AvWorks Aviation Corp. (OTCMKTS:SPLI) Still Going Up
This month has started great for the stock of AvWorks Aviation Corp. (OTCMKTS:SPLI) even though their first session was in the red. The overall gain until yesterday’s market close was 114% and it seems like SPLI isn’t going to stop there.
The news from the company keep coming and all of them seem very reassuring for the shareholders and potential investors. The latest bit of news announced some changes in the merger agreement with Vapor Group, Inc.
The changes were made to assure investors that there will be no immediate dilution with the issuance of the 750 million for the merger as they will be in the form of 250 thousand convertible Series B preferred stock, that will be restricted from any conversion for 18 months from the date of issuance.
This was announced almost an hour before market open on Friday and SPLI gapped up at $0.1225 per share. By the end of the day the total gain in price for the ticker was 44.57%, as it closed the session at $0.133 with a $2.1 million dollar volume.
Investor forums are buzzing, with some people expressing their opinion that SPLI might follow in the steps of Vape Holdings, Inc. (OTCMKTS:VAPE), who went from being traded for pennies to as much as $34.31 on March 5, after the company made a 40:1 reverse split on January 8, 2014.
Still, this doesn’t mean that you should skip on doing your due diligence and weighing out the risks, before jumping in.
Baristas Coffee Co. (OTCMKTS:BCCI) has been also going strong for a while now, passing the 10 cent per share barrier on Friday. Bio-Matrix Scientific Group, Inc. (OTCMKTS:BMSN) also had a great session before the weekend as the ticker gained 42% in price.