price changes and a one-day loss in November, yesterday SAEI soared 58.82% and traded over 7 million shares on the market.Obviously, there is something mysterious around Supatcha, or that’s the promotional series that make the stock go up and get overbought.
According to stockpromoters.com, there was another promotion for SAEI yesterday that pumped up the price. However, no compensation for it was listed. Along with the promotion, Supatcha announced a conference call on December 20 to discuss its 2010 third quarter operational update.
As already mentioned on hotstocked.com, in end-November SAEI was rushing up again due to the news about their repurchase program. The company announced they would finance it with funds of their own, however, the financial report showed an absolute lack of cash. Though, the stock managed to hold the up move for a while.[BANNER]
Now SAEI is climbing up again, this time in quite strange circumstances. Looks like that’s either a successful PR strategy, or just a promotional gain as every time the stock is down it gets the up move again.
Meanwhile, the company’s financials continue to look disastrous and the management claims that unless they find additional financing they will cease operations until more cash is raised.
The question is what will happen next? Maybe investors can get more answers during the company’s conference call this month.
