MacroSolve, Inc. (PINK:MCVE) develops and markets mobile technologies. Although the company is active in its press release policy, its stock hasn’t been doing too well on the market.
After a promotion, MCVE closed up 6.87% up at $0.14 with 454 thousand shares changing hands.[BANNER]
The promoter disclosed a $75 thousand compensation for a two-day campaign. Despite the positive close, the promotion wasn’t all that successful. MCVE opened above $0.15, trading was sporadic, the volume wasn’t too impressive, and some of it was probably due to the press release issued by MCVE.
The promotion may have had a limited success because it didn’t really say something new. Most of it seems to be rephrasing what was stated in a research update by Ray Dirks.
That alert seemed to have a much more significant effect. The two sessions, following the update on Sept. 26, were much more impressive than yesterday’s.
At any rate, MCVE will still need something more tangible if the price is to make a stable and long run up. Losing money is not attractive for investors, and the positive effect of having potential diminishes over time, if that potential doesn’t translate into success.
