Pepper Rock Resources Corp (PINK:PEPR) got back on the progressive move. Yesterday, the stock broke up the loss and its 
price rose up once again. In fact, lately the price hesitation has certainly attracted investors’ attention. Yesterday PEPR closed at $0.93 for a share.
No doubt there are a couple of reasons for the sudden ups and downs – promotions and positive news about Pepper Rock Resources. According to the records, last week PEPR was promoted by Research Driven Investor, being compensated $75.000 by Parrell Marketing Services LLC for the campaign. RDI based the stock alert on the appointment of Mr. Richard Redfern to Pepper Rock’s Board of Directors. The new appointment is considered as a key step for the company due to Mr. Redfern’s great experience with joint venture mining operations.
The news released by Pepper Rock was absolutely identical to RDI’s alert and was meant to follow the positive series of company’s news over the past weeks. The optimistic press releases along with the promotional campaign has certainly influenced PEPR stock price and the climb was immediately on. However, considering the previous price changes of the stock, it is still not certain how long the current up move will resist.
Pepper Rock Res. is a junior explorations-stage company with developing interests in natural resource exploration and development opportunities in North American jurisdictions. Lately, the company has been regularly publishing positive announcements on its activities, however, they failed to support the stock price. On April 5, PEPR reported they have entered an Option Agreement with ANK Consulting, LLC, whereby the company would acquire 100% of the mineral rights held by ANK pertaining to certain mineral claims located in Alexandria, British Columbia Canada. The total sum for Alexandria Claims was $400,000, most of which are yet to be paid. However, the financial condition of Pepper Rock doesn’t look much perspective.[BANNER]
According to its 10-Q, as of end-January, this year liabilities of PEPR are much higher than its total assets, while the deficit accumulated during the development stage period already totals over $2 million. Besides, the company still has to cover the sum for Alexandria Claims and it is not clear where it will get the money from.
As claimed in the report, Pepper Rock has not generated any revenue since inception and has never paid any dividends and is unlikely to pay dividends or generate earnings in the immediate or foreseeable future. The continuation of the company as a going concern is dependent upon the continued financial support from its shareholders, the ability PEPR to obtain necessary equity financing, and the attainment of profitable operations. In case none of these happens, the continuation of Pepper Rock will be placed under a substantial doubt.
