Positron Corporation (OTC:POSC) has been promoted since Saturday, though currently its stock price is falling down. After a spectacular gain on Monday, POSC started moving down again with no reasonable explanation.
Historical records show that an unknown paying party has paid $112,500 for promotions so far and the alerts keep floating all over the Internet. Apart from these, Positron has been constantly releasing good news on its business. Nevertheless, a couple of days ago the up move was broken.
Yet, there might be another chance for POSC to aim the top again as yesterday the promotions continued, as well as the positive news on the company. The latest one has just reported promising growth strategies for Positron, while some industry experts are questioning the FDA approval process.
In any case, POSC stock price keeps hesitating on the company’s discouraging financials.[BANNER]
As recently reported on hotstocked.com, the 10-K showed that Positron’s sales got higher, however, its operating loss jumped up and the net loss doubled as compared to the year before. Besides, the report was full of risk factors which are beyond Positron’s control.
And while POCS continues operations under a going concern, it turns out that its management relies mostly on promotions and news to pump up the stock price.