Last week, Raystream Inc (OTC:RAYS) recorded what seems to be its most successful trade week in quite a while.
Four positive sessions and an aggregate price appreciation of 28%, i.e from $1.15 on Dec. 19 to $1.46 on Dec. 23. The investor interest in RAYS stock, on the other hand, was at its highest on Thursday and Friday, respectively, when RAYS shifted in excess of 2 million shares per session.
On Dec. 22, the company proudly announced it had reached a two-month trial agreement with the Christian Broadcasting Network. According to the contract, the CBN will be disposing of RAYS’s real-time HD video compression technology to broadcast HD video content in the Middle East.
Has RAYS’s novel technology to reduce the size of HD video files with no loss in quality managed to impress the general public? Not yet. Has it wowed individual reviewers. More than likely. One thing is for sure. If the company’s technology spreads like wildfire, its stock will certainly become hotter and hotter. However, even if such a moment were to be imminent, it has not come yet. Maybe RAYS’s management is on the right track, though.
