Fuse Science, Inc. (PINK:DROP) managed to get a lot of attention near the end of 2011, but then dropped the ball. After hitting a low at $0.275, DROP seems to be picking up.
Yesterday DROP closed up 16.36% at $0.32 on approximately 810 thousand shares.
The company issued a press release on Wednesday announcing the appointment of more members to the Board of Directors resulting in an independent majority of 6 to 4. DROP also said that the BoD had established Audit, Compensation and Scientific Advisory committees.[BANNER]
Today’s market performance of DROP suggests traders are happy with the news. DROP is up 7.81% at $0.345.
The long-term future of DROP is primarily dependent on what the company achieves on the business side.
Shareholders have been waiting for the company to start generating revenue for quite a while, and the signing of sport stars like Ronde Barber and Tiger Woods has pushed expectations very high.
