Thwarp Inc. (OTC:THWI) provides cloud-based mobile video sharing services to brands aiming at mobilizing and monetizing content. In the last two sessions THWI has been moving up, but this isn’t based on any news or filings.
Yesterday, THWI closed up 20.81% at $0.18 with 66 thousand shares changing hands.
The company hasn’t issued any press releases since Sept. 12. Back then, THWI announced it would be the mobile video partner of the Audio Engineering Society for a promotional campaign of a project of the AES.[BANNER]
The announcement didn’t have a profound effect on the market. There haven’t been any new filings in the last month or so, either.
There are some promotions. Two promoters disclose $2,500 in compensations each. The mails don’t provide anything new as information, but some people on the message boards are excited about the possible market reaction to this pump.
The last quarterly report wasn’t very inspiring. THWI reported negative working capital again and more than a million in net loss, which is still less than the previous quarter. The report for Q3 should be available some time soon, but until then THWI will have only promotions to drive its stock price.
