Yesterday we stated that “we expect to see the stock upgraded to ‘current’ status on OTCMarkets.com any day now.” As it turns out, we won’t have to wait after all, as that day is today. Below, find this morning’s PR announcing current status. We also played with the notion that a status upgrade could precede another run for the stock.
COLORADO SPRINGS, CO, Nov 06, 2012 (MARKETWIRE via COMTEX) — STL Marketing Group, Inc. (PINKSHEETS: STLK) has initiated the process of filing the initial disclosures and supplementary information to the OTC Markets and received a Current Status Opinion Letter from its counsel. As a result, the OTC has cleared the “Caveat Emptor” on the Company’s stock and the Company is now classified as Current Status on the OTC Markets.
In the past when stocks we’ve followed have gone current, it has resulted in heightened press activity for the company, so we wouldn’t be surprised to see a good bit of new information coming from STLK in the near future.
After we first alerted STLK on Monday, October 22nd, the stock saw a low of .006, and a high of .0235 that same day. The following day, the high was edged up to .0249. Maximum gains attainable at the peak on the 23rd stood at 315%
During yesterday’s session the stock saw a low of .0063, and a subsequent high of .0085 for a comparitively modest, yet still significant 35% intraday move. What this tells us, after now seeing two nice moves from STLK in just a short period, is that we are dealing with a fairly bouncy stock that could easily continue to bring us more chances for profit. Given the nature of the first run we observed, there is a high ceiling on where it could go, and yesterday’s bounce from our original alert price could signify just the beginning of the next run up.