US Energy Initiatives Corp Inc. (OTCMKTS:USEI) was up 11% after the company announced the submission of a link regarding the company interview carried on December 13, 2021, offering an update on its possible business opportunities.
Market Stats
On Tuesday, USEI stock rose 11.11% to $0.0010 with more than 93.51 million shares, compared to its average volume of 69.61 million shares. The stock has moved within a range of $0.0009 – 0.0011 after opening trading at $0.0010.
US Energy Initiatives Provides Another Company Update
CEO Anthony Millers said that the twenty-minute discussion to investors is the third or fourth time they are offering updates regarding USEI affairs. The interview focuses on the firm’s future and how it can leverage its “Digital Assets” for growth. Presently USEI’s Sumcoin assets are around $40 million to $60 million daily, with an expected value of the digital currency expected to continue next year.
Management initially planned to put $10 million of the assets “under management” with BMCS SUMCOIN INDEX Fund, which is a publicly-traded entity. The goal of the transaction is to get fair market value for the digital assets at POS, not at a discounted value. The company will use proceeds from the sale to begin “green energy mining operations.” So in the coming weeks, USEI is worth watching.
Key Quote
According to Anthony K. Miller, CEO, “Today, I did an interview that can be heard from the link above, that is a 20 min discussion that I had with one of the Company’s investors… this is the 3rd or 4th time we have spoken about the affairs of USEI. The interview focused on the future of the firm and how management intends to utilize its “Digital Assets” to grow this firm. Currently, the company’s Sumcoin assets hover between $40- $60 Million dollars daily and the projected value of this currency is expected to continue to grow in 2022.
