GOIP GLOBAL NEW (PINK:GOIG) stock made a giant leap forward during yesterday's trade session. Not only did its share price soar by 74% closing atits early-November level of $0.004, but also its turnover hit a nine-month high with 194 million shares changing hands, 140% more than Friday's session and five times higher than average.
Since Jan. 10, when GOIG last came up with an announcement, no official company news have been issued. However, a massive trade alert spread like wildfire among newsletters emphasizing on yesterday's large-scale surge. The latter might have something to do with the fairly positive response the company received as a result of its latest GO800 survey. Obviously, the perspective of using text rather than phone numbers sounds like a viable experiment that is bound to succeed in due course. Whether the company will manage to keep up with the hype it has already aroused, remains to be seen.
GoIP Global, Inc. is headquartered in New York. Its core activities are focused on mobile media devices, entertainment and interactive communication technologies.
The most curren financial document made public by GOIG is the annual financial report for the fiscal year ended Sept. 30, 2010. The $660 thousand in current assets might look impressive at first, but on closer inspection it is evident that the sum stated above is heavily dependent on accounts receivable (90K) and other non-specified assets (500K). Therefore, the only actual current assets are the $2 thousand in cash. The current liabilities, on the other had, are on the verge of hitting the $1.2 million mark. The net loss accrued as of Sept. 30, amounts to the staggering $2.6 million.
The development of the company from now on will largely depend on the progress made by the GO800. As of today, however, official confirmations and real steps towards improvement have yet to be made.