QED Connect Inc (PINK:QEDN) once again received a promotional charge yesterday after the end of the trading session. The company has already turned into a regular customer of various promoters after it made a reverse stock split at the beginning of April.
The stock split took place after QEDN had reached the ultimate bottom at $0.0001 and so far it hasn’t had any positive effect on the company’s stock. On the contrary, QEDN took the down road right after the split and in the course of two months the value of the shares plummeted to $0.1.
Yesterday, QEDN managed to push up from this level and closed 50% higher at $0.21 on a slightly higher than the daily average volume. Five thousand shares were part of the short volume out of a total volume of 26 thousand shares. [BANNER]
After the end the trading day, QEDN got featured in a promo letter from Wind And Sea Inc. The promoter had received $10 thousand as compensation. However, it seems this promoter doesn’t have a history on the Hotstocked database and details such as average generated volume and average intraday high cannot be analyzed at this stage.
So, in the coming session investors will have to bear in mind the possible influence of the promotion on the stock performance and take the necessary precautions in case a price correction supervenes.
