The Microcap Speculator submits: HQ Sustainable Maritime (ticker: HQSM.ob), first profiled here when it was trading at around .28, today announced that it has retained investor relations firm Consulting For Strategic Growth I, Ltd. to launch a "Massive Investor Relations Campaign." According to the plan, CFSG will promote the stock though meetings with over 1,000 broker-dealers.
I hate this move. It is a low quality tactic for a high quality firm. A quick look at CSFG's client list shows that CSFG caters to smaller, struggling companies. HQSM has been executing magnificently, firing on all cylinders. It does not need to stoop to this level.
If HQSM wants to appeal to a broader audience it should upgrade its listing from the OTC BB to the Amex or Nasdaq Smallcap. That move, in my opinion, would be much more effective than paying consultants to pump the stock.
DISCLOSURE: I am long HQSM.OB. Not a recommenation to buy or sell any security. For informational and educational purposes only.
HQSM 1-Yr Chart