Rostock Ventures Corp. (OTC:ROSV) saw a number of sessions with decent volume back in late May – mid June. Then, it fell off the radar and the volume was gone. Can this $11.5 thousand promotion change the situation?
After the weekend, ROSV had another uneventful session, closing flat at $0.08 with a volume of 10 thousand shares.
On Jul. 4, ROSV issued a press release saying Greg Rotelli, the company’s new President, is now up to speed regarding the assets of Rostock. Mr. Rotelli says the company has renewed its Yukon lease and expects to be active on the site shortly.[BANNER]
Apparently, the announcement was either unnoticed, or not exciting enough. Perhaps, ROSV being picked up by some promoters will help. The mails were sent out yesterday after the markets had closed, so their effect should be seen today.
The new 10-Q doesn’t look all that good. The company has some $1,380 in cash to account for all of its assets. This, however, was before the renewal of the lease, so supposedly now they should have something more.
Nevertheless, the future financing paragraph in the 10-Q reveals the company will continue to rely on equity sales to fund its business operations. Keeping in mind the company is in the early stages of its development, the need for funding will be significant, and so will the resulting dilution.
This doesn’t mean ROSV can’t provide some opportunities for profits for traders that do their research and know what they’re doing.
