Coastal Integrated Services, Inc. (PINK:COLV) got a paid promotion in December which generated significant volume, but the price didn’t increase too much.
Yesterday COLV was promoted again, and even though the compensation was ten times bigger than the one from December, the volume reached just 74.5 thousand. Still COLV closed up 7.69% at $0.028.
After the close COLV issued a press release saying Revolution Oil, Inc. had received an OEM Worldwide Approval for Volvo, Mack, and Renault diesel trucks.[BANNER]
The release doesn’t specify when this happened, but here is a document which suggest it was back on November 30, 2011. It’s not clear why COLV waited until now to announce it.
As mentioned this time the compensation received by the promoter was higher – up to $40 thousand.
The previous promotion and announcements couldn’t provide an active market for COLV stock. It will be interesting to see whether this time interest will last more than three days.
