It used to be that Friday’s were a wash out trading session or for dumping out of a promotion that had been running for weeks already in hopes of getting come cheapies on Monday. Now, they’re about finding those penny stocks which suddenly get resurrected from the dead like Montavo Inc. (MTVO) did after lunch on Friday. Not actively traded since 2010, a simple Form 3 filed and the discovery of the “coming soon” website caused MTVO stock to get freaky on Friday to a point where almost every trader who actively pursues getting in front either already made over 500% or is planning it happening in the coming week.
Our Next Pick Is Coming Soon! Click HERE To Make Sure You Don’t Miss Any Of Our Breaking Alerts!
MTVO Stock Chart
Market Cap: Disputable
Close: 0.017, up 0.0155 (1,033.33%)
Dollar Volume: $11,409
Average Trade Size: 22,704
Issued and Outstanding: At Least 76,749,432
Looking for Hot Penny Stocks?
Click here and get Our Penny Stock Picks FREE
While the SEC filings are over a year late and the total outstanding shares are in question, one thing for sure is that Steven Moore is the beneficial owner of 76.75 million of them. Steve Moore was a co-founder and former CEO of WatchGuard Technologies Inc. (NASDAQ:WGRD) where he held a variety of positions, including Executive V.P. of Finance, CFO, Secretary, and Treasurer. Prior to that, Moore was a senior financial and operational executive at several companies, including Legent Corp. At present, he is currently a director and/or investor at several private companies, including 20/20, BioPassword, IntellectSpace, and Zynchros, and also serves on the Board of Directors at the Seattle Aquarium.
What is visible is that the Montavo’s corporate website is set for a launch and the focus of the Company will be Digital & TV Advertising Technology Solutions. As for the total outstanding share count, the last known amount, 71,402,241 as of August 12, 2011, there were 22.65 million warrants outstanding as of June 30, 2011 almost all with exercise prices at $0.02.
Regardless, the float appears to be super thin on MTVO stock and traders were having a field day with them on Friday — a taste of what is to come on Monday. While the old business model was in the process of deploying an advanced mobile marketing and advertising solution, whatever the plan is for the Company now is sure to create enough momentum to test the 5 cent range at some point this coming week.
About MTVO Stock
Last 5 Trading Sessions:
Bottom Line: MTVO needs to be on the list of penny stocks to watch for those looking to trade strictly on momentum and speculation. Chances are that MTVO stock will have a very small window for which traders can flip shares for decent gains before activity goes dormant again. Monday, however, should see some eager trading to start the session which will set the tone for the rest of the week.
Here is your opportunity to subscribe to the Most Read Penny Stock Newsletter
If You Can’t Make Money With Us, You Shouldn’t Be Trading Penny Stocks
(We are 100% Anti-Spam and will never rent or sell your information)Share