The shortened trading week that begins on Tuesday will be welcoming the renovated penny stock of iHookup Social, Inc. (HKUP) after Titan Iron Ore Corp. (TFER) was finally put to rest. The self proclaimed hottest proximity based mobile social platform that facilitates real connections, between real people…in real time, iHookup has created a buzz for those interested in booty calls, dating, finding new friends, meeting up and expanding existing social cliques. Since the 1 for 20 reverse split is likely to be better received than the paid Tweeters who are upset over non-payment of services, hooking up with HKUP stock has the chances of a profitable, short-term affair.
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HKUP Stock Quote
Market Cap: 2.72M
Last: 0.058 ▲ +0.004 (+7.41%)
Dollar Volume: $40,940
14-Day RSI: 48.46%
1st Resistance Point: 0.0612
1st Support Level: 0.0524
52Wk High: 1.92
52Wk Low: 0.016
During the month of May while the ticker symbol and company name was being changed over from Titan Iron Ore Corp. (TFER), iHookup Social was on the PR campaign trail to draw as much attention to their mobile application positioned at the intersection of dating, social media and location based connections. Basically an app which takes the place of the “booty call” portion that Craigslist became popular for, the month of May was highlighted by announcing that the Company’s paid version of its app, for the first time, reached a Top 10 ranking in the Social Networking category of the Apple App Store.
During the first quarter of 2014, iHookup Social booked their inaugural revenues, $27,208, which was slightly less than 5% of their total operational costs, $644,630, for the 3 months ended March 31, 2014. Seeing the top line number of the income statement with any number at all is a positive catalyst heading into the remainder of 2014 which should bode well for toxic financier, Asher Enterprises Inc., to be able to land crushing blow after crushing blow each time HKUP stock tries to run up above 0.10 seeing as how they have a ton of debt to convert over the course of the next year.
The principal amount on the books which was earmarked by Asher Enterprises was $985,156 as of March 31, 2014. Besides them, GEL Properties, LLC, Hanover Holdings I, LLC, JMJ Financial, LG Properties, LLC, Beaufort Ventures, PLC, Coventry Enterprises, LLC and, the most recent addition, Union Capital, LLC, are also listed as donors who are due to soon convert their promissory notes into shares of HKUP stock at a significant discount to market.
Robert Rositano Jr., CEO, iHookUp Social, stated last week in the most recent press release that he “would like to remind our investors that the Company views the most valuable metric as user growth.” Unfortunately, any trader on the OTC who has ever witnessed the brutal dilution involved when the above financiers are converting debt, hooking up with HKUP stock could be a fatal attraction.
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About HKUP Stock
iHookup Social, Inc. is a start-up company focused on the development and dissemination of a mobile-social application named “iHookup” which is designed to facilitate connections between people, recommend local destinations that facilitate “Hookups” and generally promote social interaction and engagement.
Issued and Outstanding: 46,872,968
Last 5 Trading Sessions:
The idea behind HKUP has all the makings of a good performing penny stock heading into the summer months. Unfortunately, the appearance and idea is about all that looks good, especially when the issued and outstanding shares will soon be back well over 100,000,000 once portions of the toxic debt begins to be converted into HKUP stock. TFER ran strong on many occasions during 2012 and 2013. IF the debt converters can behave, there is a good chance that runs will come for traders to iHookup on.