Yesterday market participants seemed extremely pleased to read the latest press release of Smart Kids Group, Inc. (OTC:SKGP) which addressed two important issues for the future of the company. 
The result of the latest trading session is well to be seen on the chart. SKGP closed the market with a three-digit gain at $0.074 for a share, adding over 146% in value to its previous closing price. At the same time, the trading volume of over 2 million traded shares was the highest in the stock’s trading history.
Although the new session today starts with a decrease in the share price, as far as technical indicators can be used to analyze stocks like SKGP, the chart suggest that the share price should have jumped further up today.
As mentioned, all the action yesterday was initiated by the latest news announced by the company. In a press release, SKGP said it had received a $20 million long-term strategic financing from AGS Capital Group, LLC. Under the terms of the agreement, the company has the discretion to decide when to issue shares to the investor, and respectively to raise cash periodically under the agreement.
Another interesting point that probably increased further the trading interest yesterday was that the company intends to use part of the proceeds to acquire several other public or private companies, as implied in the press release by SKGP Chairman Thomas Anthony Guerriero.
There is yet no SEC filing to confirm that the funding agreement has actually been signed, and even if such confirmation is obtained, SKGP should be still considered a risky development-stage enterprise with no started operations or revenue sources.
