XcelMobility, Inc (OTC: XCLL) traded huge volume near $1 and then it collapsed. Will it go back up?
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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.
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