Neah Power Systems, Inc. (OTC:NPWZ) briefly got above the one penny mark when it issued a PR mentioning the Boeing Company, but the price dropped back in the sub-penny zone the very next session.
Yesterday, NPWZ lost 10.71% of its value on a volume of nearly 4 million shares. There was no apparent reason for the close at $0.0075.
Not having news may be reason enough. The company’s financial situation is disheartening for shareholders and investors. This doesn’t seem to be a problem for promoters to have NPWZ as their pick.[BANNER]
The tout mails came in yesterday after the close. The promoter was compensated $2,500 by a third party.
NPWZ develops power solutions for portable electronic devices. Their product could potentially be used in a vast variety of devices, and it has potential. At this point, however, the company hasn’t been able to capitalize on this potential.
Until NPWZ can offer something more tangible and concrete than mere potential, it may have a tough time getting appreciation on the stock market.
