While waiting for the promised by the CEO SEC filings to bring investors’ information about the company up to date, some impatient investors rushed again SpeechSwitch, Inc. (PINK:SSWC) stock.
For their strong belief in the fast gains and the windy future of SSWC, these investors were granted yesterday 100% return on their investment in SSWC stock, a good compensation for the much higher risk they bear.
All this happened as an expected continuation for the alerted almost each month SSWC stock.
Last Tuesday, parallel to the next in row windy SSWC press release, investors were dully informed by stock alerts that SSWC shares are in the penny stocks top ten list.
This was a signal to be more active, not only for risk appreciating investors, but also for those being informed about the good investment opportunity for the first time.
As opposed to risk lovers, some of the new fans and owners of SSWC stock were not familiar with the fact, that the last stock rush was around the beginning of June. Then, in short SSWC stock surged and slumped down, being alerted and supported again by some windy news from the company.
It seems you feel already windy from repeating “windy”. But, in SSWC’s press release from last Tuesday, the company’s CEO stated that all SEC filings will be done in a week. They should present to investors information about all materially important events for the company.[BANNER]
Up to now, there are no such filings, only some investor feelings remain. Further more, yesterday SSWC released that “SEC: The Q3 2008, Q4-Annual 2008 and the Q1 2009 Sec 10Q documents will be ready for outside audit this week. The Q2, Q3, Q4 2009 and Q1 and Q2 2010 documents are works in progress.”
As the company’s CEO said, “Overall, everything is going better than anticipated.”, it is only not known how long the works in progress will take to get finished and for how long investors will grant SSWC stock performance with an 100% price increase and a tripled average volume traded as they did yesterday.
