dPollution International Inc. (PINK:RMGX) has been in the news a lot lately, with their fuel consumption device being tested by a major corporation and heavy stock trading alerts concurrently going off. However, the stock continued to show weakness and the increased trading volume only worked to drive the price further down.
Italian engines producer VM Motori S.p.A tested dPollutions technology with their model D7061E2 diesel engine and announced positive results on November 17. The test showed 10% reduction in fuel consumption along with positive changes in exhaust temperature, torgue, power requirement to run the engine, and decreased smoke. The test confirmed results announced by the company at the end of October, but had no direct material impact and in turn didn’t have a lasting effect.[BANNER]
Stock price found some support at 90 cents, but the double top like pattern is still imposing rather strong selling pressure. Market cap remains inflated, at $93.4 million under the current price per share. dPollution’s technology is currently valued only $1.5 million and it is not yet clear when it will start generating sales.
The company currently has no revenues, and continues to operate with virtually no cash and increasing debts. The main source of income for this developments stage business is advances from a related party – more specifically from one of the managing officers.
