While there have been some opportunities for short-term profits, the last few years were not exactly the best for Golden Spirit Enterprises Ltd. (PINK:GSPT). So, another shot at growth and sustainable development is due. Changes in the name, changes in the focus, yet to see if it would be of any value to the stock and the shareholders. 
Truth be told, the share price has been accumulating value throughout the last few sessions without any immediate catalyst. While there has been a steady decline since the end of July, the news about change in direction might have had a positive effect on the share price. In terms of catalyst, there is actually one more to affect trading activity today. One that was paid for.
Yesterday evening, a promotion hit mailboxes. A one-day promotion costing $1,000 which also spreads the news about the change in names and company focus. What would be the result, however, is a question of uncertainty. For once, there was plenty of time for traders to do some additional research. Check the stock performance on a broader scale, check the balance sheet as well. The last 10-Q to come out includes the following:
- $198 in cash (total current assets);
- $34k in total current liabilities;
- $18.2 million in accumulated deficit;
- $98k in revenues (from 1993 to 2011); [BANNER]
Not exactly inspirational figures. Clearly not so far, as far as stock performance is concerned. Whether this could change now that a new business direction is taken, is a question yet to find its answer.
