Inova Technology, Inc. (OTCMKTS:INVA) Up 138% on Promotions, New Contract
Inova Technology, Inc. (OTCMKTS:INVA) reacted immediately to a promotion tied up with good business development, jumping more than 138% to $0.0031. The double-zero price means enough space for further big movements, especially if the promotion and the press releases continue. 
INVA is a company with a stock price seemingly mismatched to its business. According to its press releases, INVA is gaining enough networking projects to keep afloat, despite the low stock market activity and price. INVA has an ambitious, though debt-burdened business with: 
- $249,252 cash
- $1.6 million total current assets
- $20.59 million total current liabilities
- $2.5 million quarterly revenues
- $3.5 million net quarterly loss
The latest contract is with the Dallas and Fort Worth school systems, promising revenues of over $1 million. Added to this is a promotional email from Surfs Up Stocks, for an unknown compensation, probably for free. Double-zero stocks often attract investors for the potential to easily boast with a strong past record of growth, of course deliberately cutting the drop from the charts. On May 2nd, INVA was mentioned by Penny Stock G.
Also, the company has a long backlog of projects, mostly for Texas government activities, promising future revenues through subsidiary Desert Communications. The company also promises that the more active projects will go hand in hand with a debt-reduction program. The future will show how the activities translate on the balance sheet, but the messages themselves were encouraging for the stock.
INVA was promoted way back in 2011, when it spiked to nearly 14 cents on very low trading volumes. The new year started with greater activity, especially after the company became more active with its projects and news releases. It is possible that INVA may be given more attention for a longer paid promotional campaign.
Surf Up Stocks is a brand new pumper with only two emails to its name, for Sycamore Entertainment Group, Inc. (OTCMKTS:SEGI), as well as for recently active Northumberland Resources, Inc. (OTCMKTS:NHUR). SEGI shows boosted buying volumes on the mention, but also the possibility for deep corrections, even at rock-bottom prices. While INVA sounds promising on paper as a relatively solid business, a double-zero stock is not the place to be unless you can afford to lose on the corrections.
