It took Aquasil International, Inc. (PINK:AQUS) a whole session to gain 28% in value yesterday. Half an hour into the current session, AQUS has already shot up 22% and seems ready to push its potential to the limits backed up by an army of promotional mails which flooded our database at the eleventh hour.
Last night, AQUS went up 28%, closing trade at $0.018, its fourth rise out of the last six trading days and highest close since Feb. 2. AQUS shifted a turnover of 2.34 million shares, marking a three-fold improvement over the daily average turnover. As it seems, third parties quickly seized the opportunity to launch an advertising campaign on AQUS today as a total of 6 emails hit traders’ mailboxes a couple of hours ago.
While the paid promotion seems to be bearing fruit for the time being, the balloon might go up anytime if we take into account the basic chart indicators. In fact, not only has AQUS already entered the ‘overbought’ zone, but also it has gathered such strong momentum that a trend reversal is more or less imminent.
AQUS reported working capital deficit of $535K for the third calendar quarter of 2011. The company closed the three-month period with no cash reserves whatsoever, no revenues and a net loss of $8,253. In a nutshell, the business of selling water and soft drink product yielded unsatisfactory results, hence the managers’ decision to shift its business into a whole new direction. From now on, the company will be carrying out business operations as an ocean transportation intermediary offering a complete range of ocean-related services.
Provided that AQUS’s new business meets with success, it could stand a good chance of maximizing shareholder value.
