Marilynjean Interactive Inc. (OTCMKTS:MJMI) Retains Its Gains
Marilynjean Interactive Inc. (OTCMKTS:MJMI) suffered a nasty crash, then bounced and managed to stabilize – all in the span of three market sessions. So where will it head next?
To understand MJMI‘s movements one has to get one very simple fact straight. As it currently is, the company’s market cap does not look not realistic. If it did, the ticker would probably be stuck in single penny obscurity, instead of making headlines as one of the most traded stocks on the OTC Markets right now.
Although such judgments may sound too harsh when put out like that, be assured that we are not just throwing slander around in order to discredit MJMI. As evidenced by its latest report, a couple of months ago MJMI literally had next to nothing to its name at the time, and there is no evidence that the situation has changed significantly:
- cash – $5 thousand
- total current assets – $8 thousand
- liabilities – $198 thousand
- NO REVENUES
- net income – $1676
It should be unthinkable that a company that had $5 thousand in cash on hand just months ago now has a market cap of $457 MILLION. Yet MJMI has managed to somehow pull it off, and has done so without ever resorting to promotions or relying excessively on fluff PR!
The long and short of it is that due diligence on MJMI reveals a tangled mess of facts that doesn’t even remotely make sense. This is why investors are currently on the look out for its next financial report – maybe it will help everyone make sense of the situation by throwing some light on important matters.
Matters such as the question of whether or not the company’s financial standing has improved.
Unfortunately, it is most likely that the fate of the 21 million investment units that were sold three years ago for just $0.01 a pop will remain a mystery. Still – some information on MJMI‘s current situation would go a log way in helping investors make informed decisions about committing to the company’s stock, and not just gamble blindly.
