Revolutionary Concepts, Inc. (OTCMKTS:REVO) Continues to Climb
The stock of Revolutionary Concepts, Inc. (OTCMKTS:REVO) is usually a quiet one, but things tend to change when this double zero ticker gets promoted. This is the exact case at the moment and the reason why we decided to share our thoughts.
As we mentioned in our previous article, even a small promotion can skyrocket stocks that are trading in doble zero land. Being so, it was no surprise that the paid promotion that started on November 5 brough such results and REVO is standing 271% higher in price than it did in the beginning of the month.
After doubling in value in Friday’s trade session, REVO started this week gapped up at $0.0039 and quickly began to climb, ending the session with another massive 52.94% gain in price. The volumes were huge, similar to the ones from the last day before the weekend and the 65 million shares that switched hands generated $310 thousand in dollar volume.
The company did all it can to aid the pump with optimistic press releases, the first one of which came on December 6 and announced that REVO are in talks to sell their mobile portfolion to “one of the world’s largest internet companies” that was not mentioned and will most likely remain to be a mistery, if existant at all.
Yesterday, REVO came up with another press release that seems more like beating around the bushes than providing any concrete information. We get the “acquisition and licensing of patented system by an unknown $50 billion multinational internet company talks” again, which seems discouraging.
Having in mind the nature of the news coming from the company we consider that we may see a serious correction in price sooner than expected. In fact, REVO is already down 26% since the start of today’s session and we might witness some heavy dumping of stock so be sure to do a lot of due diligence and weigh out the risks if you have any ideas of jumping in their bandwagon.
Quadrant 4 Systems Corp. (OTCMKTS:QFOR) also registered another amazing session in their upward run with a 21% gain in value. As we saw some quite big percentile movements yesterday, Tiger Oil and Energy, Inc. (OTCMKTS:TGRO)’s 72% jump in price may prove to be the biggest one.
