its price and its traded volume reached phenomenal values totaling millions. PlayBOX hit the biggest gain on Friday, when its price change reached over 137% and over 164 million shares were traded for the day.
No one was able to explain the tremendous gain, as the pink sheets company has not released neither any news, nor any financial reports for over a year and nobody is familiar with its activities. The only news on PlayBox was published on the OTC markets website, reporting that PYBX has entered into an Attorney Letter Agreement with Pink OTC Markets Inc. According to the agreement, Pink OTC was entitled to determine whether PlayBox has made adequate current information publicly available, however, no recent financial results of PYBX have been released.[BANNER]
In that case, what’s behind the current stock flight? Obviously, this shall remain in mystery, just like the business operations of PlayBox since even the company’s website is not working at all.
The last financial report of PYBX was filed in 2009 and it contained mostly liabilities, confronting the missing revenues and gross profit. Apparently, the vague information on the company is not up to date and the present uptrend is most probably just a matter of time.
