Today Green Energy Solution Industries, Inc. (PINK:GESI) will have the questionable advantage of being promoted. A third party, Real Time Interest, Inc., has paid $25 thousand for a one day pump.
On Friday GESI closed up 20% at $0.027. The volume was significantly higher than the average, reaching 978 thousand shares for the session.[BANNER]
One possible reason for the increase on Friday is the press release issued by GESI on Thursday. In it the company announced its intention to complete its first SEC accredited audit.
The company has been filing its quarterly reports, but it has been using the alternative reporting standard. Retaining a PAOCB audit firm could potentially lead to a listing on a higher tier of the OTC.
The effect of the paid pump is hard to predict. However, traders should keep in mind that this is not the first promotion of GESI. Back in March, a paid pump resulted in a one day surge, but ultimately ended up slicing the price of GESI in half.
