Since the previous promotional peak at $1.05 for a share, the price had tanked to $0.18 in less than a month. But this week, it has been disclosed that another promoter has marketed the shares, paid by the same third party that paid $300,000 in cash for the investor relations service for CWNR in the middle of last month. According to the new promotional disclosure, the compensation is this time kind of modest, “only” $20,000 in cash, unless it is just part of the entire campaign.
Yesterday, the reaction of CWNR share price looked promising further success in the coming days. CWNR jumped 41.67% up and closed at $0.34 for a share, having one of its most active trading days with over 2.46 million share volume. But as seen on the chart, the promotional top is high and Crosswind Renewable keep composing one press release after the other. The “news” from this week are also impressive.
On Monday, the company announced that its planned 2-for-1 forward split has been approved by FINRA and will be payable on the same day. This has not happened yet, and also the ticker has not been temporarily changed to CWNRD as announced in the press release.
There is also no way to confirm the other major event that Crosswind Renewable spoke about after market close on Tuesday. The company has nothing to sell at all, but the announced sales and licensing agreement for its “line of clean energy technology distributed products” with a Bahamian reseller of clean energy technology had the exotic flair. It also got the desired reaction from traders who let the share price emerge from the bottom.
Today’s session also promises to be interesting, since the new announcement from yesterday afternoon goes even further. It says that CWNR has entered into a “multi-year Strategic Partnership with ECO World USA”, probably to design and manufacture the company’s future alternative energy products.
