Rogue Station Companies Inc (OTCMKTS:RGST) Stock Rockets 180% On Unusual Volume
The Rogue Station Companies Inc (OTCMKTS:RGST) stock started the week off with a strong performance on Monday and that came about after the company announced that it signed an exchange/purchase/sale agreement with Everdime Technologies Inc.
Market Stats
On Monday, RGST stock skyrocketed 180% to $0.50 with more than 1.93 million shares, compared to its average volume of 140k shares. The stock has moved within a range of $0.1915 – 0.6100 after opening the trade at $0.20.
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The announcement came as a massive boost for the Rogue Station stock and it soared by a mammoth 179% as investors piled on to the stock in droves. It is going to be interesting to see if the stock continues on its upwards move today or if investors decide to book some of their profits.
In this situation, it might be a good idea for investors to take a closer look at the nature of the agreement with Everdime. It should be noted that the agreement that was signed yesterday is effectively the similar to the letter of intent that had been signed between the two parties last month.
Shareholders in Everdime as well as financers are going to have the option to buy or be issued the equivalent in shares that will give them 80% control of Rogue Station Companies. The whole thing would only happen in exchange for 100% of the shares in Evedime. Investors could do well to keep an eye on the Rogue Station stock today.
Key Quote
Sandor Miklos, CEO of Everdime, stated, “John Conroy and his team have done a great job putting together a clean, well-structured mini-SPAC; it fits our ‘going public’ needs perfectly. We’re saving months and satisfying all our biggest funding partners’ requirements. For us, this is “go time” and we’re excited about launching our Everdime token and related affinity-based and social media influencer “custom coins” and NFTs. We’ve had incredible response to our initial proof of concept presentations; we can now devote our attention to meeting our expected customer needs. Everdime expects to bring social influencers, organizations and sports teams to its great platform, allowing them to monetize their success and us to participate in multiple income streams.”
