If you keep an eye on the penny stock market, you cannot have missed what Velocity Portfolio Group, Inc. (PINK:VPGI) did yesterday.
Seven days had passed since any VPGI shares last exchanged hands when the company made a triumphant return to the market yesterday. Because, all of a sudden, VPGI stock opened the session at $2.00 and, shifting a total of 853 shares, closed at $3.00, marking a 250% appreciation in value as compared to Oct. 10 when it closed at $0.86 per share.
What lies beneath this surprising movement, however, seems to be shrouded in deep mystery. VGPI has not submitted any official news for almost two years now. Nor has it been subject of paid advertising efforts. If all this were not enough, VPGI is a “STOP” sign bearer, which is indicative of its dark reporting status. As it is, VPGI is either unable, or unwilling to provide investors and stockholders with what they deserve first of all, i.e up-to-date company information.
The lack of any striking news suggests that the giant leap which VPGI stock made yesterday has hardly anything to do with a possible corporate milestone which the company might have achieved in the meantime. That is why, the $3.00 level runs a substantial risk of disappearing into the blue as soon as it appeared.
