The Promotion On YaFarm Technologies, Inc. (PINK:YFRM) Starts Losing Ground
When a handful of promoters unleashed a full-blown advertising campaign in support of YaFarm Technologies, Inc. (PINK:YFRM) yesterday, they had no official corporate news to lean on. Nevertheless, the pump job proved extremely successful as the stock in question exploded with a 164% gain. Needless to say, the emails kept coming in today, as well. Will they bring in a similar surge, though?
Considering that the latest batch of promotional emails in favor of YFRM are basically carbon copies of the ones we got yesterday, they are highly unlikely to mirror the success of the former. In this respect, the promotion, which, by the way, has been reported to cost at least $150 thousand, might be deemed exhausted as all the third parties involved will certainly have already got rid of their stakes in the company at high tide.
So how are YFRM shares performing today? One hour into the current session, YFRM stock is quoted at $0.135 per share, down 15% from its bombastic close yesterday. In brief, the stock is already tanking with more than five hours to go till the end of the session. That is why, the last-minute news published earlier today regarding the agreement to provide on-site stem cell treatments at a Mexican hospital will hardly help the stock withstand the promotional pressure.
Even if the agreement mentioned in the preceding paragraph marked a real cornerstone for the company, it would take considerable amount of time before making any actual impact on YFRM‘s miserable financial state. Except for the $1,051 in cash, the company has no other assets whatsoever. Its liabilities, on the other hand, are solely represented by notes payable, which raises substantial doubt whether YFRM managers are doing any real business at all.
As long as YFRM keeps filing practically empty quarterly reports, it will certainly compromise its business activities, thus failing to attract investors’ confidence in the stock for the long run. Instead, YFRM shares will most probably remain a frequent promotional target.
