So you think you can pick penny stocks? Contestants in this week’s competition have outperformed the pump machine of PRTN by grabbing starter positions in Global Karaoke Network Inc. (GKNI). Since Friday when the shares began to trade, GKNI stock has increased by a nickel, 55.56%, with rumored speculation that the “So you think you can Sing” focused company is rumored to be the next Victory Mark or TheBullExchange promotion.
Looking at the “Stairway to Heaven” chart from Thursday, and considering who is moderating the board, it would seem pretty obvious that awareness is about to increase dramatically as soon as the long weekend is over.
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GKNI Stock Chart
Close: 0.14, up 0.035 (33.33%)
Dollar Volume: $62,163
Average Trade Size: 9,793
Authorized: 1 Billion
Issued and Outstanding: 469.44 Million
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Last Friday, GKNI ended the week with their debut session, trading $1,226,823 worth of stock and closing at 0.09, the perfect price scenario for a promotion. However, after the release of Awesome Penny Stocks pick, Pristine Solutions (PRTN), it wouldn’t make sense for the Central America based pumpers to cannibalize on the limited liquidity after the VLNX scandal.
There has been no news or any financial filings since the start of the summer when Global Karaoke Network increased their total authorized common stock from 500,000,000 shares to 1,000,000,000 shares. However, GKNI was set up by the same attorney filing their S-1 that brought together VLNX:
Bryan Clark, Esq.
Cane Clark LLP
3273 E. Warm Springs Rd.
Las Vegas, NV 89120
Does anything else really need to be said?
About GKNI Stock
Global Karaoke Network, Inc. began as MojoRepublik, Inc. focused on developing and promoting an Internet-based entertainment, lifestyle, and design magazine through our wholly-owned subsidiary, MojoRepulik LLC. To date, the Company has booked a solid $0 in revenues.
Bottom Line: GKNI is still on the list of penny stocks to watch and should soon see alerts disseminating from Victory Mark who many fail to connect to APS. Keep watching GKNI and, if you already own shares, be ready to make a move because the Unknown Comic from the Gong Show could quickly appear and kill the rhythm of this promotion sending traders on a Highway to Hell.
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