NanoTech Entertainment, Inc. (OTCMKTS:NTEK) Climbs Higher On PR
After NanoTech Entertainment, Inc. (OTCMKTS:NTEK) managed to close last week with a few sessions in the green, the company stock continues to rise. Following Monday’s session, in which the ticker barely moved, we saw another decent gain in price yesterday.
Probably the main reason for which NTEK managed to register another positive session, despite the fact that its stock is a bit overpriced are the news that they are making a special Black Friday offer for their nanoSignTM HD device, which will be priced at $99.
Having in mind the regular discounted price of $499 the 80%-OFF is supposed to attract consumer interest, but we don’t have our hopes too high for one particular reason and that is what you receive for that amount of money. You get a 12-inch HD screen, internal speakers and a built in Wi-Fi adabter, which allows for remote updating of the content.
This offer might be attractive to business owners that want a fresh display for their venture, however, we reckon the regular buyer will most likely go for something more popular, like gaming consoles, tablets, and Apple Inc. (NASDAQ:AAPL) products.
Nonetheless, the news were enough to cause a 13.24% gain in value and NTEK closed yesterday’s trade session with a price of $0.1711 per share, on a volume below the stock’s average. The 5.3 million shares that switched hands, however, managed to generate a very decent $858 dollar volume.
A disturbing fact from yesterday afternoon was the promotional email that came in from Stock Hideout, touting NTEK‘s stock. It was mentioned in the disclaimer that Global Oasis Group was not compensated for the alert, but owns 30,000 shares which it may sell at any time and this is probably the reason why today’s session started off on the wrong foot and NTEK has dropped 3% in price to this moment.
It is for time to tell if this promotion will halt NTEK‘s ascent, but in any case, be sure to do a lot of due diligence and weigh out the risks if you are thinking of betting on the company stock.
Quadrant 4 Systems Corp. (OTCMKTS:QFOR) also had a decent session yesterday in which they managed to recover from Monday’s loss with a 22% gain in price. Fresh Healthy Vending International, Inc. (OTCBB:VEND) were not so fortinate and registered a second session in the red with a 13.91% loss.
