Ever since Quad Energy (PINK:CDID) announced it was going to regain a clean reporting status on the OTC market, it’s stock has, more or less, been on the increase.
The official press release informing investors about CDID’s market tier upgrade popped up yesterday, i.e one day after the massive 185% price surge which sent CDID stock at a six-month high of $0.02 per share. A turnover of 270 thousand made this run possible.
Ironically enough, yesterday’s session turned out to be a major disappointment for CDID. Although the company had just announced it had become a current information provider, investors gave a pretty lukewarm response to the news, which is why, in the end, only 17,500 shares of common CDID stock changed hands exerting zero pressure on the price. At least, the latter remained unchanged.
Shortly after the end of the last session, investors saw a new promotional campaign flood their emails. As it is, third parties have invested $7,500 to get the ball rolling again. As if to solidify this effort, the company itself has just issued a brand-new press release providing further details about its recent acquisition of the New Mexican Cave Pool Properties. The update deals primarily with the good infrastructure of the property. However, it does not provide any evidence with regard to the oil deposits the property may contain, if any.
Claiming to be an independent junior oil and gas exploration company, Quad Energy has yet to start generating revenues. Unfortunately, as of Jun. 30, 2011 the company has zero cash and limited financial power.
