Indeed, great news for GEO Finance Corp(PINK:GEFI) last week. News, however, that did not serve in the normal way,as the stock took exactly the opposite direction. A few days ago, it was running as if there was some catalyst to inspire traders; as if there was great news released. 
At present, GEFI is back to where it all began. On Friday, the session closed at $0.039 per share. The same price as a week before. The same price as a month before, and two months before. In fact, it has been quite a while since vivid trading activity took place for GEO Finance. Well, there was nothing major to serve as a catalyst. Nothing until last Thursday. Then the press release came. After months of silence, oil well re-work production flow was announced. As the CEO mentions in the PR, it is a “substantial achievement for the company”. So, one would expect that upon such a positive indicator traders would form a hype on the stock market, pushing the stock price way above. It did not happen exactly like that way on August 4th.
It did, however, happen exactly like that on August 2nd, namely last Tuesday. That day, the daily trading volume reached almost 900k shares as the stock price more than doubled. Yet, after reaching $0.1 on Wednesday, the decline began. A decline which would not stop despite the above mentioned press release. What is more, this hype has no easy explanation as it has no clear catalyst to sparkle it. Nevertheless, an important question that remains is – what comes next? [BANNER]
Now, one possible scenario for Monday is to be another day of increased trading activity. The reason – a stock promoter sending an alert on Sunday. As for the direction of the stock price – this is the harder part. Given the time that the alert came out, people would have had the time to do some research in order to assess whether GEO Finance is worth investing in. Apart from the sudden unexpected burst last week, they would also find out that this pink sheet has the following in its Interim Financial Report covering a quarter with an end-date April, 30th this year:
- $3750 in cash;
- $451k in assets;
- $144k in deficit;
- $0 in income;
- $51k in net loss;
Not much to see in this report, not like the usual 10-Q. With this at hand, combined with the above mentioned stock price movement, it is uncertainty that prevails for GEFI on the stock market up-to-date.
