During the weekend, our radars were able to detect another expensive promotion on the well known Brainy Brands Company (OTC:TBBC).
Some investors may still remember that TBBC received a very expensive promotion in July this year. An unknown party had spent $600 thousand on a campaign led by Stock Market Life, which surprisingly or not, caused a major slump in the share price of TBBC.
At that time, TBBC share price went down from $1.2 per share to $0.6, which was a devastating blow to those holding long positions in the company. However, the days that followed the campaign brought more anxiety to TBBC investors as the share price continued to decline and hit a 52-week low at $0.22 in mid-September.
In the last couple of weeks, though, TBBC managed to find some strength to climb up. In the last trading session, TBBC finished 7% higher than the previous close at $0.35. The volume for the day exceeded two times the daily average with more than 240 thousand traded shares. [BANNER]
Apparently, the short rally has once again attracted the eyes of promoters to the company. Our database shows that during the weekend certain promotional sites had started touting TBBC to the market. All the newsletters coming from different promoting websites had the same compensation and third party.
Namely, the entity who had ordered the campaign is called Entersa Ltd and it has provided $200 thousand for the promotional effort.
From a technical point of view, there is a notable upward trend in the MACD indicator which may explain the rallying of the stock in the last couple of days. However, if the current promotion works out so well as the last one did, investors will have another reason to be anxious and put aside the positive signal by the MACD indicator.
