Geopulse Exploration Inc. (OTC:GPLS) is a relatively young company. As the name suggests, it should be engaged in exploration. It is not quite clear how far things are in that regard. Paid promotions seem to work, though.
Yesterday, GPLS was promoted and closed up 11.9% at $0.235 per share. The most notable effect of the promotion, however, was the volume which reached nearly 3 million shares – a new high for GPLS.[BANNER]
The promoter disclosed a $30 thousand compensation for its services, and based its promotion on the premise that potash price is rising and is likely going to continue to do so. This was a successful promotion, considering that GPLS managed to close higher than it opened.
Where things will go from here is hard to say since the company has been keeping silent since the last announcement in August when GPLS confirmed a $25 million financing agreement.
As far as operations are concerned, the company has made it known that it has acquired some properties and licenses, and it’s done with the first stage of its acquisition strategy.
The company may want to provide some updates soon as anticipation and silence are rarely a good combination on the market.
