Omni Ventures, Inc. (PINK:OMVE) has had more than its fare share of paid pumps, but there are still more coming. The latest one is from after the close yesterday.
It may indeed be a good time for a promotion. Yesterday, OMVE closed at $0.0788 – up 6.49%. Volume reached 387 thousand shares – above the average, but far from recent highs.
The company announced its subsidiary PRVCY had presented its latest collection at “The Project,” a semi-annual trade show in Las Vegas. Supposedly there was a lot of interest in the products.[BANNER]
The market as it turned out wasn’t all that impressed with the news. The $25 thousand promotion may do better, although the last several pumps failed to significantly impact the stock performance of OMVE.
Another thing that came out yesterday was the 10-Q for the quarter ended Dec. 31. The report isn’t particularly inspiring. It shows significant working capital deficit, no cash at hand, insignificant sales, and a not-so-insignificant loss.
Despite the very limited effect of previous promotions, the one today could incite some action today. Then again, just how excited should you be about a company when the compensation for its promotion is more than its sales for the last quarter, or 10% of its current assets.
