pgyc_2.jpgPatriot Energy Corporation (PHYC.PK) engages in the development and marketing of energy efficient technologies with a focus on reducing America’s dependence on Foreign Oil. On Wednesday, the stock moved up lightly by 2%. The stock price stayed at $0.029. However, the volume was rather big of 2,900,700.

This uprise does not make the company look more inviting. Patriot Energy does not send financial information to the U.S. Securities and Exchange Commission. Thus the latest announcement about the deal with Toshkent Overseas does not look legible. It rather seems to be hocus-pocus.

In addition, the deal with does not put more reliability in the company as well: has been compensated $7,800. I wonder what you think about Patriot Energy.