Yesterday OTC Reporter got 4,766,000 free trading shares from Smokefree Innotec and $50,000 from Bio-Clean International as a compensation for stock promotional campaigns. What are these companies doing? Let’s look at them.
Smokefree Innotec, Inc. (SFIO.PK) designs, develops, manufactures and markets hi-tech, smokeless tobacco products which are designed to protect the non-smoker from secondhand smoke and all its effects. In the same way, these products provide an opportunity to enjoy a smoke-free cigarette even in non-smoking places. Although the company paid for a stock promotion, it does not seem to be helping a lot for now: the stock price went down by 8% after the last trade. However, the volume seemed to be large enough, i.e. about 500,000.
Another company is Bio-Clean International, Inc. (BCLE.PK) which recognizes the problems facing our environment. Differently from Smokefree, the stock of Bio-Clean International jumped up by 14% yesterday. Currently, the price is $0.114.
In general, promotional campaigns seem to make some influence to these companies. Due to this reason, investors first have to check whether a company is promoted and only then decide to buy a stock or not.