Two days ago, Save the World Air Inc (OTC:ZERO) made an LOI announcement. A dozen email alerts in support of ZERO stock flooded investors’ mailboxes on the same day. As a result, ZERO stock appreciated in value, but it was yesterday’s performance that really attracted traders’ attention.
Gaining 12.5%, ZERO closed the latest trading session at a six-month high of $0.38 per share on an eight-week high volume of approx. 550 thousand. By contrast, ZERO only went up 3% on Dec. 21, in spite of the official PR and the numerous email alerts which were supposed to send the company’s stock flying.
As it seems, the current market value of ZERO shares is much more favourable to stockholders than it were, say, a couple of months ago when you could buy ZERO stock at $0.21.
STWA, Inc. engages in the development and commercializing of energy efficient technologies designed to meet global energy demands reducing green house gas emissions at the same time. Two days ago, the company announced it had signed an LOI with a Chinese enterprise to license its proprietary Applied Oil Technology(TM) (AOT(TM)) for the Chinese market.
ZERO closed the third calendar quarter of 2011 with:
- less than $5K of cash;
- working capital deficit in excess of $3 million;
- zero net sales and a quarterly net loss of $2.25 million.
