Today a new investor awareness campaign supports the performance improvement of Thwapr Inc (OTC:THWI) stock.
As THWI’s price history shows up to now, whenever promoted THWI’s price climbs up, to return back rapidly afterwards.
Maybe this time remains the question how big the spike of share price will be.
Like in expectation of the revitalising stock promotion and the possible price bouncing up, on Friday THWI closed the market at $0.40 per share with no change from the previous trading session.
Only the six times higher than the daily average traded volume suggested that THWI just started gaining momentum, peradventure, to explode in the nearest days.
Five stock promoters today joined forces to push up THWI. Who pays for the party? For the knowledge of investors, and the management of Thwapr Inc. who stated a few weeks ago that they “did not know of these promotional activities”, two main third parties are starring this time.
One of them is Stock Appeal LLC, paying forty five thousand dollars for a one-week THWI advertising services contract. The other one is the company Echelon Golbal Advisors, which compensated a group of promoters with seventy five thousand dollars for increasing the pubic awareness for THWI.
What follows, today’s trading session will show. In the end of January, thanks to a stock promotion and though the not distinct shares price jump up, the performance of THWI was landscaped. Last month, a stock promotion and released by the company solutions for mobile video in different market segments succeeded to form the explosive shares’ performance.
Perhaps, these days investors who remember how in mid-March THWI gained 286.36% in a day will keep the strong hope for the next opportunity to monetise the investment in THWI. Possibly the recent promotional euphoria will be backed up again with the company’s announcement for options offered to the business entities for monetizing mobile video.[BANNER]
While touching the delicate topic about monetising, it is good to mention a few more facts. As a result of all offered by Thwapr Inc mobile video solutions, officially as at the end of the last September all the cash provided to the company came from the financing activities, thus meaning it resulted from the proceeds from sales of the company’s common stock and the issuance of convertible notes.
Seems like the information contained in the not disclosed yet more recent financial reports would be the same.
Since its inception in 2007, being in a development stage, the company accumulated a deficit of $15.93 million. In this amount there are no patents recorded. As stated by Thwapr Inc.: “We have filed for certain patents on our core technology, however, to date no patents have been issued and there is no certainty that we will ever be issued patents protecting our intellectual property.”
