EMAMBA INTL CORP (PINK:EMBA) is once again in the promotional watchlists.
A newsletter arrived in the Hotstocked database yesterday after the end of the trading session. Its issuer was a promoter called Elite Penny Stock.
Investors should pay attention to the disclaimer of the newsletter. There, they can see that Elite Penny Stock has explicitly specified that it had been hired by an entity called OCI for $75 thousand to perform promotional and advertising services intended to increase investor awareness of EMBA.
This fact itself represents a conflict of interest, which doesn’t exclude the possibility that the promotion may create a speculative session with EMBA stock.
The company has been slowing down on trading volume in the last couple of days and its stock price has been less volatile as well.
From a technical point of view, a descending triangle has formed as a pattern on the chart but the forthcoming promotion may distort the technical set up in the next couple of days.Â
Â
