Shares in Empire Post Media Inc. (OTC PINK: EMPM.PK) are currently up 281.67% for the month with volume surging as momentum builds on the penny stock. EMPM traded 1,578,807 shares yesterday closing down -2.55% at $0.229.
EMPM shares have seen a surge in both price and volume since the awareness campaign began circulation March 24th. EMPM has had share price increases of nearly 20% daily.
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In August, 2011, penny stock EMPM acquired the rights to a TV reality show, “Journey Beyond”, TV rights to “Past Lives” and “On the QT”.
On the heels of Tiger Woods’ PGA Victory last weekend, EMPM annonced today that the penny stock company has acquired E-book rights to “A Fairway to Heaven,” the English TV/DVD series which illustrates the architecturally ideal golf course.
EMPM made it known that production for “A Fairway to Heaven” is underway and release is scheduled for the end of the summer.
EMPM has a Market Capitalization of $57.30 Million with 250.24 Million Shares Outstanding, The Float for EMPM is around 27% of the Outstanding Shares.
RSI is hovering just under to 70 line at 68.20 currently which indicates that EMPM does still have room to increase in price.
MACD and MFI are moving in opposite directions whereas MACD is showing bullish signs above both the trigger and zero lines while MFI has tapered off since the surge in Volume on Monday.
EMPM filed its most recent 10K with the SEC for the fiscal year ended November 30, 2011. EMPM reported cash of $51,098 compared to $908 for fiscal 2010. EMPM also recorded its first revenue since inception reporting $89,603 with a gross profit of $11,000.
Empire Post Media, Inc. (EMPM) was founded in the State of Nevada on October 13, 2009. EMPM has been concentrating to become a 3D TV content developer, producer, 2D to 3D converter and 3D distributor.
This has been accomplished by developing TV projects in house, acquiring TV projects from outside sources, producing projects for 3D TV, developing facilities to convert existing 2D properties to the 3D TV format and providing distribution of 3D TV content to all forms of electronic media.
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