Yesterday, Global Earth Energy Inc (OTC:GLER) hit a fabulous gain. Just for a day the stock soared 120% and managed to 
trade 92 million on the market. Quite an expected jump, considering the usual movement of GLER. The one and only explanation for the massive trade turn out to be the well-known promotions, accompanied by news.
Yesterday, Global Earth started with the announcement that Pacific Coast Plaza Inc. has issued a Letter of Intent to purchase 100.000 metric tons of coal for one month, with one 36-month renewal option subject to the execution of a satisfactory purchase agreement. The price of the coal is expected to be approximately $85 per metric ton, potentially valuing the deal at over $300 million.
Being published, the news immediately grabbed traders’ attention and GLER started to climb up. Though, it wasn’t the only reason for the gain.
Again yesterday, the stock was promoted by a few websites, which spread out the alerts about the company’s new agreement and profit potential. Neither paying parties, nor compensations were revealed, though the campaign additionally fueled up the up move of GLER and secured its market position. However, no one can predict how far the bullish trend will go.
Global Earth Energy, Inc. is engaged in building and operating green alternative energy technologies. Historical data shows that the unexpected ups and downs of GLER have been quite frequent. Actually, the sudden gains due to optimistic press releases and promotions have been typical for the company and every time GLER was promoted, it grabbed the climb. Though, the up move was shortly broken.[BANNER]
Last month Global Earth filed its quarterly report, which however, was even worse than the previous one. According to the 10-Q, by end-February the company’s liabilities have jumped over $4 million and the stockholders’ deficit exceeded $3 million. Besides, the accumulated deficit of GLER totaled $14 million and has been constantly increasing.
As usual, the financial report contains a going concern section, stating that the continued existence of Global Earth is dependent upon its ability to raise capital or acquire a marketable company, which can save it from disaster. Now GLER relies upon its new agreement, though at this point the expected results are only optimistic projections.
