Register
Pink Sheets Markets Today:
Jan 24, 2012 total dollar volume
$712,973,027
Follow pinkinvesting on Twitter
Join PinkInvesting On Facebook
Author:
By Ekaterina Zelenkova
Jul 11, 2011

Options Media Group Holdings, Inc. (PINK:OPMG) Stock Continues The Upward Move

OPMG_price chart.jpgOn Friday, after only one trading session with a price decline, Options Media Group Holdings, Inc. (PINK:OPMG) stock “restarted” the upward move. Positive news and a recent stock report rushed  company's shares.

After the immense stock stir in May, though not in strong investors' activity, shares' price is climbing up slowly and almost constantly. Since than, OPMG gained 400%.

The end of the spring was the time of company's shares blossoming. Than, Options Media Group Holdings, Inc. announced the so called “Bieber Agreement”. Looks, this agreement and company's efforts to develop and offer its DriveSafe software opened the door for an almost invariable shares upward move.

At the end of May, Options Media disclosed its financial report for the first quarter of this year. The company reported an increase of 157% in revenues from continuing operations for the three months ended March 31, 2011 in comparison with the same period last year.

Two weeks after the optimistic financial report, the company released the closing of a private placement. OPMG raised $1.7 million in net proceeds selling 18,400 shares of series A convertible preferred stock and 6,149,998 warrants.

OPMG_from the site.pngLast Wednesday, Options Media filed for SEC new, three-year employment agreements with Scott Frohman, the company’s Chief Executive Officer (CEO), and Keith St.

Clair, the OPMG’s Chairman. One of most impressive clauses of agreements is this, related to the company's operational results. Mr. Frohman and Mr. St. Clair will receive quarterly and annual performance bonuses, equal to 5% of the company's EBITDA for the applicable period.

At present, parallel to all recent positive developments of Options Media Group Holdings, Inc. is the campaign, related to the dissemination of OPMG’s stock report.

Although all positive news and stock reports related to the company, it is good to remain investor, that the best investment is this, based on the own due diligence done. Last Thursday, the small-cap research provider MicroStockProfit.com released its report on OPGM. As often happens, the report may influence the demand on shares at an unpredictable scale.

On Friday, OPMG rose 6.71% to close at $0.07. Within the trading session almost 15 million shares changed hands, confirming the company's market value of $31.95 million.

Average Reader Price Target For OPMG:

Going Up!
0.0819

What price do you think this stock will go to?

Reader Valuation Chart

Article Comments:


Comment: