Yesterday, the information about the next in row promotion for First Liberty Power Corporation (OTC:FLPC) stock was disclosed.
Though the heavy trading volume and the 5% share price soar, FLPC still needs to convince investors that $0.42 per share is a fair price, not only a promotional one.
Known up to this February as Quuibus Technology, Inc. and involved in computer based services by that time, FLPC now attempts to grab investor attention with its new and fashionable business.
The company’s goal is “to be at the vanguard of the United States efforts to free itself from foreign oil”, as well as to contribute to the clean sustainable energy self-sufficiency of the country.
For the implementation of its goals, FLPC owns mineral properties for less than $250 K. But with the $247 K cash on hand at the end of this April, the company initiated its own stock promotional campaign, worth not less than $220 K.
It is truth that some of these promotions are paid by third parties, which possibly lets the company’s cash balance remain untouched, or at least not too heavily charged. At the same time, it is a fact that two weeks ago FLPC compensated a few promoters with eighteen thousand dollars for a one day investor awareness marketing campaign.
In addition, “Stock Egg” will receive a compensation of one hundred twenty two thousand dollars for FLPC advertising services, but maybe for more than one day of service.[BANNER]
Despite of the notable budget jointly provided for investor awareness campaigns, FLPC shares still need to be further powered by promoters. As the chart here shows, FLPC share price is climbing up almost only when the stock is being promoted.
From the more than 68 million shares outstanding, just yesterday for the first time in FLPC’s trading history the “colossal” volume of over 337 K shares was “achieved”. This resulted not from the released results from the company’s gravity survey, but largely from the accumulated efforts of the stock promoters.
