Yesterday OPTZ reported its highest trading volume ever since the stock is traded on the OTC market. 175.44 million shares were traded and the share price jumped 133.33% to close at $0.0028. The last thing heard about Optimized Transportation was the announcement from two weeks ago about the planned for next Thursday conference call for investors to discuss the company’s recent progress and developments.
The volume picked up suddenly shortly after the market opened was noticed straight away by several stock promoting websites, who subsequently included OPTZ in their mid-day trading alerts, surely adding even more to the explosive trading volume. It was even suspected that the stock more than doubled its price after being favorably mentioned in a popular investment newsletter.
Apart from the suggestions about a secretly ongoing promotion, some shorters covering their positions remains as another possible cause for OPTZ periodic monthly share price explosions of similar art and dimensions like the one from yesterday, although the huge trading volume made the main difference. Maybe the fact that OPTZ stock price had hit this year’s bottom several times this month and has by now lost over 98% of its value since May this year made the stock look very undervalued.
It is true that the market is giving a very pessimistic valuation for OPTZ shares according to the sales of the company, but this could be due to the high uncertainty. OPTZ entered its current area of business in June last year and the competition in that business is severe. Moreover, the company reported lastly a weak cash position and lack of sufficient working capital.
Another explanation for the surge related the stock to another company named World Logistics Services, Inc. (PINK:WLSV), whose price also surged mysteriously at the beginning of the day on no news and who is marked with a STOP No Information sign on the OTC markets homepage. Under its former name, OPTZ acquired in June last year the two operating subsidiaries of WLSV.
