On Monday PTS, Inc. (PINK:PTSH) had something of a promotional push which, as it often happens, led to a surge in the morning but eventually ended up with an 8% drop on more than 1.3 million shares.
The real pullback, however, came yesterday when PTSH plummeted, losing another 50.87% for a close at $0.0113 with a volume of approximately 361 thousand shares.
One of the promoters had attempted to pump PTSH before and as of the last promotion on Monday the compensation received for touting PTSH had reached $92.5 thousand. Another promoter featured PTSH on Monday too. The compensation in this case was $5 thousand.[BANNER]
In addition to the pump campaigns, PTSH has made a number of announcements and recently published the interim financial statements of its subsidiary Navistar Global Logistics.
The market reaction suggests PTSH hasn’t done a good enough job of convincing traders it is a solid investment at this point. The financial report of Navistar did provide some insight into the business situation, but it may have disappointed some people with the negative bottom line.
