soared 320% and traded the phenomenal 82 million shares on the market. Apparently, something has caused the heavy gain and this is exactly promotions and positive press releases.According to the records, yesterday GLER was promoted twice and the stock immediately jumped up. Though the compensations for the promotions were not listed, someone has certainly tried hard to push up GLER and obviously they succeeded. Moreover, one of the promotions had no third party involved, meaning that Global Earth itself has promoted its stock.
Apart from the big promotions, the company has released a bunch of encouraging news about its business, which has provoked investors’ attention. The latest one came up just yesterday, when GLER reported it has entered into a joint venture partnership with GFC 2005 LLC, worth approximately $500 million over the next five years. According to the announcement, the joint venture was giving Global Earth a gross revenue stream of $150 million.
This news being supported by the promotional campaign fueled up the stock price and GLER began to climb at top speed, however, the revenues are still only projections, while the promotions are already over. Now it is interesting what’s the next move of GLER and how long will the climb resist?[BANNER]
Global Earth Energy, Inc. is engaged in building and operating green alternative energy technologies. The quarterly report of the company shows that as of end-November, 2010 GLER had no revenues and its liabilities were seven times higher than the total assets. And the most impressive fact in the report was that the company’s accumulated deficit has exceeded $13 million, while the stockholders’ one was approximately $3 million.
Due to the huge losses, Global Earth has been constantly issuing shares of its common stock, however, judging by its financials the company’s continued existence is highly dependent upon its ability to raise capital or acquire a marketable company. Until then, GLER may keep relying on good news and more promotions.
