FHWY closed the trading session last without change of the price at $ 0.049 per share.Thus, as stock prices had been boosted after 52 weeks down to hit several times during the last two months. They will soon see what effect it will have on yesterday FHWY promotion today, given the low price and liquidity.
Yesterday evening, we received an e-mail promotion in stock that provides a short profile of the company. The promoter has paid $ 9,000 by third-parties to the two-day promotional campaign. E-mail also mentioned an announcement that FHWY created shortly before 3 am yesterday about the positive results of the study “energy with Resveratrol F.I.T.T.” energy shot is executed by a partner company.
Traders did not seem to notice that the news yesterday, but will do so today thanks to a promo mail, which can increase the share price FHWY for a while. This is not to be ignored, however, that the shares had been strong downtrend since May this year and that there is currently no basis for an increase in the value of the company.
From late-June of this year, FITT Highway Products Inc. reports no cash, no income for the year 2010 and the first six months of the year 2011, only the debt of almost $ 4.5 million. Management stated in the last 10-Q, the company’s debts should be eliminated in some way before the company could start any business at all.