On Empire Post Media, Inc. (OTC:EMPM) stock chart yesterday the RSI indicator showed that the stock is finally going out of the oversold area. In addition, EMPM has received another promotion that promises to make a “BIG Day” today. 
EMPM closed Tuesday session with a 9.52% increase in its share price at $0.23.Trading volume was much lower than the average with only around 6,500 traded shares. Some technical indicators give positive signals after the stock went up from the bottom this week. The MACD lines are pointing up and the RSI has left the oversold ares.
Another thing that could make EMPM share price rise further up today is the new promotion that the stock received yesterday evening. A promo e-mail covering Empire Post Media came into our database and it describes the company as the next big player in the TV programs and series production business. Looking at EMPM market cap, which is over $44 million currently, one should assume that the company should really hold huge potential to deserve that value.
Looking at the balance sheet, however, is somewhat discouraging. All that it shows is:
- No long-term assets
- $5,000 in cash, $16,000 in net receivables ($21,000 in total current assets)
- $79,000 in accounts payable
In any case, the promoter has received a $10,000 cash compensation for one-day coverage. That amount has been paid by a third party, and EMPM performance in the coming days is likely resemble that from the end of September when the previous promotion took place.
