Stock price of Empire Post Media, Inc. (PINK:EMPM) has been rather unstable over the past days. Last week, EMPM made a few spectacular gains, though all of these got easily broken.
Nevertheless, the stock managed to close the week with a 1.01% price jump, while its traded volume substantially increased. So what’s next today?
This time Empire Post seems anxious to hold the gain for longer by hot news and promotions.
On Friday afternoon, the company reported that the Emmy nominee Stuart Schwartz will join the “Journey Beyond” production team as executive producer and showrunner. According to the announcement, Empire previously announced a $1,5 million finance facility in place to support production the show.
Despite the fact that the news sounded optimistic enough, EMPM decided to re-ensure its chart position by promotions.
The stock got promoted three times on today for the impressive compensation of $750,000. The promoter, WallStreet Advisors, placed EMPM on the investors’ radar for today’s market session, so any any result is yet to come.[BANNER]
Empire Post Media, Inc. provides post production services to the movie and television industry. Historical records show that the promotional strategy is well-familiar to the company as it’s been used regularly by EMPM.
The most recent example dates from last month, though at that time promotions failed to pump up the stock price and it fell deeper instead.
This month, Empire Post filed its annual report. However, the 10-K was full of risk factors and uncertainties, while the losses kept increasing.