XcelMobility, Inc (OTC: XCLL) traded huge volume near $1 and then it collapsed. Will it go back up?
OTCMagic.com covers anything that is hot and happening in the small cap markets and is quickly becoming the preeminent destination for information on APS and SMA picks. You can find our numerous articles on our homepage and in our Market Watch sections.
XcelMobility, Inc (OTC: XCLL) is a heavily promoted stock that reached a high of $1.08 in February at its peak and has since fallen to the $0.25 level. With a documented $1.8M hard mailer budget the stock traded massive volume near $1 and has left a trail of bag holders in its wake. Currently trading at a $14M market valuation XcelMobility has very little revenues ($63k last quarter) and about $340k cash on the books.
XcelMobility (OTC: XCLL) is a US based company focused on the research, development and commercialization of technologies for mobile internet users. The Company develops innovative products which considerably enhance the internet performance of smartphones, tablets and netbooks when connected to cellular carriers. Due to the vast size of the mobile market in Asia and the inherent propensity to connect to the internet using mobile devices, The Company believes that shareholder value is best served by focusing commercialization efforts in the Asian marketplace prior to a product roll out on a global scale.
Below is the hard Mailer they used:
Unfortunately these heavily promoted stocks do not usually end well for investors and XCLL has certainly been no exception to this. The stock has dropped big since it was trading over $1 at the height of the promotion. Currently trading at a market valuation of $14M I do not believe the stock can hold this kind of valuation for long.
Please subscribe to OTCMagic right now. We are an awesome newsletter that provides commentary on anything big and exciting that’s happening on the bb’s so if you are not subscribed yet, please do so immediately, unlike everyone else, we tell it exactly like it is.
To subscribe to OTCMagic right now just scroll up and enter your email in the provided box.
Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. PLEASE NOTE: OTCMagic.com employees are not registered as an Investment Advisor in any jurisdiction whatsoever. Full disclaimer can be read athttp://OTCMagic.com/disclaimer. Release of Liability: Through use of this website viewing or using you agree to hold OTCMagic.com, its operators owners and employees harmless and to completely release them from any and all liability due to any and all loss monetary or otherwise, damage monetary or otherwise, or injury (monetary or otherwise) that you may incur. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. OTCMagic.com affiliates may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. Any opinions expressed are subject to change without notice. OTCMagic.com encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and OTCMagic.com. We make no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies. This is not a solicitation to buy or sell any securities. Any claims or Statements should be deemed hypothetical. OTCMagic.com, nor any of its affiliates are not registered investment advisors or broker dealers.
Latest posts by OTCMAGIC STAFF (see all)
- My Huge New Pick is Golden Grail Technology Corp; GOGY - April 19, 2015
- Did You Know? Monster Stock Pick Coming - March 2, 2015
- Ekso Bionics Holdings, Inc. (OTC: EKSO) Penny Stock with an Eye on Bigger Things! - February 3, 2015