Triton Distribution Systems, Inc. (OTCMKTS:TTDZ) Rises Again After Legal Glitch

Triton Distribution Systems, Inc. (OTCMKTS:TTDZ) rose while awaiting merger news- but even a day’s lag led to a correction. Now, TTDZ is back on a combination of bargain buying and a timely PR message describing the future of the ticker as an OTC shell for a tourist business. On Monday, TTDZ grew by more than 84% to $0.0024, on buying volumes above $515,000.

In recent days, TTDZ also had a glitch with its OTC Markets announcements, as it placed an Opinion Letter from a previously used legal firm. In the end, it turned out the undersigned attorney was in fact deceased, and the firm pulled down the message, which could otherwise have been a piece of news regarding the state of the company. While the explanation of the glitch was adequate, the days of confusion and waiting for news had already damaged the stock price.

Now, the closing of the takeover already has a scheduled date- February 5th, Wednesday. The announcement and the new attorney Letter of opinion should be fueling the company for a while, but we can’t know whether TTDZ has not already consumed the news. At this stock price, any movement is possible even without a trigger, and following a strong climb it is not unusual to see mass profit-taking.

Now, it is a wait-and-see for TTDZ, as investors’ opinions vary between warnings that the selection is not worth the risk, to enjoying the rapid short-term rise.

But when it comes to double-zero tickers, even longer-term promise means the share price may stall, just like higher-priced stocks. One of the most active sub-penny selections was marijuana stock Latteno Foods, Corp. (OTCMKTS:LATF). This company had its rise in January, following the general trend in the sector, but later slowed down, fighting for each faction of the penny.

Intellicell Bioscience, Inc. (OTCMKTS:SVFC) also had a solid promise with a biotech business and a licensed laboratory, and though the shares doubled in price in the past ten days, the trend is not smooth and has its deep setbacks. SVFC now stands at $0.0064, after low-volume selling caused a large drag down in price on Monday.

For TTDZ, most of the conditions of the buyout are known. The company itself has little to show in terms of financials, except for a simple business-to-business travel and logistics information system. This is natural, considering that TTDZ is going to be a vehicle for the buyer, a California-based travel company, to gain exposure to the OTC. What the buyer will do with the stock’s opportunity is a whole other guess, but TTDZ for sure offers a lot of volatility, so plan the timing and size of your investment accordingly.