Talk about a volume spike — somehow the last two trading sessions have invoked some serious interest in no news reporter Virogen, Inc. (OTC: VRNI). A trade came through after the closing bell on Monday, form T from overseas, for nearly 20 million shares of VRNI stock at .001 sending the frenzy of speculators into dreamland wondering what to do with the money they will make off being in early. Since the shares are trading at -93.61% below the 52 week high of 0.0219, is it even within the realm of possibility that the company operating as Tiger Team Technologies has any more “roar” in it?
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VRNI Stock Quote
Market Cap: 1.14M
Last: 0.0014 ▲ 0.0005 (55.56%)
Dollar Volume: $59,923
Issued and Outstanding: 1,092,251,788
14-Day Rel Strength: 63.84%
14-Day Stochastic: 100.00%
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Its been nearly 7 months since the data security and encryption focused Company issued any news of “talks” or “plans” to do something with some major worldwide retail chain to include their solution in its laptops and PCs, two nearly obsolete forms of computers in today’s world. Some data supporting that was the negative cash balance, -$148.60, as per the most recent financial updates by Virogen Inc. at OTCMarkets.
However, through their wholly owned subsidiary, Tiger Team Technologies (aka “T3”), Virogen has on its books $3.53 million worth of what’s called Business Development and another $10 million worth of Intellectual Property. Assuming those numbers aren’t fudged by the pink sheeter, that would provide a balance sheet 10 times that of Swingplane Ventures (SWVI) and PacWest Equities (PWEI) combined. The flip side of the coin to those assets are mostly all notes payable to insiders, $14 million worth, since investing into a Company like Virogen would appear to be worth breaking the bank for to these groups/individuals.
As for VRNI stock, you have a billion plus shares outstanding, nearly one for each citizen of China or India, and revenues to drive it equal to those of a biodegradable bag floating in the sewage system.
Regardless, VRNI stock is moving and common sense dictates that the 19,828,459 share trade at .001 was not someone putting $19,828 into this heavy floater for the fun of it. Assuming it to be a cross trade, the activity could heat up real soon, as soon as Tuesday, with that trade as a basis for a floor.
Trading never became more fluffed after seeing how the price of a small house can be traded in one day on a Company that stands a snowballs chance in Puerto Rico of ever booking $1 in sales — Momentum trading at its best.
About VRNI Stock
Virogen Inc., through its wholly owned subsidiary Tiger Team Technologies, is a holding company operating as a network security firm specializing in data security and encryption technology. Click here to view the financial filings for VRNI at OTCMarkets.
Last 5 Trading Sessions:
Bottom Line: VRNI is surely making a name for itself with the last two days of volume and causing it to be listed as a pre-promotion penny stock to watch. With a .001 visual aide at the close on Monday as a floor, traders looking to gamble at getting some similarly priced shares of VRNI stock did so already and a gap open on Tuesday is the most likely scenario. Short-term traders will flipping this like pancakes if it is the next Extreme pick in hopes of getting the gains they expected from GSPT.
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