The penny stock of Cloud Star Corporation (OTC: CLDS) set yet another new high on Wednesday as the innovative cloud computing company continues making its presence felt on the OTC Markets. CLDS stock has been on a tear since attending the RSA Conference in San Francisco last week to showcase itself among the brightest IT security professionals from around the globe, gaining over 122% in the process. Despite having yet to book their first $1 in revenues, the Company flagship product, MyComputerKey, is providing early speculators with seamless momentum for what looks to be setting up for a strong run.
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CLDS Stock Quote
Market Cap: 75.82M
Last: 0.78 ▲ 0.05 (6.85%)
Dollar Volume: $73,315
Issued and Outstanding: 97,200,000
1st Resistance Point: 0.7933
2nd Resistance Point: 0.8067
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With a focus on giving everyone peace of mind, Cloud Star is investing its time, energy and money in advance prevention, detection and resolution technology to protect machines, businesses and individuals from advancement of Internet attack and theft ahead of others. The performance of CLDS stock thus far since trading commenced is proving to follow the same exact path.
Thanks mostly to Walter Grieves, a director of the Company, Cloud Star received cash injections totaling $125,596 through November 30, 2012 to help fund software and website development, and provide working capital. All the funding is likely to help get the Company’s MyComputerKey and additional cloud computing security technology products to market by targeting the retail sector first.
The overall plan Cloud Star looks to implement looks something like this:
Initial pricing for the basic key is $ 49.99, which includes the USB unit and the first year’s subscription to the hosting service. In conjunction with the product launch, the Company plans to experiment with different offers, such as:
· Simultaneous purchase of 2nd unit and subscription at 50% off
· Bundled annual subscriptions (for example: One year = $ 49.99; Two year = $ 69.99; Three year = $ 79.99)
· Free 30-day trial with automatic billing on the 31st day unless cancelled
Even though the share structure is less than thin, with Safa Movassaghi, Chairman and CEO of Cloud Star, owning 60,000,000 shares of CLDS stock, 61.7% of the issued and outstanding, traders are still likely to see a continued rise in the PPS. With total liabilities of less than the amount of the average American’s credit card debt, $26,612 as of November 30, 2012, CLDS looks like the silver lining penny stock traders were lucky to have gotten into last week and still looks to offer some decent upside.
About CLDS Stock
Cloud Star Corporation is an information technology services and software company that delivers immediate, easy and secure access to computer desktops and other consumer electron devices from remote locations.
Click here to view the SEC filings for CLDS.
Click here to view the website for Cloud Star.
Last 5 Trading Sessions:
Bottom Line: Cloud computing is the new “external hard drive” of businesses and Cloud Star, despite no proof of income, looks like it could be setting up a base still for its penny stock. At present, CLDS still remains bullish and worth more than just looking at, especially if it can stay off the radar from the flippers.
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