In a very short time span Game Face Gaming Inc (OTC:IKCC) has been in the spotlight of a number of paid promotions. The latest one, which was also the most expensive one, should have its effect today.
The result from the promotional activity for IKCC hasn’t been positive for the stock price. Since the promotions started, IKCC has lost nearly half of its value. On Friday, it closed down 9.43% at $0.24 with a little over 12 thousand shares changing hands.[BANNER]
As already mentioned, the new promotion is the most expensive one. The promoter disclosed $100 thousand in compensation. This is close to the high end of promotional compensations, but with the promotional history of IKCC a good market performance is in no way guaranteed by the promotion.
In the mean time, IKCC has been issuing a lot of press releases with potentially exciting news, however, those couldn’t prevent the decline of the price.
One probable reason is that the company hasn’t filed anything with the SEC since its report for the second quarter.
In one of the recent announcements, IKCC said Men Nguyen would help introduce the company to the Asian markets; he would also run training workshops. Just as Tom McEvoy, Men “The Master” Nguyen is a name known to every person even remotely interested in poker.
Since the announcements don’t seem to help the market performance a lot, IKCC may want to do something else in the way of convincing traders and shareholders it can make good on the potential it has.
