Empire Post Media, Inc. (PINK:EMPM) has been covered in a promotional newsletter last night which is likely to cause a spike in its share price today. Any value gained by EMPM is unlikely to last, however, as the company has very limited operations and its market value looks already too high. 
On Friday, EMPM closed the market with a share price increase of 11.76% at $0.19. Trading volume was much lower than the average as only around 38,400 shares were traded during the day. The low price and the low liquidity of the stock allow for a big percentage move up on a new promotion.
It looks like such has taken place and it will affect trading in the coming session. Last night we received a promotional newsletter that disseminated quite an extensive profile of the company, claiming among other things that the stock were on “the verge of some potentially monstrous action”.
Promoter’s disclaimer does not reveal any compensation received for the advertising, though the mail is not a mere trading alert and past experience shows such e-mails are most often paid for. Therefore, a proper disclaimer could yet come out.
A press release from Empire Post Media just came out as well. It says that EMPM has been upgraded to the more prestigious OTCQB market tier. In addition, the CEO promised in the PR to announce several new projects soon.
Unfortunately, EMPM current market valuation, which is $47.5 million according to OTC Markets, looks already too hyped. EMPM has very minor revenue and its total assets consisted at the end of the last reported quarter of $49,000 in cash and $82,000 in some “Other Assets”.
