After cutting off the loss last Friday, this week For The Earth Corp (PINK:FTEG) crashed down again. The stock price has been 
falling down since Monday and yesterday it lost another 18%, on a traded volume of over 2 million shares.
However, the most interesting thing here turns out to be the fact that FTEG goes down despite being promoted throughout the whole July. To be precise, this week the stock was promoted every day, though its price sank even deeper. Besides, the total compensation for promotions this month reached $469,500 until yesterday.
Meanwhile, FTEG tried to recover its market position by positive news on acquisitions and portfolio’s expansion, however, this strategy did not work either. So what’s next in this case? Apparently, the company keeps trying harder with more hot news and promotions, while its financials remain disastrous.[BANNER]
As already reported on hotstocked.com, 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. Certainly, not by news and promotions.
