{"id":4625,"date":"2014-05-22T10:12:54","date_gmt":"2014-05-22T10:12:54","guid":{"rendered":"\/?p=4625"},"modified":"2014-05-22T10:19:29","modified_gmt":"2014-05-22T10:19:29","slug":"tmm-inc-otcmktstmmi-announces-partnership-stock-goes-wild","status":"publish","type":"post","link":"\/articles\/tmm-inc-otcmktstmmi-announces-partnership-stock-goes-wild\/","title":{"rendered":"TMM Inc (OTCMKTS:TMMI) Announces Partnership, Stock Goes Wild"},"content":{"rendered":"

\"TMMI.png\"TMM Inc (OTCMKTS:TMMI<\/a>) went through an unusually interesting session yesterday. It opened the day with a rather big gap up and started to climb almost immediately. At one point, it reached a 52-week high of $0.25<\/em>, but unfortunately, the pressure at these levels proved to be a bit too much and the ticker crumbled. It dropped to a low of $0.15<\/em> and then recovered some of the lost ground to finish the session with a share price of $0.175 and a dollar volume of around $1.64 million<\/em>. <\/p>\n

Considering the liquidity problems that TMMI<\/a><\/strong> has experienced over the last couple of years, the trade value is particularly impressive. The logical question is: “What caused the sudden volume spike?<\/em>“.<\/p>\n

It was a press release and it actually hit the wire about half an hour before Tuesday’s closing bell. TMMI<\/a><\/strong> informed us that they have entered into a joint research program with a company called Raytheon Company (NYSE:RTN<\/a>). Apparently, the two enterprises will put resources into testing and refining the TRUEDEF technology which is owned by TMMI<\/a><\/strong>. <\/p>\n

The press release doesn’t tell us how much money will be put into the program, but we should note that unlike many small cap companies, TMMI<\/a><\/strong> actually has some capital. Here’s what the Q1 report tells us:<\/p>\n