Tivus Inc (PINK:TIVU) stock got extraordinary pump in the volume after being promoted by a $40 thousand dollar advertising campaign. Traders witnessed a heavy, but not of the most reliable kind price action.
In the first couple of hours of trading, the price held the gain of nearly 10%, but there was hardly any sense of direction to it. At the end of the trading day the price was left with an indecisive 0% change.
The promoter PennyStockProphet.com reported to have been compensated for only one day of advertising. In such cases, the heavy trading usually fades away after roughly half a day and rarely comes back. It is therefore clear that there will hardly be any follow-up to this action. [BANNER]
The touting newsletter states the stock is at ideal entry point around 9 cents per share. The market cap is set around $1.5 million at that price, apparently looking too low for the business with a net tangible assets of $2.3 million. However, the constant losses and a dire need for additional capital does not look promising at all.
The pink sheets listed company’s main asset is some computer equipment. They run very low on cash according to the reports filed with otcmarkets.com. The business is far away from profitability and relies on loans from investors.
