{"id":2623,"date":"2013-09-24T16:14:37","date_gmt":"2013-09-24T16:14:37","guid":{"rendered":"\/?p=2623"},"modified":"2013-09-24T16:14:39","modified_gmt":"2013-09-24T16:14:39","slug":"transwitch-corp-otcmktstxcc-blast-off-in-fridays-session","status":"publish","type":"post","link":"\/articles\/transwitch-corp-otcmktstxcc-blast-off-in-fridays-session\/","title":{"rendered":"TranSwitch Corp. (OTCMKTS:TXCC) Blast Off in Friday’s Session"},"content":{"rendered":"

\"9TXCC_chart.png\"TranSwitch Corp. (OTCMKTS:TXCC<\/a>) is one of those companies in the OTC Markets that was once traded at the NASDAQ. It’s movements in price are usually small and the volumes are kept at a minimum, but Friday’s session begs to differ. <\/p>\n

The ticker was barely moving since the beginning of the month and the volumes of traded stock that it registered didn’t manage to generate trade values of above $80 thousand. Friday went a little bit different as the stock plummeted on high volumes, generating quite a lot in trade value.<\/p>\n

TXCC<\/a> lost a total of 38% in price and went from $0.2425 to $0.15 in the final minutes of the sessions when a major dumping fiasco took shape. A total of 2.5 million shares switched hands in the session and helped generate a trade value of $433 thousand at the end of the day.<\/p>\n

Oddly, there were no news coming from the company and we consider that these changes might be a result of several paid reports that were issued in the day’s prior to the drop. There are still paid reports coming in, so we reckon that we will be seeing some action in TXCC<\/a>‘s sessions.<\/p>\n

The most recent news after the NASDAQ voluntary delisting were about a deal that TXCC<\/a> closed with Michael Stenhardt of Ilex Partners, LLC for the sale of 9.8 million shares in exchange for $2.5 million, which will be used to fund the company’s operations. What did TXCC<\/a> have before that deal? Let’s take a look at the numbers of prime interest from their Q2 report.<\/p>\n

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