From minerals in Canada to educational software in Asia. Government and Fortune 500 clients and all this in one year. This is what Mount Knowledge Holdings Inc.(OTC:MKHD) stands for, at least at first sight. This is what drives the market these days, but is this the reality of the matter? Let`s take a closer look, because this Tuesday huge volumes and movement in the stock price would most probably take place again.
This is what the latest paid stock promotion states – another rise in price is coming. It should follow the pattern from last week, but the potential for profit might be even greater, depending on how long the price would climb before the regular crash. The numbers story:- Monday Feb. 7th – 15% decrease in price, huge volume;
- Wednesday Feb. 2nd to Friday Feb. 4th – almost 300% increase in price, solid volume;
For the speculative traders, interesting days would follow. There is, however, a flip side to this coin. Up until 2010, Mount Knowledge used to be Auror Capital Corp., an exploration-stage mining company. It wasn`t quite successful, so in the beginning of last year the Mount came into existence. Since then, dreadful increase in the number of common stock followed, together with several acquisitions. So one might ask, how do you go from minerals to language education? But the pressing question is, how is a company with cash of $111 in July 2010 able to acquire another enterprise, which boasts to have clients like Exonn, Coca-Cola, Bayer, HSBC, Earnst&Young. Well, there is something wrong here? [BANNER]
The above, however, is not an obstacle for people to make money from the company’s stock. It enjoys a good deal of interest and is likely to do so at least for the next few days to come. A new office is opening in China, so there is hope that the balance sheet might be different next year.
