The provider of solar and renewable energy solutions to the U.S. Federal government agencies, military, and commercial customers IX Energy Holdings, Inc. (IXEH.OB) has started stock promotional campaign. The company paid $50,000 and 500,000 shares to OTC Journal. In total that’s about $325,000. Let us now look at the company more closely.
After the last trade, the stock price jumped up by 8% and is now worth $0.55. The volume was over 400,000. Most probably the change in the stock price was influenced by the promotional campaign because I am unable to find any news justifying this. All in all the announcement about entering in joint –project development agreement with Aurora Energy is nothing more than a hype.
In addition, there is nothing much to be said about the annual report. The company is able to cover all its liabilities. Unfortunately, IX Energy does not earn money but lose them. Due to the fact that the only financial results are from 2008, it is very hard to compare how this company has performed earlier. Maybe this information will be available in several months.
