In the following article, I am going to look at three promoted companies which stock prices have gone down during the last trade. Master Distribution Systems (MDBS.PK) deploys the right people, processes, skills and technologies to consistently deliver unparalleled value and bottom-line results to its shareholders. Yesterday the stock dropped by 10% with the volume of about 230,000. The stock being very illiquid in recent years has started getting some traction from abroad. This attenion of investors seems to have been influenced by the promotional campaign of The Penny Play which was paid $10,000. In addition, it is very hard to believe that Master Distribution, being a non-reporting company, has appointed Dr. Bruce Fischer to the Board of Advisors from the post of chairman and managing director of a publicly-traded Anviron Holding Company.
Specializing in preventative healthcare and offering the latest technology in Digital Infrared Thermal imaging ThermaMed Inc. (THRA.PK) is non-reporting as well. Recently, the company made some announcements about its growth strategy in 2009. However, it is still hard to see anything related to finances of the company. Besides, major attention is paid to the stock promotion: OTC Stock Exchange got 1,500,000 shares of the company. Unfortunately, the stock price went to $0.25, i.e. 10% down.
Differently from the other two, MineCore International, Inc. (MCIO.PK) is a company reporting to the SEC. However, they haven’t submitted filings for several years already. The company still aims to become a member of the OTCBB stock exchange. I wonder how this can happen. All in all, MineCore has started spending big money for promoting stocks: it compensated different parties with 721,500 free trading shares in total. With the present stock price it is about $170,000.
Finally, it can be stated that the stock promotion campaign of these three companies hasn’t been very successful still. However, I don’t think this is the end and everything might change soon.