LifeLogger Technologies Corp. (OTCMKTS:LOGG) Spikes Once More
LifeLogger Technologies Corp. (OTCMKTS:LOGG) managed to jump 10.91% on Friday without any apparent reason other than random volatility.
This is not the first time that LOGG has been taken up by inexplicable bursts of activity, that have taken it up the charts on increased dollar volume for no apparent reason. The company has no new press releases, no social media outbursts, no recent paid pumps or filings nothing.
On top of that, its latest filings look simply laughable:
- Cash – $81 thousand
- total current assets – $89 thousand
- total current liabilities – $55 thousand
- NO REVENUES
- net loss – $290 thousand
Overall, it seems like the company can offer investors little more than mediocrity and disappointment. Interestingly enough, that fact hasn’t stopped the ticker’s climb in the last two weeks, and as of Friday’s close, one LOGG share was worth $0.377.
Evidently there are still some investors that share the opinion of Microcap Daily author Amy Murphy that LOGG should be hailed, in spite of the fact that, as MCD disclosure put it “ LOGG has little real fundamentals to back it up with minimal revenues to date and little assets. The stock managed to stay in the volume leaders over the past few months on heavy promotion but has dropped big as the promo dollars run out”.
Still, the fact that LOGG remains as volatile as it is means that there is money to be made out of it for opportunistic traders. However, even seasoned investors should be very careful with LOGG.
