Last week, BOURQUE INDUSTRIES INC (PINK:BORK) suddenly got the climb. On Friday, the stock soared 9.54% on the market, while its traded volume jumped up.
The most reasonable explanation for the climb turns out to be the latest news on Bourque. Last week, the company issued a couple of announcements on its activities, which apparently influenced the stock price at once.
The fist news came up last Wednesday when BORK named three new members to its Board of Directors, creating a five-member Board.
The second announcement appeared on Friday when the company reported four key strategic business acquisitions to consolidate Kryron technology, as well as its enhanced business strategy. The new agreements of BORK immediately pumped up its stock price and it started to move up. Now, the question is how far the climb may go.[BANNER]
Bourque Industries, Inc. is a development-stage company which is the distributor of Kryron-based technologies. Despite the positive news released, BORK faces another issue that bothers investors. Namely, the company’s CIK doesn’t match with the SEC records and otcmarkets.com has removed the quote because it has been labeled Caveat Emptor (Buyer Beware) due to a number of reasons mentioned on the website.
In other words, BORK is not filing any financial reports and no one is familiar with its financial condition. Moreover, when entering the company’s official website, it states “Our apologies. This section is under development and will be available soon.”