Monday was a battleground for OTC as last week’s movers started off Monday green yet managed to sell off during power hour. Tickers like $GEGI and $GGII had large volume to the green side early and then slid off this afternoon.
$GEGI closed only +2% green at $0.0102 after a 44% rally with just under 137M volume on today’s news of Kasey Evans joining the board.
$GGII closed down 39.3% at the bell after more than 90% gain on the day. While in AH strangely closing up 31% on the day at $0.0131 with various reports of different closing prices. We will let the open bell decide. The move comes off the speculation its JV partner may be coming to fruition.
$GSFI Had a solid +36.36% move to the upside closing at $0.0015 with just under 336M volume off news that the company settled convertible promissory note.
$TXTM had a solid volume day, trading above 143M shares and held its gains of 18.97% while closing at $0.0035.
$INND one of the latest #fintwit buzz tickers traded relatively flat today closing -2.4% down with just over 43M in session volume.
The Breakdown
($GEGI) Genesis Electronics Group Inc. recent volume could be credited to the company’s placement of strategic members Kevin Damao and an additional key member in today’s press release: Genesis Electronics Group Announces Kasey Evans as Strategic Advisor to the Board | GEGI – Genesis Electronics Group, Inc. | News | OTC Markets The current #fintwit speculation is an EV merger could be soon on the horizon for $GEGI
($GGII) Green Globe International, Inc. was moving off the speculation its Joint Venture partnership with StickIt Labs to manufacture their line of cannabinoid sticks for smokables, furthering GGII’s mission of developing Consumer Packaged Goods and Disrupting Tobacco®. Cannabis Startup StickIt Signs a Joint Venture Agreement with Hempacco, a Green Globe International Division, to Produce 10 million CBD Sticks per month | GGII – Green Globe International, Inc. | News | OTC Markets Under the agreement, the two companies will build a factory to produce cannabinoid sticks. They intend to make about 10 million sticks every month for the American and Mexican markets. The factory is located in San Diego, California, USA, and was expected to become operational in January 2022.
($GSFI) Green Stream Holdings Inc. Had news the company settled a convertible promissory note totaling $50,359. Though small the settlement was seen as a positive move by the company. The stock opened at $0.0011 had a quick low of $0.0010 and hit a high of $.0017 while closing $0.0015 on the day. The company has a total Outstanding Shares of 2,942,223,044 and a closing Market cap of roughly $4,413,334 which could be seen as undervalued moving forward. Green Stream Holdings Inc. (Form: 8-K, Received: 08/29/2022 12:14:44) (otcmarkets.com)
($TXTM) ProText Mobility, Inc. continues to trade on healthy volume. In an article we released on August 2nd, Buzzworthy OTC movers ‣ TradersQue ‣ Daily Q
We covered the buzz was from Protext Mobility, Inc. closing on a transaction June 3rd, 2022, whereby it acquired 100% interest in RSAMMD Acquisitions LLC. Republic of South Africa Medical Marijuana Dispensaries Acquisitions LLC (RSAMMDA.LLC) Completes Acquisition of Protext Mobility, Inc. (TXTM) | TXTM – ProText Mobility, Inc. | News | OTC Markets
($INND) Innerscope Hearing Technologies, Inc. is buzzing the latest #fintwit threads due to the company’s @HearingAssistUS Products located @Walmart Vision Centers Nationwide. Along with recent 8-K filing Innerscope Hearing Technologies Inc (INND) SEC Filings | Nasdaq where GS Capital Partners, LLC agreed to forgive certain convertible promissory notes issued by the Registrant. The principal amount of $3,548,335 owed by the Registrant was forgiven by GS Capital Partners, LLC. As a result, the Registrant has no outstanding convertible promissory notes issued to GS Capital Partners, LLC or any other financial lender.
On August 16th InnerScope Hearing Technologies Inc. (OTC: INND) (“InnerScope”), an emerging and disruptive leader in the Direct-to-Consumer Hearing Technology space and soon-to-be leading the way in the Over-the-Counter (“OTC”) Hearing Technology space, announced that the FDA has released the “Final Rule” (FDA Finalizes Historic Rule Enabling Access to Over-the-Counter Hearing Aids for Millions of Americans | FDA) for creating a new category of Over-the-Counter hearing aids for perceived mild to moderate hearing losses to be sold directly to consumers in retail stores, pharmacies and online without a medical exam or being fitted by a hearing healthcare professional (“OTC Hearing Aid Law”).
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