Obscene Jeans Corp. (OTC:OBJE) who used to have plans for designing a women’s line of jeans has apparently turned its focus on social media, and it seems the market likes the idea.
In the last several sessions, OBJE has managed to move up. Yesterday the stock managed a 42.50% price increase, closing at $0.285 with 570 thousand shares changing hands.[BANNER]
Yesterday’s performance may have something to do with a press release issued by OBJE, although it didn’t really say much about OBJE’s operations.
The press release went on and on about the importance of social fundraising and that it has some relevance to the new focus of the company, but since OBJE is yet to actually offer any platform the excitement may be somewhat premature.
There’s no denying social media is a field with vast potential, and it is possible that at some point in the future OBJE may stand to gain something from it. However, at this point, it may be too early to say how the Obscene Interactive division will fare.
