About two weeks ago, China Nuvo Solar Energy, Inc. (PINK:CNUV) was promoted and announced SurgLine had reached an agreement with Gonneville, Inc. for sales to the U.S. Department of Veterans Affairs. That resulted in a nearly 30% increase in price and significant volume. Today, there are some new promoters joining in.
Perhaps, the pullback after the 30% gain and yesterday’s flat close at $0.0028 were the incentives for someone to pay for another promotional campaign.[BANNER]
OTCReporter.com disclosed they were compensated $2,000 for their services. The paying party is not named. Additionally, CNUV is mentioned in other newsletters for no compensation.
On Aug. 8, the company announced it had delivered the first orders to OptiMedical Corp. Then, on Aug. 11 CNUV said SurgLine had signed an agreement with Tandem Receivable Solutions. Tandem is to assist the company in sales and collections for their clients and facilities nationwide. Neither of these announcements generated a significant market reaction.
There is still no information about the financial situation of CNUV, and even if SurgLine is bringing revenue the numbers before the acquisition were very negative. While the company isn’t required to publish financial information at this very moment, it could be a shareholder-friendly decision to do so. Letting the public know what is going on is a good idea, if things are going ok.
