"Great news coming" means ZMRK PPS will drop.
It always does. And it declines even further in the weeks following the announcement. The reason why that happens is quite simple. Zalemark NEVER delivers on what it says. The company, along with the ever hopeful wishful thinkers are trying to hype the stock price do they can get out without taking HUGE losses. But the reality is the Zalemark PPS has only one direction...and that is down.
The press or news releases may or may not have an impact on volume but it ALWAYS has had a negative impact on the PPS.
Here is the before and after info on the last three "material events":
Q3 financials are released on Monday, November 16, 2015.
Friday, November 13, closed at $0.186. Volume 888.
Monday, the 16th, closed at $.0184. Volume was 120,340.
Tuesday the 17th, closed at $.0131. Volume was 102,884.
Audit engagement letter press release: November 11, 2015.
November 10. Closes at $0.0186. Volume was 10,432.
November 11. Closes at $0.0186. Volume was -0-.
November 12. Closes at $0.0166. Volume was 29,018.
The Kodiak million dollar press release: October 29, 2015.
October 28. Closes at $0.021. Volume was 120,240.
October 29. Closes at $0.0136. Volume was 333,436
October 30. Closes at $0.017. Volume was 83,864.
Please don't forget that some of those closes would have been lower if someone hadn't been slapping the ask at the close with the 888 or now 1,000 share trades.
