Italk Inc (TALK) Shares Up Over 400% This Month on
Post# of 8802
Posted On: 12/21/2015 6:27:37 PM
Italk Inc (TALK) Shares Up Over 400% This Month on Reverse Merger
One has to love microcap stocks, especially when you can realize a 400% gain over a matter of weeks. This is just what has occured for one small company called Italk Inc (OTCMKTS:TALK) whose stock has risen from $0.0002 to $0.0009 since the start of December. The main cause of this share price appreciation is a reverse merger announced by the company earlier this month with a Wireless Equipment Distributor & Technology Services Provider called United Mobile Solutions Corp.
Because of the fact that approximately 1.2 billion shares are outstanding, and the new company they’ve merged with has annual revenues of $16 million, investors view this stock as grossly undervalued. Currently the market cap is just over $1 million, meaning that revenues are almost 16X the market cap, while growth is also expected.
One thing that’s important to remember when dealing with microcap penny stocks like Italk Inc (OTCMKTS:TALK) is that dilution is always possible as the merged company looks to raise additional capital for expansion. We will be following this company over the remainder of the year to see what additional information pertaining to the merger and future plans come about.
http://ir.net/news/stock-news/122534/italk-in...se-merger/
One has to love microcap stocks, especially when you can realize a 400% gain over a matter of weeks. This is just what has occured for one small company called Italk Inc (OTCMKTS:TALK) whose stock has risen from $0.0002 to $0.0009 since the start of December. The main cause of this share price appreciation is a reverse merger announced by the company earlier this month with a Wireless Equipment Distributor & Technology Services Provider called United Mobile Solutions Corp.
Because of the fact that approximately 1.2 billion shares are outstanding, and the new company they’ve merged with has annual revenues of $16 million, investors view this stock as grossly undervalued. Currently the market cap is just over $1 million, meaning that revenues are almost 16X the market cap, while growth is also expected.
One thing that’s important to remember when dealing with microcap penny stocks like Italk Inc (OTCMKTS:TALK) is that dilution is always possible as the merged company looks to raise additional capital for expansion. We will be following this company over the remainder of the year to see what additional information pertaining to the merger and future plans come about.
http://ir.net/news/stock-news/122534/italk-in...se-merger/
(0)
(0)