You can’t call it a dump, but shares of Domark Intl. (OTC: DOMK) stock dropped 43 cents, -14.16%, Friday to $2.42 after SolaWerks, a wholly owned subsidiary of Domark, fulfilled their promise of having the SolaPad ready for purchase. Shares of DOMK were as high as $3.16 during the last trading session with 1.38 million shares traded, about half of the previous Friday’s dollar volume of $5.5 million. Solawerks announced pre-market that sales of its hot new “SolaPad” product have already beaten the new CEO, President, CFO, Secretary and Treasurer of DOMK, Brent Strasler, expectations.
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According to the press release, the Company has already entered into discussions with its contract manufacturer concerning the timing of subsequent product runs. Amazing how comments as to how Michael Franklin’s sudden resignation and replacement Brent Strassler’s capabilities to produce results for DOMK have never surfaced.
Supposedly, SolaWerks has received inquires from several national retailers requesting information on placing bulk orders of the SolaPad and SolaCase products.
Bottom Line: This is one of those penny stocks I wouldn’t hold much faith in other than the fact that volume has been lite enough throughout its ascent that the risk of a dump is minimal compared to AGRT or GWBU. Still, the product is bulky and there was no chatter over the weekend of people knocking each other down to buy the SolPad.
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