Good News From TheDirectory.com, Inc. (OTCMKTS:SEEK) Provide a Climb
The stock of TheDirectory.com, Inc. (OTCMKTS:SEEK) wasn’t getting much attention lately, but the last 2 sessions went a little bit differently and the ticker made decent jumps both in price and in volume.
The first larger percentile gain that SEEK has made in a while was before the weekend, when their stock added 19.35% to its value without any obvious reasons. That day we saw some 52 million traded shares, but the doble zero price of SEEK didn’t produce a high trade value.
Then on Sunday the company made a press release announcing preliminary financial results for the year ended November 30, 2013 which showed growth. They also announced that they will file their first annual report with the SEC on January 23 in order to become a fully reporting company and be uplisted to a higher tier in the OTC markets.
The press release’s ending, however, was probably the most intriguing part. It informed us that the company is planning of hosting an investor call, also on January 23, to discuss the matters and give a mid-quarter update to the shareholdes. The best part, however, was that the company’s CEO, Scott Gallagher was quoted saying that the Q1 revenue will beat the revenue for the entire 2013.
That led to an even bigger jump in yesterday’s session and an increase in volume. SEEK finished the session with a 32.43% gain at $0.0049 and the 132.6 million shares that switched hands generated some $606 thousand in dollar volume.
The most worrying part, however, is that there is another website that Mr. Gallagher is managing called businesslist.com and yes you guessed they sell business lists. Nothing wrong with that, but we found some complaints on Ripoff Report from people who dealed with them and were charged but didn’t receive the service they paid for. One of them is more lenghty and even has attached photos of the email received from Mr. Gallagher.
This of course doesn’t mean that TheDirectory.com is the same story, but at least it is enough for you to take caution and do your due diligence before making a decision to invest in SEEK.
It seems that Growlife, Inc. (OTCBB:PHOT) is in freefal mode as their stock registered its 5th red session in a row. GreenGro Technologies Inc. (OTCMKTS:GRNH) on the other hand is managing to stay stable and gained 10% yesterday.