The previously illiquid stock of Sunbelt International Corp. (PINK:SUNB) made a significant move up after several sessions of volume generation.
Yesterday almost 902 thousand SUNB shares changed hands, and probably the volume pushed the price up 52% to $0.38.
This is the third incarnation of SUNB which used to be Lux Energy Corp. and Onyx China, Inc. before that. SUNB’s website says the company manufactures wind turbines and solar prowinder hybrids in China.[BANNER]
Unfortunately, there are no documents to show what the financial state of SUNB is because the latest available report is still for Lux Energy.
The currently available information comes from a press release issued on Feb. 10, saying the company had signed a LOI with a private Chinese banking consortium to work with non-dilutive equity financing.
Since there aren’t any details, investing in SUNB at this point may prove to be a rather speculative move.
