At the end of the last trading session RZOR had lost another 16% of its value and closed the market at $0.10 on above the average trading volume. The fact that RZOR shares were worth almost 60 cents each just at the beginning of last month might look scary for many, but exactly that volatility could attract the many risk-loving traders again. The promotions are starting all over again as well, and they have certainly been so far a factor on the market for RZOR shares since December last year.
For the e-mail from yesterday evening the promoter received $25,000 for a one-month investor relations contract. The same third party that paid that amount has previous paid $40,000 also for a one-month contract. The lower promoting fee could have a meaning related to the expected dollar volume to be generated by the promotion, still in this case it could not be such a reliable indicator for what share price move to expect today.
As of end October 2010 Razor Resources had no liquid assets and no revenues. Only the company’s press release indicate that it is working to build up a fundamental base for the business.
