FDEI entered the market with a gap yesterday as the next advertising newsletters reached traders early in the morning. Just like in the middle of this month, the promotion was compensated with a fee $22,500 paid by a third party. The total increase in the closing price was 28.79% to $0.017, but during the day the price went as high as $0.022 as 44.6 million shares of the stock were traded. The promotional performance pattern is well recognized on the chart, and it seems like on the company’s press releases it is getting even more attractive for traders.
Following strictly the PR strategy, the announcement from yesterday said that a definitive agreement has been signed for the 100 MW solar park in Spain. Last Monday, Fidelis promised also to its investors revenues of up to $160 million for the first quarter of this year from its first shipments of photovoltaic solar modules. A couple of days before that, FDEI maybe responded to some inquiries by investors concerning its lack of funds and large debts, announcing that it has received $5 million as a milestone payment under a securities purchase agreement from this January, and will receive another $5 by the end of the month.
That implies that at least one more press release should be published today, but the question remains what prevents the company from filing all these milestones with the SEC and when will investors get the chance to glance at the new “great shape” in which the company plans to enter the new year. The “improved balance sheet” and the $475 million revenue projections remain for now also a mirage.
