{"id":3146,"date":"2013-11-11T15:11:27","date_gmt":"2013-11-11T15:11:27","guid":{"rendered":"\/?p=3146"},"modified":"2013-11-11T15:11:51","modified_gmt":"2013-11-11T15:11:51","slug":"umax-group-corp-otcbbumax-surges-after-pr-article","status":"publish","type":"post","link":"\/articles\/umax-group-corp-otcbbumax-surges-after-pr-article\/","title":{"rendered":"Umax Group Corp (OTCBB:UMAX) Surges After PR Article"},"content":{"rendered":"<p> <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/6UMAXchart.png\" border=\"0\" alt=\"6UMAXchart.png\" title=\"6UMAXchart.png\" width=\"350\" height=\"156\" \/>The last two months have been quite eventful for the shareholders of Umax Group Corp (OTCBB:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=UMAX\">UMAX<\/a>). Ever since its horrendous crash in mid September when it lost nearly 70% of its value in a manner of days dropping from $2.98 to just $0.80 per share the stock has been on a constant roller coaster ride. As you can see from the chart every attempt at a recovery has been met by an almost equal downfall. Currently the stock is once again on the uprise closing Friday&#8217;s session 20% up at $1.14. <\/p>\n<p>The surge came most likely as a result of the PR article released by the company on November 7. This may have surprised investors because prior to it <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=UMAX\">UMAX<\/a> had not made a single announcement outside of their SEC filings. Still, the market responded immediately and during the next session 257 thousand shares changed hands, more than twice the average amount.<\/p>\n<p>The company revealed two new strategic partners &#8211; Ship-Right Solutions and Core Logix. <br \/>Ship-Right is a full service logistics firm while Core Logix is a call center that is going to receive all the sale requests for <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=UMAX\">UMAX<\/a>&#8216;s products. Which, by the way, are just three according to the official site of the company.<\/p>\n<p>And before you get overly optimistic keep in mind that the same products managed to bring only $7000 in revenues for the quarter ending July 31. The other financial results for the period were:<\/p>\n<ul>\n<li>cash: $8,526<\/li>\n<li>current assets: $10 thousand<\/li>\n<li>current liabilities: $28 thousand<\/li>\n<li>quarterly net loss: $19 thousand<\/li>\n<\/ul>\n<p>On September 10 they were able to significantly improve their cash reserves by selling 100 thousand shares priced at $2 each. But until the next report is filed we won&#8217;t know how far their business has progressed. Not to mention that the current market cap of $111 million is grossly disproportionate to the reality of the company. If you are contemplating investing in <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=UMAX\">UMAX<\/a> be sure to do your own research and decide on appropriate time horizons in order to minimize the possible losses.<img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/8GLERchart.png\" border=\"0\" alt=\"8GLERchart.png\" title=\"8GLERchart.png\" width=\"350\" height=\"156\" \/><\/p>\n<p>Before the weekend the stock of Global Earth Energy Inc (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GLER\">GLER<\/a>) continued sliding towards the bottom by further losing 26% of its value and dropping to $0.0025 per share. On the other hand First Liberty Power Corp. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=FLPC\">FLPC<\/a>) rose to yet another 52-week record of $0.07.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The last two months have been quite eventful for the shareholders of Umax Group Corp (OTCBB:UMAX). Ever since its horrendous crash in mid September when it lost nearly 70% of its value in a&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[56,230,1004],"class_list":["post-3146","post","type-post","status-publish","format-standard","hentry","category-news","tag-flpc","tag-gler","tag-umax"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3146","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=3146"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3146\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=3146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=3146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=3146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}