Yesterday, Neah Power Systems, Inc. (OTC:NPWZ) stock made its first successful attempt to emerge from the heavy anaerobic environment, in which it has been surviving for a long time.
Thanks to a stock promotion and a press release, NPWZ shares finally broke up with the anaerobic absence of investor interest and the continuously sinking price.
Two days after the released collaboration between NPWZ and a major US Defense Supplier to explore the development of power solutions for potential customers, NPWZ shares jumped up by 47.89%.
The demand for NPWZ stock changed positively, not only through the price increase, but also through a higher volume traded.
During the remarkable NPWZ stock performance yesterday, more than 3.4 million shares changed hands, while the average number for the company is only 80 thousand.
The stock stir resulted not only from the above mentioned press release though. Yesterday, a stock promotional campaign was disclosed, in which five stock promoters were involved with the purpose to help NPWZ shares escape from the anaerobic environment.
The input of two of them into NPWZ stock taking breath is to increase investor awareness without receiving a compensation. The other one will be compensated by five thousand dollars for a one week NPWZ advertising contract.
Hot OTC’s and StockRich.com negotiated a compensation of forty five thousand dollars for a week of advertising services for NPWZ.
All these compensations should be paid by the company, which just like its stock, appears also to be surviving in an anaerobic environment.[BANNER]
At the end of March NPWZ had an accumulated deficit of more than $52 million and negative working capital of $5.9 million. In its latest financials the company’s management stated that the company’s cash balance is enough to support the operations by approximately the middle of June.
These days, there were no announcements about funds being raised to cover the urgent needs and the continuing research and development. There is an ongoing stock promotion and some plans for future cooperation. From another point of view, it is worth to mention that NPWZ fuel cell technology and the other products offered seem to be prospective and with promising future demand.
