. At the same time, as of end-August 2010 the revenues of CXLT point zero.
The company’s management claims it needs additional capital, however, the issuance of common stock may cause dilution to the shareholders. In that case, investors should keep their eyes wide-open for the next move of CXLT until the company’s new 10-Q is submitted.
