Last Friday, For The Earth Corp (PINK:FTEG) cut off the loss at once. During the day, the stock price increased by 6.06% and 
its traded volume notably rose up.
The reason for the sudden price move should be the latest news on FTEG. Last Thursday, the company announced that its multi-purpose odor-eliminating spray was already available for sale on Amazon.com. According to a research report, shopping online is more convenient for people, thus the company considers trading on Amazon as a great success.
Apparently, traders got inspired by the encouraging statements and FTEG started climbing up. If the up move will continue this week, is just about to be seen.
For The Earth Corporation prides itself of offering a line of household products that are environmentally safe and effective. Since the beginning of this month, the stock price has been quite unpredictable. However, as already mentioned on hotstocked.com, each time the price was down, the company pumped it up again by some positive press releases. Though, there is another big problem facing FTEG – its poor financial condition.[BANNER]
As of March 31, this year the company’s unaudited balance sheet shows that its cash totals $nil, while working capital deficit exceeds $1 million. At the same time, the revenue is only $24 thousand against a net loss of $220 thousand.
In order to keep operating, FTEG has borrowed $210 thousand of its CEO, however, it is still not clear how the company will repay him the loan. While, at the same time it continues to pump up its stock price by positive news.
