All the usual, except for the balance sheet – this is the week for Fresh Start Private Management Inc. (OTC:CEYY). The usual catalyst is in place. It is yet to see, however, how the stock market would respond to it. Judging by the activity in forums and blogs over the Internet, it would appear that less people are interested in the company these days. Maybe they are just tired of promotions.
The price of the newsletter is C$10 thousand. It came out yesterday and aims at inspiring traders for a vivid session today. Just another promotion for Fresh Private. As mentioned, judging by forum activity the interest for the company stock is declining. In terms, trading activity is lower as well. Monday session, for example, closed at $0.18, which is less than a 5% increase for the day. A total of 110,100 shares were traded, and the session actually closed just after 2:00 PM. What is more interesting, by taking a closer look at the day one might discover that it consists of eleven transactions, most of which in the amount of 10k shares traded at $0.175.
On one hand, it is not surprising that there is little interest at present, since there hasn’t been a press release or some other breaking announcement for a while. What did come out this April, however, is the 10-K with an end date Dec. 31st, 2010. Yet, don`t look for revenues in it. The total current assets of the company are not quite inspiring, neither is the statement that “An estimated $120,000 is believed necessary to continue operations and increase development through the next fiscal year.” [BANNER]
On Dec. 31st, 2010 the company had a little less than $1900 in cash. Now, there have been several announcements from Fresh Start this year, all of them mentioning millions of dollars being processed in insurance claims at its Orange Country clinic. Nevertheless, until revenues are at hand, a high level of uncertainty would prevail for this company. While stock promoters could manage to create short-term hypes, they are by no means the proper tool to drive the stock price higher for a sustainable growth.