A new promotional campaign on Stellar Resources Ltd. (OTC:SRRL) is about to hit the market. Yesterday evening, a newsletter sent by NYC Marketing Inc. set the beginning of the market awareness program on SRRL.
The promoter states that it is a one-day program and also admits that he had received $10 thousand for the service. NYC Marketing explicitly specifies that the campaign was ordered by a non-affiliate third party, but any further details about the sponsor of the promotion were not disclosed.
At this point, it is important to take a look in the near past when the last promotion of the company took place. A promotion dedicated to SRRL for which $300 thousand were paid was started on Sept. 25 when the company’s shares were sold at $0.1.
As soon as the promotion hit the market, SRRL stock started losing value and several weeks later SRRL stock had tumbled down to $0.04.
The initial promotion obviously brought nothing but havoc to the stock and its negative influence may still reverberate on the penny stock market. Therefore, it won’t be surprising if the forthcoming promotion has a lower effect on the market due to the aftermath of the preceding marketing campaign.
