These days, Onteco Corp. (PINK:ONTC) is moving up progressively. Yesterday, the stock price jumped up another 30% and 
traded volume of ONTC exceeded 36 million shares. And what’s next today?
Looks like Onteco is determined to continue the climb by all means. In this case, by news and promotions. In fact, these started a couple of days ago.
The first announcement came up on Wednesday and stated that Onteco’s subsidiary, NexPhase Lighting, Inc., has received inclusion as a member in the Con Edison Marketing Partner program.
Yesterday, this news was followed by another one, which reported that NexPhase has begun successfully harvesting rebates which will total over $100,000 for its Othmer Hall Project.
Obviously, these updates were strong enough to encourage investors, especially when the news were accompanied by expensive promotions. ONTC was promoted on April 18 – 19 for a total compensation of $80,000.
Following the records, promotions seem like the usual PR strategy for Onteco and they have used it many times before. Usually, the alerts pushed up the stock price at once, though only for a day.
Onteco Corp. focuses on investing in and developing proprietary technologies that target domestic and global alternative energy marketplaces. On April 16, the company filed its 10-K report, however, it looked rather embarrassing.
As of December 31, 2011 ONTC has incurred a huge net loss against a small portion of revenue. During the same period of time, both – the stockholders’ deficit and the accumulated deficit kept flying up.[BANNER]
Apart from the losses, the 10-K of Onteco is full of risk factors related to its business and common stock, which threaten the company’s future operation.
In connection with their business plan, management expect they would need to raise additional capital and generate revenues to meet long-term operating requirements and further expenses. Nevertheless, additional issuances of equity or convertible debt securities would result in dilution to the company’s current shareholders.
