Yesterday, Corporate Universe Inc (PINK:COUV) delivered pretty strong performance on the stock market. Its price went up 128% to close at $0.008. The surge in volume was even bigger – 580 thousand COUV shares changed hands, which is almost 13 times higher than the day before and way over the average volume of 18K.What happened yesterday with COUV stock may sound impressive at first, yet it is far from reaching a record status. This stock has experienced similar abrupt fluctuations every once in a while, therefore the current surge is nothing new under the sun. However, promoters never sleep. At least two advertising campaigns worth $47 thousand commenced immediately after the session’s end yesterday. Considering that COUV trades on the sub-penny stock market, paid promotional activity of such a scale has fairly good potential to boost the stock value.
Corporate Universe, Inc. specializes in a variety of security and commodity services through its versatile organizational structure. The company, however, has not been among the most transparent pink sheets. Updates, if any, only appear once in a blue moon. In addition, a lot of iHub posters seem to be fairly dissatisfied with the fact that COUV management is forever turning a blind eye on their sent-by-email questions. [BANNER]
COUV has adopted a much more transparent approach as far as its financials are concerned. While it ceased to file with the SEC in Sep. 2008, the company has revealed most of its regular reports. The latest quarterly report covers the period ended Sep. 30, 2010. It paints a controversial picture with:
- a working capital deficit of $95 thousand;
- a net income of $15K.
At present, COUV has yet to explain to its stockholders how it will pay its debt of $340 thousand with regard to a recent acquisition without diluting them. Provided that its management comes up with some commercially viable news, the company might find a way out of its mediocre financial state, to the delight of its most avid supporters.
The present promotional wave will most probably have an impact on COUV stock in the short run. To achieve a long-term stability, the company will have to do more than that.
