The trading session from yesterday was another one with huge percentage gains for the low-priced and recently loved by traders SMMT stock. The share price soared again 37.74% and closed the market at $0.0073 on a volume of 44.36 million shares traded. All facts suggest that the monster run up on SMMT shares was caused by a trading alert, sent out when the price was still $0.0005.
The newsletter did not even need to provide any information about the company, it only made implications that a big announcement might be coming. As a result, more promoters featured SMMT remarkable price momentum in their own alerts and SMMT is reaching this month unexplored for the past eight years price levels and trading volumes.
Stratcomm has issued its latest news in February 2002 and now not revealing any kind of information about its business. That available, but not really trustworthy, says only that the company has a history of over 26 years and had at the end of last month 96.2 million outstanding shares of common stock.
Also, according to some old data the company has been at some time engaged among other things with providing corporate marketing and investor relations services. It is not known if Stratcomm is still in that business, but maybe it has established some connection. All the promoters did not list any compensation for their service.
Still, it is definitely not a good idea to hold such kind of shares too long, as a company that actually has a working business model would not hesitate to tell everyone about it.
