Scorpex Inc. (PINK:SRPX) closed the week on the progressive move. On Friday, the stock soared 17.39% and its traded 
volume jumped up.
The gain happened on no news released, though it looks like Scorpex is eager to hold it by promotions.
The campaign was held yesterday when SRPX got pumped up by Penny Stock Explosion for a compensation of $7,500.
That was the first stock promotion this month, after the ones in January and December which alerted massively on SRPX. Nevertheless, these failed to support the stock price.
Scorpex, Inc. is developing its first toxic and hazardous waste storage, treatment, and disposal site near Ensenada, Mexico. The last news by the company dates from Jan 25 when SRPX reported a $90 million financing commitment from International Renewable Energy Facilitation Company linked to the recent purchase contract with IET. However, since then nothing further on Scorpex has been announced.[BANNER]
Meanwhile, the company’s financials remained rather discouraging. As of September 30, SRPX still had some cash on hand, though its net sales pointed $nil and the company’s liabilities were not covered. At the same time, the accumulated deficit got almost $17 million and the report was full of losses and risk factors.
Apparently, SRPX intends to rely on its new financing commitment, though it hasn’t been received yet.
