Flameret, Inc. (PINK:FLRE) has been promoted for a couple of days already, though its stock price fell down. Yesterday, FLRE 
lost 16.67% on the market, while its traded volume substantially increased. So, what’s next today?
As the promotions are still on, the stock price might finally rise up. However, nothing can be guaranteed at this point. In any case, while the alerts are flying all over the Internet, the compensation for the campaign already totaled $77,500.
Flameret Inc. develops fire retardant products to suit a wide range of applications. The latest news by the company came up on Monday when the company announced their new Managing Director, Mr. Weyman Cheng. Apart from the appointment and its priorities, nothing further on FLRE was reported.
What is interesting about the stock, though, is the fact that since June this year its price has been moving down progressively to reach $0.05 from $2.25 per share.[BANNER]
In the meantime, the financial results of FLRE remained disastrous. As of May 31, its liabilities and stockholders’ deficit pointed over $1 million each, while the assets hardly totaled $5 thousand. Besides, the balance sheet was full of other losses and enormous accumulated deficit that cannot be covered.
Thus, Flameret is operating under a going concern, while the management claims they do not have the cash resources to meet their operating commitments for the next twelve months.
