IJJ Corporation (OTCMKTS:IJJP) Provides Update To
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By admin / Tuesday, 13 Sep 2016 12:00PM / Comments Off on IJJ Corporation (OTCMKTS:IJJP) Provides Update To Shareholders, The First In Over a Year / 19 views
IJJ Corporation (OTCMKTS:IJJP) recently provided an update to its shareholder, on September 7, its first update in more than a year’s time. However, investor opinion continues to remain mixed about the stock, as it has experienced major fluctuations, since the filing. Currently, the stock is $0.0002 up from its share price on September 7. In its update, the company reaffirmed that it was still an ambitious and innovative company.
IJJP noted that it was going to continue with its current business model, as a management and market developer business platform. Added to this, the company has also developed a new corporate website, which would be launched soon. The new website would allow shareholders and interested parties to sign-up as members. At the moment the company is not going to charge a membership fee. The membership would provide the users with services from IJJP. It was also stated that there would be another update from IJJ Corp, in the current week.
The company provided hints about what is to come, stating that the updates would provide details about its business direction and future strategy. IJJP also plans to update shareholders about its products and service offerings. Earlier in August, the company had filed its 2Q2016 financial results, which had helped the stock move up to its current share price. It should be noted here that IJJP completed all of its filings with the SEC, on August 15, 2016, to once again become current on the OTC.
The 2Q2016 financial report highlighted an increase of $2,000 in revenues, while the gross profit observed a surge of approximately $1,000. Added to this, IJJP reported an increase of $1,000 in expenses, resulting in no change in its EPS for the 2Q2016, as compared to the preceding year. The company’s cash position for the 1H2016 had only slightly improved, but it had not convertible debt on its balance sheet.
IJJ Corporation (OTCMKTS:IJJP) closed at a share price of $0.0005, 66.67% higher than the session before, after having a trade volume of 19.6 million, during the September 12 trading session.