Yesterday, Force Fuels Inc. (PINK:FOFU) stock price dropped to a new 52-week bottom even though the company issued its regular optimistic press release. It looks like a promoter thought that this disappointing performance is due to the lack of broad enough coverage of the PR within the trading community and decided to change that immediately. 
The fresh new yearly low of FOFU is at $0.04 for a share, and it is also the closing price of yesterday’s trading session. The volume of 233,311 shares was several times the average and among the highest recently, also pointing that the 23% in value lost yesterday might not be the last huge loss for FOFU this year.
FOFU CEO admits in the PR from yesterday that the share price of the company’s stock has been in a downtrend this year, yet in his eyes the company has “continued to grow”. Reasons for the diverging investor and CEO interpretation of FOFU stock performance is well seen in the company’s financial reports – FOFU has no revenue and by far not enough cash to pay out the debts and to fund any operations.
Thus, yesterday’s press release alone which claimed that FOFU “entered discussions to expand its holdings in Kansas by over 40%” could not prevent the decline. When mentioning financial reports, obviously the latest news from the company that sounded reliable enough to be taken into account was the notification of the late filing regarding FOFU current annual report.
It is up to see if today the latest promotional newsletter on FOFU will actually become the catalyst to propel FOFU up from the bottom. Considering that it discloses no compensation and constitutes just a copy of the press release, the prospects are not that good.
