MMA Global Inc. (OTCMKTS:LUSI) Stock Sees Selling Pressure After Key Updates
Shares of MMA Global Inc. (OTCMKTS:LUSI) were under pressure after recent jump.
Market Stats
On Thursday, LUSI stock went down 9% to $0.2329 with 48K shares, compared to its average volume of 97K shares. The stock moved within a range of $0.2085 – 0.2550 after opening trading at $0.25.
Tech-Driven Genealogy and Family History Play, BillionGraves Teams Up with LUSI
MMA Global, Inc. (OTCMKTS: LUSI) has announced about teaming up with BillionGraves Holding, Inc., which was developed by some of the same technologists that were the brains behind the development of other major players in the geneaological tech space, including some with valuations approaching a billion dollars. The latter is a self-sustaining, in-revenue tech-driven genealogy and family history play, which has over 1.5 million users!
CEO of ZUKI.APP Jim Phipps said that the reason they chose to initiate this partnership is due to the quality of leadership and tech behind BillionGraves. With proper leadership and access to required funding, BillionGraves is set to grow its unique record count at unrivaled price points per record through the exploration of its cutting-edge, proven and proprietary technology.
BillionGraves CEO Hudson Gunn is equally elated to collaborate with the ZUKI.APP team, and they look forward to boost their product and service offerings to the public, while building on the engagement with the very unique genealogical community.
It is expected that subscriber counts and revenues of BillionGraves will show an excellent improvement, while deepening the company’s engagement with its 1.5 million genealogical professionals and family history volunteers and enthusiasts. Both companies will benefit from each other’s strengths.
Key Quote
Of this new partnership, ZUKI.APP CEO Jim Phipps said, “What impressed us so much about this opportunity is the quality of leadership and tech behind BillionGraves. With continuity in leadership and the availability of proper funding, BillionGraves is set to dramatically grow its unique record count at unrivaled price points per record through the exploitation of its entirely unique, proven and proprietary technology. We expect BillionGraves will in this way, doing what it does best, dramatically grow its subscriber counts and revenues and deepen BillionGraves’ engagement with its 1.5 million genealogical professionals and family history volunteers and enthusiasts.”
Traders Corner
LUSI stock is trading below the 20-Day and 50-Day Moving averages of $0.2430 and $0.2402 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.2203.
