Promotions and good news news for Stakool, Inc. (OTC:STKO) would not cease and in the last two days they had again a positive effect on the stock price of the company. Although we have received a new promotional e-mail last night, it is not reasonable to expect that STKO deserves a higher value on the market.
Yesterday, STKO closed at $0.0075 for a share which represents a 7.14% gain from the previous close. Trading volume was more than five times higher than the daily average for the past three months as over 3.2 million shares got traded during the day. We do not expects that the increased interest towards STKO could hold for longer, however.
It was again initiated by news from the company and paid promotion. There is a promotion for the coming session as well. Last night, we received an e-mail from promoter Stock Stars who received $25,000 from a third party for a one-day advertising contract.
At the same time, STKO published yesterday two press releases in one day. Both concerned the company’s subsidiary Anthus Life Corp. The first one said Anthus and its partner online grocery food delivery service are optimizing their co-sponsorship of Ontario Tennis Association (OTA), later the same day STKO said Anthus were in the final stages of repackaging its Natural plus Energy product.
On all the promotions and press releases, traders may not have noticed that at the end of March STKO filed a notification of late filing concerning its annual report for the past year. Since STKO had so far reported no considerable assets or revenues, its financials do not seem to matter anyway.