Groupe Athena Inc. (PINK:GATA) has almost tripled its value in less than three months, but today’s session might either confirm the uptrend of the stock, or start a rapid decline. The trading of GATA will take place under news and promotions. 
GATA closed with a 11.11% decrease in the share price yesterday at $0.88 for a share. Trading volume amounted 4,000 shares, which near the average for the past 30 trading days. Some technical indicators suggest that GATA has already exhausted its potential to increase in value, but the latest events from yesterday afternoon may change the direction.
After market close yesterday, we received a promotional e-mail on GATA containing nearly all the publicly available information about the company. The promoter has received $5,000 from a third party to present GATA as the next big winner in the pharmaceutical consulting industry, while the company itself will support the promotion today as well with a press release coming out yesterday afternoon.
The PR announced the date on which GATA will release its financial results for the first quarter of its fiscal year 2012, along with the revenue guidance for the current quarter of $12 million. The company also said that it intends to hire an accounting company to audit the financial reports and prepare GATA for listing on the OTC Bulletin.
Until that time comes, however, potential investors might not give blind trust to the available unaudited reports. As of end-June 2011, GATA reports $6 million in total assets, no long-term debt and no substantial current liabilities. Revenue for fiscal 2011 was $25.1 million and the company had net income of $2.1 million. Market cap is currently at $41.48 million.
