After a couple of phenomenal gains, suddenly Flameret, Inc. (PINK:FLRE) broke up the climb. Yesterday, the stock lost 
28.57% of its price, while trading over 2 million shares on the market. Though, the story is not over yet.
Determined to get back on track, Flameret decided to use the most popular strategies to achieve the gain – hot news and promotions.
Last week, the company reported a purchase order finance facility with Bibby Financial Services, which provoked a furious price jump. Then, yesterday FLRE made another announcement, stating that it has received significant interest from China for its patented flame retardant products and that it expected to be a major player in this multi-billion dollar industry. Besides, this time the positive news was accompanied by promotions.
Yesterday, FLRE was strongly promoted by a number of online promoters who featured the latest news by the company. In fact, promotions have been regularly this month and the compensation for the October campaign totaled $97,500 until yesterday.[BANNER]
And while spreading out speculative alerts on its business, the financial results of FLRE haven’t improved at all. As of May 31, its liabilities and stockholders’ deficit pointed over $1 million each, while the assets hardly totaled $5 thousand. Besides, the company’s balance sheet remained full of other losses and enormous accumulated deficit that cannot be covered.
So, Flameret keeps operating under a going concern, while being constantly pumped up by optimistic news and numerous promotions.
