Earlier today Imperial Resources, Inc. (OTC:IPRC) issued a press release, interestingly enough, a paid pump campaign started yesterday after the close.
The volume for Monday reached more than 1.2 million shares, although the news wasn’t out and the pump campaign hadn’t started yet, and it seems a large chunk was traded shortly after 1:00PM. IPRC closed up 5.45% at $0.29.[BANNER]
The promoting newsletters disclose a compensation of $12.5 thousand paid by a third party. One of the emails also mentions a Medford Financial LTD paying $10 thousand.
At about 8:30AM, IPRC announced the completion of the ground works at its salt water disposal facility. The press release also covers the latest developments on the site and states that the company expects the re-build to be done in the second quarter of 2012.
With the pump and news release IPRC could see some action today. Traders who are not aware how promotions usually work may want to do some research on the matter.
