After being on the zero price change since the beginning of June, a couple of days ago WRAPMAIL INC (PINK:WRAP) stock
price fell down 30%. Yesterday, it froze again, though it looks like this may change any minute.
Historical records show that the latest news by Wrapmail came out on June 2, when the company reported it was helping the Wisconsin Center for missing children and adults search via e-mail. At that time, WRAP stock price didn’t change and no other news was to follow after that.
Though, it turns out that Wrapmail has found another way for getting back on track. This time it is by promotions.
Yesterday, the stock was promoted by Stock Guru, who alerted traders on the company’s successful marketing trail. The campaign cost $11.300, though the paying party remained unknown. Anyway, in case the result of the promotion is positive, WRAP might jump up any minute.[BANNER]
WrapMail, Inc. is a publicly traded company with the basic idea to utilize the facts that all businesses have websites and employees that send emails every day. Last month, the company filed its quarterly report, which was not much inspiring.
According to the 10-Q, as of end-March this year WRAP had an accumulated deficit exceeding $4 million, excluding the net loss and the long-term debt. At the same time, the company’s revenues are not sufficient to cover the losses, so Wrapmail will have to find another way to do it. However, instead of getting profitable, the company has sold huge amounts of its commons stock without considering the risk of dilution.

