TurkPower Corporation (OTC:TRKP) has been getting hot and cold over the past days. The stock price is rushing up and down 
at full speed and no one can explain the reason for the unexpected moves.
On Tuesday, TRKP gained almost 19% on the market, while yesterday its price suddenly froze on an increasing traded volume. Will it jump up again?
Looks like TurkPower is ready to get the climb up, but this time secured by promotions. Yesterday, TRKP was promoted by NYC Marketing inc. The campaign cost $15.000 in total and the paying party remained unknown. Though, it is obvious that TRKP is desperate to to get back on track.
TurkPower Corporation is a Turkish-American consulting and service operations firm focused on the Turkish energy market. Apart from the promotions, the company has not released any announcements since May this year and presently no one is familiar with its activities.[BANNER]
Meanwhile, the latest 10-Q report of TRKP looks really bad. As of end-February, the company’s current liabilities are much higher than its current assets, while the accumulated deficit totaled over $2 million. Along with these numbers, the stockholders’ deficiency is a negative value and the net loss has increased.
Also, as of February 28, 2011 TurkPower was in default on certain loan obligations, which it cannot repay. Obviously, while there is a substantial doubt about the company’s ability to continue as a going concern, it’s only the promotions TRKP might rely on.
