First Liberty Power Corp (OTC:FLPC) has been on the progressive move for some time and it keeps climbing up. Last Friday, 
the stock suddenly soared 123.53% and managed to trade over 1 million shares on the market.
As usual, the reason for the massive gain was obvious – promotions. The campaign was held just on Friday when FLPC got promoted by InsaneStocks.com. Apparently, the company ordered the promotion by itself as there was no third party listed in the campaign.
Being promoted, the stock price immediately jumped up again, yet not certain for how long time. In any case, FLPC decided to secure its chart position by holding another campaign yesterday. The alerts featured the lithium industry, though no particular news on the company was published.
To be precise, the latest announcement by FLPC dates from Aug 4 and nobody has a clue about the company’s present activities. Looks like the company has only promotions to rely on, so it might be hard to hold the gain for longer.
First Liberty Power Corp., formerly Quuibus Technology, Inc., is an exploration-stage company engaged in the exploration of mineral properties. The company opened the year on high trade, however, after a while the stock price started falling down again.[BANNER]
Besides, the last unaudited 10-Q report of FLPC is not much inspiring. As of April 30, the company’s total liabilities were a bit higher than its assets, while the stockholders’ deficit was a negative value. At the same time, revenues of FLPC kept missing and the accumulated deficit during the development stage got over $917,943.
Management claimed that their cash position was sufficient to meet their current obligations through to the end of the fiscal year which is July 31, 2011. However, further on the 10-Q stated that due to the incurred operating loss since inception and lack of revenues, there is a substantial doubt about the company’s future operation.
