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300K+ single trade this morning. This is one of several large block trades in the last week. This company hasn't released news in ages and the stock can go weeks without a single trade, yet we have seen lots of blocks clustered in a one week period.
IFTI had an business alliance with BP (old link below). Could it be possible, it is reviving the allicance in relation to the oil spill and hence the gap up yesterday?? closely watch this stock, it could explode before you realize....
This board is for the discussion of Ionic Fuel Technology Inc. only.
Ionic Fuel Technology, Inc. is an environmental technology company engaged in the design, assembly, marketing, sale and leasing of its patented, proprietary IFT System, which is designed to reduce harmful airborne emissions from and increase fuel efficiency of heating and power generation systems. The Company markets the IFT System to various industries in the United Kingdom and Europe, such as large-scale commercial power plant and industrial manufacturers such as breweries, oil refiners, textile plants, chemical plants, vehicle manufactures, and paper mills and commercial industrial heat processors, including municipal authorities and universities.