It seems that iBrands Corp (PINK:IBRC) have devised an excellent plant to bring some action into its slumbering chart. IBRC offered a presentation to investors, which started with the announcement of two letters of intent and now it is about to reach its culmination with a heavy assault of paid newsletters. Unfortunately, no one knows what the conclusion of the story will be.
Yesterday, newsletters from ten different stock promoting websites came to the surface and flooded the e-mails of their subscribers, all praising IBRC. The amount of payment which the group of promoters received was $85 thousand for a three-day advertising campaign. [BANNER]
The group of promoters behind the INRC campaign is one of the strongest players in the sector. The gathered information about this group reveals the following:
- The average compensation of the promoter in February was $41 thousand
- Total compensation – $166 thousand.
- The average dollar volume generated by the promoter in February was $1.4 million
- The average intraday high achieved was 2.28%
The powerful influence of the promoter and the serious amount of money invested in the promotion may suggest that the coming session will be far from boring for IBRC. However, investors who decide to take advantage of the opportunity presented by IBRC should approach the stock of the company only if they are completely aware of the effect promotions have on a stock in general.
So, with $85 thousand on the table, it can be expected that IBRC will not be sleeping during the coming session. Unfortunately, apart from the artificial stimulation that IBRC stock received from promotions and announced letters of intent, the company cannot support its rising shares with its financial reports.
Therefore, IBRC should spend more efforts to convince the public that it is making the right business decisions that can bring cash to the company and thus create an actual base for appreciation.
