Convenience TV Inc. (OTC:CRPZ) hit a shocking gain. After the stock got the up move on Wednesday, yesterday its price 
jumped up 92.31%, on a traded volume of over 17 million shares.
Following the records, the massive trade could have only one reasonable explanation – the latest promotion of CRPZ.
The stock was promoted just yesterday by a number of promoters who alerted on an eventual price jump of CRPZ due to some news released. However, no official announcement has been published yet.
In any case, considering the fact that Convenience TV has paid for one of the promotions by itself, the news might come up soon and interesting what it will be.
At the same time, the last news by the company dates from mid-September and no one is familiar with the company’s operations since then. The news announced the appointment of Mr. Shane Arsens to the Board of Directors of CRPZ, as well as his additional function as a COO to handle the company’s expansion plans for the US markets. However, after that no other data on Convenience TV was to follow.[BANNER]
Convenience TV is a development stage company focused on the Convenience Store Industry. The company’s unaudited 10-Q report shows that as of June 30 this year they have managed to generate some revenues, though their liabilities totaled almost twice its assets. Besides, the net loss for the 3-month period got 50% higher and the operating expenses increased.
Management of CRPZ has estimated that their expenses over the next 12 months will be approximately $1.7 million and the company has no sufficient revenues to cover them. Thus, they intend to meet their cash requirements through a combination of debt financing and equity financing.
However, if the company is not able to successfully complete any private placement financings, or to obtain shareholder loans, the team will not be able to carry out its business plan.
