Virtual Piggy, Inc. (OTCBB:VPIG) Regains Some of Its Value

The shadow that was cast upon the stock of Virtual Piggy, Inc. (OTCBB:VPIG) by recent reviews on Seeking Alpha has been lifted as the company responded and even threw in some optimistic news about recent developments.

The review in question put on the table doubts that VPIG was controlled by some of its shareholders that are in the management of the company for their own profit. VPIG stated that the company is managed “solely by its Board of Directors and management team” and is not a subject of investor preferences.

This helped the ticker regain some of the value that it had lost in the first day of the week after the disastrous session in which the ticker lost 43% of their value. The company’s stock managed to add 32.94% to its value in yesterday’s session and closed the day at $1.13.

The intraday chart shows that the trades were equally scattered throughout the session and the climb in price was steady. At the end of the day a total of 699 thousand shares had switched hands and helped form a dollar volume of $698 thousand.

We think that there is the possibility of someone driving the stock’s price down in order to get some shares at a lower price and then sell out when the price goes up, because the company has a decent cash reserve, even though it’s virtually not making revenue.

One thing is for certain. VPIG has become a risky stock to invest in and can go in any direction at any moment, so we advise you to do your due diligence and weigh out the risks.

On the other hand we see Nutranomics, Inc. (OTCBB:NNRX) picking up its pace and gaining value, while in the same time commanding great volumes of traded stock. And then there is Globalstar, Inc. (OTCMKTS:GSAT), who barely moved yesterday, but are still in the top of our charts in terms of trade value and are attracting investor attention.