Yesterday marked the soft-launch of a penny stock that every trader who has email service is soon to find out more about. Setting the pace with over $1.35 million traded, RightsCorp Inc. (RIHT) is due to become a big player on the OTC Markets with their copyright infringement business plan. Having some huge players as members of their previous year’s revenue stream, it wouldn’t take much of a pump to send RIHT stock up to the level that many of the other players in the sector are trading at. The price is right now, but wait too long and you could be fighting to gain back what you missed.
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RIHT Stock Quote
Market Cap: 56.90M
Last: 0.82 ▲ +0.07 (+9.33%)
Dollar Volume: $1,353,126
Issued and Outstanding: 69,397,102
Directors/ Executive Officers: 22,112,500
14-Day Rel Strength: 58.22%
1st Resistance Point: 0.9117
1st Support Level: 0.7467
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Back in July of last year, we pretty much went over why RIHT stock was a required one to watch after RightsCorp reverse merged into the one Stevia focused company on the OTC that never got off the ground. With yesterday being the only the sunrise of a very Brighton horizon, getting your chance to play the RIHT ticker for the right price may soon pass you by when you consider what’s at stake for copyright infringement payouts form the lawsuits that surround them.
The other players in this sector RightsCorp will be matched up with include Parkervision Inc. (PRKR), VirnetX Holding Corp (VHC), Vringo, Inc. (VRNG), Acacia Research Corporation (ACTG), RPX Corporation (RPXC) and InterDigital, Inc. (IDCC). It’s still tough to see how they will stack up to these bigger board companies, but since they are looking to generate revenues by retaining a portion of the settlement payments they receive from copyright infringers, a cut of $20 can go a long way if the volume of infringers can support it.
The issue at hand is that no revenue records exist on SEC filings since RightsCorp reversed just in time to not have to report since the 10-K filed, the most recent filing, ends September 30, 2013. However, stating within it that, in 2012, the company’s contract with BMG Rights Management accounted for approximately 36% of their sales and that for the 6 months ended June 30, 2013, their contract with BMG Rights Management accounted for approximately 41% of their sales, and their contract with Warner Brothers accounted for 13% of their sales, just mention one of these in a PR statement and RIHT stock can see heavy volume attack that ask like a fat chick attacks a buffet line on a cruise ship.
About RIHT Stock
Rightscorp, Inc., and its wholly-owned subsidiary, Rightscorp Delaware, is a development stage company focused on protecting copyright holders’ rights by seeking to assure they get paid for their copyrighted intellectual property (“IP”).
Previous 5 Trading Sessions:
RIHT is the right penny stock to be thinking about longing. Even though you could have scooped up a piece of RIHT stock in small amounts over the last couple of weeks, everyone is pretty much riding on the same level after yesterday. If you think online piracy of copyrighted materials is something of the past, move along to another ticker while everyone who gets in early profits from not fighting the crowd when the awareness campaign begins.
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