The best news to come out so far this hump day was when MarketKast, Inc. (OTC: MRKK) announced that its penny stock is now trading on the OTCBB. The provider of online video production, distribution, syndication, and marketing services has seen only one trade go through thus far on MRKK stock and that was two weeks ago. While revenues are slowly trickling in, it will be exciting to see how investors receive the announcement from this development stage company considering the tiny float of shares available.
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MRKK Stock Quote as of Tuesday, Feb 12th, 2013
Market Cap: 26.16M
Issued and Outstanding: 20,126,500
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MarketKast, through their Pay Per View, Pay Per Call or TargetKast systems – the world’s first Performance Based Video Marketing system, use video to drive business, a revolutionary method for how business marketing is done. With their digital video engagement available for every business, paying for a “results driven” marketing campaign, more or less, eliminates all the risk involved when it comes to promoting a business or brand.
MarketKast offers some paid services and paid production services for those clients that do not have video content, however, those products are not the Company’s main focus. Most of MarketKast’s marketing programs include such things as video search engine optimization (VSEO), the creating of branded channels on video sharing sites like YouTube and Vimeo, and the syndication of the content to all video sharing sites and through social media.
As exciting as it sounds, the Company has booked $6,989 during the six months ended December 31, 2012.
As for MRKK stock and the float, during December, 2011, MarketKast issued 20,000,000 shares of common stock for $50,000 to its founders. Furthermore, from March through June 2012, the Company issued 126,500 shares of common stock for cash at $1.00 per share or a value of $126,500 in a private placement.
Seeing that the float is, more or less, 126,500 shares with a cost basis of $1, don’t expect to see MRKK stock setting share volume records on any given trading session.
About MRKK Stock
MarketKast Inc., through its performance-based suite of products and proprietary VSEO platform, enables business clients to use digital video and mobile engagement to drive customer acquisition and brand awareness.
Bottom Line: New penny stocks are always exciting to get to know, especially when the float is a fraction of what most traders are used to. Considering the leanness of MRKK stock, it will be interesting to see how the PR issuance from today plays into the actual volume traded over the next few sessions if any at all.
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