Microcap Market Update:
NTIP: We updated several items in our NTIP report. The updated report can be found in our newsletter section. I highly recommend members read the report as it is our latest extensive microcap report which Apple, Cisco and Microsoft are directly mentioned in as well.
SSNT: SilverSun Technologies bounced back today and is up 25% on 10K shares. The company has several events on the horizon such as the recent $1.5M acquisition, reverse split and the potential to up list to a larger exchange.
DIRI: There is no recent news on Direct Insite. Although along with SilverSun, this is one of my favorite microcap (nanocap) companies with a 2-3 year time horizon for both companies.
INUV: Inuvo will report 4Q and FY earnings on February 5th. I am looking forward to seeing how the company's new ad-units are fairing, as well as organic growth within the company.
ICTV: ICTV Brands is up 2.5% as the company announced it has commenced a marketing campaign with former U.S. Gold Medal gymnast Shawn Johnson for the company's Coral Actives brand of Acne Treatment. Shawn Johnson will be featured in a national radio campaign which will run on program such as Mario Lopez and Ryan Seacrest throughout January.
Also, ICTV upgraded from the OTCQB to the OTCQX exchange, which is a step up from the OTCQB which is a venture stage marketplace. This will help the company can now gain more exposure and reach more investors.
CRDS: Crossroads priced its registered offering of 3,071,739 shares of its common stock and warrants to purchase 1,535,870 shares of its common stock. The securities will be sold in units at a price of $2.30 per individual unit.
The warrants have a 5-year exercise period, beginning on the six-month anniversary of original issuance. The company is expected to gain $6M from the transaction. Shares were down roughly 11% in trading on heavy volume.
USEL: uSell was down sharply (25%+) in early trading and recovered to be down 15% at day end on heavy volume (100K). We can not find any news, and are looking forward to any updates and seeing next quarter's results.
View Our Latest Extensive 13-Page Microcap Report On Network-1 Technologies Here Now!
By reading this post you agree to SecretCaps full disclosure. This post is not investment advice and is strictly informational.