Force Fuels, Inc. (PINK:FOFU) aims to be a leader in the field of diversified energy, but for now it’s not quite there yet. Today there is a press release and paid promotions which could stimulate trade with FOFU shares.
Yesterday FOFU closed flat at $0.77 on 154 thousand shares.
The press released issued shortly before the open states that the company is starting to see preliminary results of the reservoir pressure program previously installed on its Mann lease.[BANNER]
Additionally, Thomas Hemingway, President and CEO of FOFU said: “Now that we are beginning to see an increase in the 5 Kansas wells that were reopened, we expect to duplicate this process throughout our properties.”
The promoter was compensated $2.5 thousand for its services by an undisclosed third party. The tout mail says FOFU is “fully reporting” which is technically true, however, traders should keep in mind that the report for the quarter ended July 31, 2011 still hasn’t been filed.
The share structure of FOFU is also not absolutely clear, but with announcements like the one from today, OTC companies have managed to overcome such trifles as filing on time, at least for a while.
