After an impressive price fall last Friday, Global Security Agency Inc. (OTC:GSAG) is climbing up again. Yesterday, the stock 
soared 50% for the day and its traded volume got approximately 5 times higher as compared to the previous session.
In this case, the massive trade is easy to be explained by news and promotions.
On Friday, GSAG reported that it has issued 200,000 restricted shares of the company’s common stock to an investor pursuant to the terms of a strategic alliance agreement with the investor at a deemed price of $0.06 per share.
Yesterday, the series of news continued and Global Securities announced that it was in discussions to provide security for passengers of several major cruise lines that take land excursions while in port.
The optimistic announcements certainly provoked traders’ attention, especially when accompanied by promotions.
The campaign started yesterday and it is still on today to ensure the current up move for GSAG. Promotions cost $17,000 so far, however, it is interesting if the compensation will remain the same until the end of the campaign.[BANNER]
Global Security Agency Inc. is engaged in the security solutions and risk management business. As of September 30, 2011 the company had some cash available, though its net loss and accumulated deficit were not covered.
Despite the fact that the financial condition of GSAG was not the worst ever, its 10-Q has been prepared on a going concern basis, which implies the company will not continue to meet its obligations in the normal course of business for the next fiscal year.
Meaning that the continuation of Global Security is dependent upon the ability of the company to obtain necessary equity financing to continue operations and the attainment of profitable operations. Nevertheless, none of these can be guaranteed.
