The aim of Global 8 Environmental Technologies, Inc. (GBLE.OB) is to preserve our planet through environmental consciousness, technology and education. Being very illiquid, the stock has risen by 9% and remained at $0.38. Still it does not seem to be clear why the stock started getting traction.
If you looked at the financial information in the report of December, you would see that assets of the company dropped by 41% in one quarter, while operating loss almost doubled from 2007 to 2008: it went down from $3,450,000 to $5,634,000. In addition, Global 8 is unable to cover all the present liabilities. Getting back to the question why the stock price has started rising, it can be stated that it was influenced by the deal with Willy Wizard. The firm got $4,250 for the service of promoting the company.
Another company to be watched is Adventure Energy, Inc. (ADVE.OB), an energy exploration company with operations in the Appalachian Basin. Although this company has been established in 2008, it seems to be attracting investors: after the last trade the stock went up by 16%, and is now worth $0.52.
Adventure Energy is looking for support and new investors, thus it arranged a deal with OTC Picks and paid 40,000 free trading shares. This company has no liabilities, while its assets are $33,000. As announced in the annual filings, there is an operating loss of $763,000.
Finally, it should be mentioned that both companies, established last year or 10 year ago are trying to improve their image by stock promotions. Therefore, the change in stock prices does not mean that the company has started to perform more effectively.
