Yesterday, despite a paid pump campaign, Brasil Resources, Inc. (PINK:BRIZF) closed flat at $1.36 on just 18 thousand shares, which is actually a high volume compared with most previous sessions.
Today Research Driven Investor is also joining in. RDI discloses a $40 thousand compensation paid by Lake Group Media, Inc., which also paid $50 thousand for the previous promotion by Shazam.
BRIZF is a Canadian exploration company and its quoted on the TSX Venture Exchange too under the symbol BRI.[BANNER]
The company hasn’t released any news since an year-end shareholder report in early January, which may be one of the factors for the limited trading even with the $50 thousand promotion yesterday.
According to the latest financial report, the company had nearly 6 million Canadian dollars working capital. BRIZF wasn’t generating revenue and with the company keeping silent, it probably still isn’t.
Keeping in mind yesterday’s market performance of BRIZF, the effect of the new promotion is anything but certain.
