FONU2 Inc (OTCMKTS:FONU) Bounces On Paid Promotion

[[tagnumber 0]][[tagnumber 1]]The stock of FONU2 Inc (OTCMKTS:FONU) has been sliding down the charts since the second half of August. The ticker showed a lot of volatility, often closing with big percentile movements. Sometimes, however, it went nowhere and the movement was very unpredictable.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Still, it did lose quite a lot of value over the course of a little over two months. To put it in numbers [[tagnumber 6]]FONU[[tagnumber 7]] lost a grand total of 98.8% in the period between August 19 and October 21. The ticker nearly reached rock bottom and lost quite a lot of its market cap, but the numbers contained in the latest report filed by the company don’t suggest much more.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $178 thousand[[tagnumber 13]] [[tagnumber 12]]current assets: $191 thousand[[tagnumber 13]] [[tagnumber 12]]current liabilities: $4.07 million[[tagnumber 13]] [[tagnumber 12]]revenues: ZERO[[tagnumber 13]] [[tagnumber 12]]net loss: $1.89 million[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Meanwhile, the printing presses are working on full steam. A total of more than 65 million shares have seen the light of day just from the beginning of this month as conversion of debt. The rates at which the shares were issued were between $0.00022 and $0.00048.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The previous months saw even more issued shares and the number of outstanding shares as grown to 390 million by now. It also seems that some of the recipients of the shares have decided to cash in, using the old pump method.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]On October 21 The Next Big Trade received $15 thousand to pump the stock of [[tagnumber 6]]FONU[[tagnumber 7]] from Cambridge Consultants. This resulted in a 33.33% gain during yesterday’s trading and the ticker closed at $0.0004 while a total of 200.73 million shares changed their owners and generated $91 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]It looks like the pump is working its magic in today’s session as well, as we see that [[tagnumber 6]]FONU[[tagnumber 7]] is already 25% higher in the charts. How long can the upward run last, however. This is for time to tell, but the consequences following paid promotions are usually quite grim.[[tagnumber 2]]