The dates of Geo Finance Corp. (PINK:GEFI) latest stock promotions are clearly seen on its chart – at the beginning and at the end of August this year. The action yesterday had the same explanation, despite the somewhat smaller impact on the share price of GEFI. 
GEFI closed yesterday’s session with a 25% jump in the share price at $0.05, while the trading volume was among the highest in the past several months with almost 680,000 traded shares in a day. $0.07 per share still remains as resistance, but the new promotions have been more costly to the paying party which would have required a stronger effect on the market.
If in August GEFI promoter disclosed compensations of either $5,000 or $6,000, the new promotion now is worth $20,000. The paying party is not known, but the promotional newsletter from Sunday evening which promised an update on GEFI recent “acquisition” and the press release from the company that actually came out early in the morning on Monday suggest that GEFI and its promoters have worked together very closely in order to raise the share price of the stock.
Although the press release only claimed the company had completed the due diligence on the new 200-acre lease in Wichita and Archer Counties, Texas, it did not provide any significant details. The fact that GEFI is not filing with the SEC and has so far provided only limited information on its activities also does not make its press releases more trusty. One can only conclude that GEFI deserves the low for the industry market cap of only $2 million, which is not to change solely on paid promotions and press releases.
As of July 31, 201, the company reported $2,500 in cash and $168,000 in “Investment in oil lease” as the only assets, while it had at that time loans for more than $357,000. Also, GEFI reports no income and according to the latest financial report it only has a 34% interest in the oil & gas Medlin oilfield located in Young County Texas. Concerning the above mentioned new 200-acre lease in Wichita and Archer Counties, Texas, GEFI has only signed a binding letter of intent, which is by far not yet an acquisition.
