Today UFood Restaurant Group, Inc. (OTC:UFFC) will trade under the effect of promotion. The company was featured in a newsletter issued yesterday afternoon.
The campaign is led by Penny Stock Explosion who disclosed in the newsletter’s disclaimer that he had been compensated $6,000 by a third party called Equities Awareness Group.
The promoter states he does not own any shares in the company and admits he hasn’t investigated the background of the third party. Therefore, Penny Stock Explosion issued a warning that investors should assume that the Equities Awareness Group and its affiliates o
wn UFFC shares and may plan to liquidate.
The disclaimer also showed that the campaign will last two days. Last Friday, the stock went down 3.64% on a volume of 240 thousand shares. At the closing bell UFFC share had reached a price of $0.106.
That was a move below the short-term support and may be construed bearish by market participants. In this regard, another important indicator, the MACD, also started sliding down driving the histogram in the negative area.
