Almost any activity is unusual for Klever Marketing, Inc. (PINK:KLMK), although it’s not a completely dead stock. Yesterday things were very much out of the ordinary.
KLMK more than doubled, closing up 233.33% at 20 cents with approximately 384 thousand shares changing hands.
There seems to be absolutely no sound reason for such a surge. The company has been in the development stage for fifteen years, and it’s still not generating any revenue.[BANNER]
Additionally, KLMK hasn’t issued any exciting news recently, and there doesn’t seem to be a promotion. The company’s reports just don’t contain anything inspiring, and even if they did, the last one is for Q3 of 2011.
Currently, the operations of KLMK are focused on the development of a mobile phone application, KleverShop. There is no indication of when, if ever, KLMK will start generating revenues, so for now 200% plus surges look very much out of place, especially without any news.
