POWRtec International Corp. (OTC:POWT) is climbing up at full speed these days. The climb started at the beginning of this 
week and it continues today. Until now, POWT stock price jumped up over 100% and traded more than 7 million shares on the market.
At this point, the reason for the massive trade could be only one – expensive promotions. The campaign cost over $500,000 so far and it keeps pumping up the stock price of POWT.
Will the up move continue? The promotional alerts named the company “The Largest Gainer of 2012”, though it is still too soon to make any conclusions.
In December, POWRtec managed to trade 21.2 million for a day with no reasonable explanation. Considering the fact that the company’s average trading activity was less than 348,000 traded shares in a day for the past three months, it provoked many questions. Looks like something is happening with POWT and it is yet to be seen.[BANNER]
Apart from the promotions, no news on the company has been released since end-December. Instead, its latest 10-Q report shows that POWRtec’s only client has not made any orders since late 2009, which explains the lack of any revenues.
Besides, POWT losses since inception are already about $8 million and its current liabilities exceed its current assets by $3 million.
Apparently, POWRtec desperately needs to raise capital, but there is not even a hint at any already found potential investors.
