Supporters of Mobile Airwaves New (PINK:ACDP) may be in for a good run today, provided that the newest promotion bears any fruit.
Prior to the forthcoming session, interested parties engaged in a paid advertising campaign in support of ACDP stock by pooling $25 thousand. The move was preceded by a 30% price surge yesterday when ACDP closed at $0.26 per share on a volume of 137 thousand.
In addition, a brand new press release has just popped up, informing investors about the appointment of a new vice president who would be responsible for the engineering department. While it will take a while before this appointment produces some concrete results, the current promotion will have a much more immediate effect which will be measured within a couple of hours.
As a limited information provider, ACDP occupies the pink sheet market tier. As of today, the latest financial report available for ACDP covers the quarter ended Mar. 31, 2011. The document revealed:
- 200 million outstanding shares as opposed to 3 billion shares of AS;
- zero cash;
- negative working capital nearing the $3 million mark;
- $23K in sales revenue and a quarterly net loss in excess of $35 thousand.
So far, ACDP’s only current assets amount to $25 thousand and exist in the form of prepaid expenses.
