A sudden surge in the penny stock of Kunekt Corporation (KNKT) caused for an optimistic afternoon trading session just days before the iPhone 5s goes on sale. When KNKT stock first began trading in 2010, the share price surged from under a dime to almost $3 before sliding down, with one big bounce along the way, to yesterday’s closing price of 0.04. According to comScore’s Digital Omnivore report, it took 7 years to sell 20 million smartphones, only 20 months to sell 20 million tablets, and Kunekt has yet to sell one of them because they are nothing but a shell corp.
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KNKT Stock Chart
Market Cap: 4.89M
Close: 0.0789, up 0.0389 (97.25%)
Volume: 1,701,010
Dollar Volume: $118,072
High: 0.086
Low: 0.05
Trades: 122
Average Trade Size: 13,942
Authorized: 65,000,000
Issued and Outstanding: 62,000,000
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About KNKT Stock
Kunekt Corporation, a development stage company, focuses on designing, building, and marketing mobile devices under the KUNEKT brand worldwide. The Company intends to develop smart phones and tablets powered by Google’s Android mobile operating system.
Bottom Line: Before trading this penny stock, eat 7 saltine crackers and say out loud:
She sells seashells by the seashore.
The shells she sells are surely seashells.
So if she sells shells on the seashore,
I’m sure she sells seashore shells.
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