ProTek Capital, Inc. (OTCMKTS:PRPM) Continues Its Upward Run
ProTek Capital, Inc. (OTCMKTS:PRPM)’s ascent was halted after February 10 and the stock had a period of going in both directions, cancelling its movements. Most recently, however, PRPM has renewed its upward run after several optimistic press releases.
It appears that PRPM has partnered with Vortex Water Pipes, who will be helping them shape their business plans with their experience. The bong manufacturer will also be helping PRPM with their website’s design and Search Engine Optimization (SEO), which is really good because the current design seems quite outdated and dull.
This led to a big 75% jump in Wednesday, but the oprimistic PR didn’t stop there. Yesterday, PRPM announced the acquisition of Kolbe Global Logistics LLC, who have developed blends of “juice” for marijuana vaporizers, which are patent pending.
This led to another decent 21% jump for PRPM yesterday and the company closed at $0.0017 on quite the volume. In the end of the session there were more than 828 thousand shares that had switched hands that generated some $1.6 million in dollar volume.
Still, the question about the funding remains. While the CEO of the company has announced a 1:10 reverse split in order to reduce the outstanding share count to 600 million, we are still unaware how he is going to acquire it, even though he has stated that it is available.
What’s even more interesting is the fact that the address of the company was changed to 2504 Northcrest Dr, Hartland, WI on February 13, 2014. There is a residential home at that addres, which people on investor forums say is owned by former PRPM CEO, Edward Vasker, who doesn’t have a very good reputation and is claimed only to be a shareholder at the moment.
With all that in mind, we would advise you to do your due diligence and weigh out the risks before jumping in PRPM‘s bandwagon.
Tranzbyte Corp. (OTCMKTS:ERBB) also had a good run yesterday as the company stock gained 15% in price. Latteno Food Corp. (OTCMKTS:LATF) did even better and added 30% to its value.
