So true.
You see a lot of penny stocks drop on news, which to most people makes no sense. I believe it's because you release it premarket and if it's not off the charts incredible, which most news is not, then shorts (and traders) assume they are safe for another day as nothing else is coming.
Midday PRs a little more unpredictable.
btw, Stemtech a big company. They just made an offer to buy another company and below you see they are reengaging a lot of the past distributors.
What I like is they event talk about Verb in their last Q
I haven't listened to their Q presentation yet, but plan to.
You see a lot of penny stocks drop on news, which to most people makes no sense. I believe it's because you release it premarket and if it's not off the charts incredible, which most news is not, then shorts (and traders) assume they are safe for another day as nothing else is coming.
Midday PRs a little more unpredictable.
btw, Stemtech a big company. They just made an offer to buy another company and below you see they are reengaging a lot of the past distributors.
Quote:Stemtech launched a new marketing program in January, 2022, and our sales continue to come from returning consumers who believe in the quality products, as well as new members. Until September 2021, the Company had operated on an extremely tight budget, with inadequate working capital and difficulties fulfilling orders. Since the cash infusions noted in “Financing” infra, the company now has the resources to contact and re-engage the over 200,000 former distributors. With this new cash infusion, the Company has engaged experienced marketing and social media professionals to initiate new marketing strategies which are expected to bring increased activity. Moreover, we are now better positioned to absorb significant new clientele either as product consumers or business builders, as the company has directed significant cash towards our inventory and marketing efforts. Management conservatively believes that given the cash on hand and working expenditures as describe above, we can reinvigorate sales to be more consistent with the company’s previous revenue historically, as we were recognized 4 separate years in the Inc 5000 Magazine’s list of fastest growing companies.
What I like is they event talk about Verb in their last Q
Quote:In order to grow our company’s IBPs post pandemic, we are now reinstituting in-person meetings, contests such as a travel incentive which began August 1 for trip to Cancun in December, cruises, Business Academies for Training, regional conferences, our Annual Convention with new product launches. Our IBPs offer highly flexible yet steady income which is most adapted to todays “Laptop & Cellphone Lifestyle”, with structured and organized weekly corporate training calls, a personalized website, back-office tracking, oversight and management Tools, Reports, Training Materials and Social Media Sharing. Stemtech announced on July 25th the partnering with industry leading VERB TECHNOLOGY in launching Interactive Video and Livestreaming Sales Enablement Apps to strengthen the direct sales channel. The new mobile app, “Stemtech Advance Office” is based on the VERB leading-edge platform which enables IBPs to share recruiting materials and track prospective members. This will launch early September, a few weeks from now.
I haven't listened to their Q presentation yet, but plan to.
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