Carbon International Inc. (OTCMKTS:CARN) Up Again on InsaneStocks.com Mention
Another stock ending on a high note on Friday, Carbon International Inc. (OTCMKTS:CARN), which added a third to its price on more than 20 million shares sold. This is directly attributable to the newest promotional email, landing on May 25th and perhaps setting up a positive Monday. With two days of active buying, the new week may start on a negative note. 
But if you want to join any CARN trends, hurry up, since the company is contemplating a name change. The new entity is expected to be Single Point, Inc., to reflect the company’s mobile technology and mobile marketing. The new company will inherit these financial strengths and weaknesses from the old one:
- $5 thousand Cash
- $21 thousand Current Assets
- $122 thousand Current Liabilities
- $3 thousand Quarterly Earnings
- $91 thousand Quarterly Net Loss
But those data are quite outdated, and with a stock price of $ 0.013, CARN will likely move due to investor sentiment on the new promotional email, as well as in response to the regular attention-grabbing press releases. The campaign for CARN is long-term, starting in September last year, and going on sporadically, to become more active in May.
Today’s CARN stock is also highly diluted, as the company updated some of its financial reports to announce it was finished with a great new stock issue. The share count bloated from 48 million in February to 68 million, and currently CARN shares cost a faction of the price from the last promotions in 2012, when the ticker briefly touched 5 cents.
The latest message is from InsaneStocks.com., seemingly a one-off message with no compensation,along with two other tickers, surprisingly- mortgage giants Freddie Mac and Fannie Mae (FMCC and FNMA). Currently InsaneStocks.com has a longer-running promotion, of Global Entertainment Holdings, Inc. (OTCMKTS:GBHL). The ticker peaked at 10 cents, and it’s been downhill from may 19th onward, as investors shed their holdings and depress the price by 60%.
It is unknown if CARN will see new promotional efforts soon, but at its current levels of about a cent the stock is still cheap enough to invite fast bets. It is best to keep your investments affordable, since the ticker has shown that besides steep climbs it is capable of deep corrections.
