CEYY-12.01.2011.pngDespite the high volume of trades during Tuesday`s session, the shares of Fresh Start Private Management,Inc. (OTCQB:CEYY) kept their position from the beginning of the year. A slight increase was noticed as the session opened at $0.165 and closed at $0.20 per share.

Although some might see it as a positive sign, this level is not near last year`s price. In fact, Dec. 17th turned out to be the most critical point for FSPM`s stock. That day not only did the trading activity reach an all-time high, but the price dropped from $0.54 to $0.056 per share in a matter of just several hours.

logo-CEYY.jpgAs far as this sudden free fall is concerned, there is no objective reason as to why it happened on no preceding announcements or SEC filings.

On the other hand, these ups and downs should have been expected, given all the changes that took place in 2010. Up to last July the company operated under a different name – Centrone Energy Company. Back then, its main line of business was to develop green renewable fuel sources, specifically bio-diesel. Activities which were never commenced and thus no revenues were accounted. Last November, a sharp turn was made. The  company entered into an Intellectual Property License and Asset Purchase Agreement with Fresh Start Private Inc., a company operating in the alcohol treatment business. Changes in the management board followed, together with the above mentioned drops in the stock price.   [BANNER]

Now, although FSPM claims that the company is still looking for opportunities in the bio energy field, the truth of the matter is that it has focused all efforts on the alcohol treatment business. The new CEO and board of directors have experience in this field, yet there is virtually no evidence that the company still has any operations in the bio-energy sector whatsoever. All in all, there is a pretty uncertain element about the company`s future.

Actually, it is the very nature of FSPM`s current business activities that raise doubt in investors who are not looking for purely speculative deals. That, coupled with no past revenues and increasing liabilities, is enough to provoke considerable doubt as to the ability of the company not only to profit, but to exist at all in the future.