After a 60% gain on Monday, yesterday ENERGY TELECOM (OTC:ENRG) lost 33.04% and its traded volume decreased. 
However, what is more interesting here is that the stock price felt on positive news.
On Monday, Energy reported that the United States Patent Office has formally allowed its utility patent application for claims of new benefits for its telecommunication eyewear.
The news sounds good enough to push up ENRG, though the stock price moved down instead. Nevertheless, Energy decided to use another method for pumping up its stock. Namely, by promotions.
ENGR got promoted yesterday for a total compensation of $15,000. The promoters projected the stock price will be up to over a dollar, due to the distribution contract that ENRG has signed with HoneyWell. Though, the contract was signed in February.
Yesterday, ENRG closed the day at $0.75 per share and whether the price will get over a dollar today should be seen any minute.
Energy Telecom, Inc. possesses multiple U.S. and foreign patents allowing for the manufacture, marketing and distribution of hands-free, wireless communication eyewear. As of March 31, 2012 the company’s cash position has improved, though the net loss also jumped up. At the same time, the accumulated deficit of ENRG exceeded $5 million.[BANNER]
Energy Telecom transitioned from a development stage enterprise in 2011. Due to its brief history and historical operating losses, the company’s operations have not been a source of liquidity. Upon completion of the sale of its common stock, in the end of March the working capital of ENRG was $339,136.
Management believes that ENRG has sufficient capital resources to meet projected cash flow requirements through March 2013. However, there can be no assurance that the company will be successful in completing its development plan due to some uncertainties related to its business.
