Global Options Group, Inc. (OTCBB:GLOI) Quickens on Merger News
Penny stock markets offer another interesting choice: taking up tickers that fell through the sieve of higher-tier markets. This is the case of Global Options Group, Inc. (OTCBB:GLOI), delisted from NASDAQ around two years ago. The past two days came in with record volumes and breakthrough news on a merger, perhaps indicating more active days ahead of GLOI. 
The company is not currently promoted in an email campaign, but is giving regular updates on its financials and ongoing changes. The latest news is the decision to merge with Walker Digital Holdings, forming a new group. The new company will be called Patent Properties, Inc. 
The merger deal is expected to close in the third quarter of 2013. Walker Digital is willing to expand its services, which entail building innovative methods to track user behavior in relation to digital networks. The new company, Patent Properties, will have the task to protect all the established research methods.
Still, the ticker landed in the alerts of PennyStocks.com, along with Nano Tech Entertainment Inc. (OTCMKTS:NTEK). On Tuesday, GLOI retreated around 8%, sliding back to $3.90 after reaching heights of $4.30 for a moment.
Despite the delisting, the company is current with its financial reports, showing that its ongoing operations managed to achieve:
- $2.139 million cash
- $17 million total assets
- $692,000 total liabilities
- $558,000 quarterly net loss
It seems the company is well-supported through its assets, though its activities remain limited. Also, GLOI is behaving by the laws of penny stocks, reacting quickly to positive news.
GLOI is in the same league with Kit Digital, Inc. (OTCBB:KITD), the company that delisted a few months ago. KITD traded cautiously, with great price volatility, yet the ticker had strong days when it attracted attention and managed robust price growth.
GLOI will be facing change, and with a price at nearly $4 is not the most accessible bid. It is best to estimate your own preferred time horizon and whether you really like this company.
