Yesterday, 11,520 securities traded $2.5 Billion or 23 Million shares on the United States Over-The-Counter stock markets. There were several companies experiencing bullish momentum that could continue today.
A shortlist for your radar includes:
ILUS International Inc. (OTCMKTS:ILUS)
FERN traded 36,957,036 shares on Monday closing up 15.96% at $0.4511.
ILUS is a Mergers and Acquisitions company focussed on acquiring and developing technology-based companies globally. The company has already completed 3 acquisitions in 2021 and is currently in the process of completing multiple acquisitions in the US and Europe. Having recently provided an update on its US acquisition strategy and progress (13 Sept 2021), the company is now providing as much of an update as it is allowed to at this stage on the current large European acquisition which it is working on.
Cyberlux Corporation (OTCMKTS:CYBL)
CYBL traded a whopping 12,168,078 shares yesterday, closing up 25% at $0.056. The stock is up 400% over the past month.
Two months ago, CYBL, a leading provider of LED lighting and renewable energy solutions, provided an update for investors on their share structure and announced their reporting status as ‘current’. According to the release, CYBL’s 20 billion Authorized Shares will be reduced by 11.25 billion to 8.75 billion, a reduction of 56.25% overall.
The company’s OS is currently inflated by what they refer to as “phantom shares”, quoting the press release: “Outstanding Shares balance of 5,081,275,578 included 700 million phantom restricted shares from a transaction in 2014. These 700 million restricted shares were reported and confirmed lost in 2018 and will never be tradeable. Unfortunately, the process of removing these from the Outstanding Share level is impossible in this particular situation and going forward the Effective Outstanding Share level is 4,381,275,578. This is an important matter as it improves the equity valuation for shareholders by 16%.”
Allied Energy Corporation (OTCMKTS:AGYP)
AGYP closed Monday up 4.75% which could be a sign of bullish momentum taking over the stock.
The company has just started pumping oil from wells in Texas. While energy price and demand reach record highs, AGYP is an independent that has literally struck oil and has started pumping barrels when domestic buyers need it most.
Komo Plant Based Foods Inc. (OTCMKTS:KOMOF)
KOMOF traded almost 10 times its average daily volume Monday, closing up 29% at $0.3024.
Frozen food company, KOMOF’s move came a day ahead of the company’s first day of co-manufacturing with an established food manufacturer in Metro Vancouver. After months of due diligence of various potential co-manufacturing partners, Komo, on Sept 23, 2021 entered into a co-manufacturing agreement with a company whose facility is in Metro Vancouver. Pursuant to the agreement, Komo can immediately increase manufacturing for six of its products currently on the market. Komo has been preparing for expansion with this chosen co-manufacturer with the order of specialized equipment to produce Komo products, which arrived last week, allowing production to now begins.
