of a sudden the stock soared 75% and its traded volume rose over 12 million shares for a day.Obviously, the phenomenal jump was due to some positive announcements and to the promotion from yesterday, which made CRPZ climb up.
In fact, following the stock performance, it appears that the stock has been moving up on promotions and optimistic news all the time, and those are just the only things that regularly push CRPZ up.
According to the records, this August the CFO of CONVENIENCE TV, Mr. Trevor Greg, bought 660 thousand shares of the company’s common stock at half the market price. Then, at the beginning of this month, plenty of e-mail alerts promoted the stock heavily, followed by some strong press releases. However, the uptrend couldn’t survive.[BANNER]
Apparently, someone wants to support CRPZ stock and most probably to sell some shares at a higher price, or that’s just the regular PR policy of the company. At this point, this remains unclear.
More than a certain fact is that CONVENIENCE TV has no budget to maintain its business, despite the numerous efforts to pump up its stock. As already mentioned on hotstocked.com, the company has no revenues and $10k in tangible assets vs. over $7 million market cap. It means that if CRPZ doesn’t find a way to raise some money, the expenses may lead to a dead end.
