Thursday, May 25, 2017 5:59:37 PM
In addition to all of this, ITKH last reported a LOW FLOAT of just over 168 million shares according to OTCMarkets.com. At the current price of .0032, that is the equivalent of just about $353,000.! Needless to say, we could have a runner on our hands....
So we had to ask, how on Earth is ITKH trading at such cheap levels and how could the Street miss this one? Well, with a Chart looking to Breakout and a Low Float, their oversight could be our gain!
Let's dig in...
ITKH - GOLDEN CROSS OF 50 & 200 DAY AVGS = IMMINENT BREAKOUT?
So let's begin with a chart that technical traders may just fall in love with and has MONSTER written all over it!
After a slow downtrend, ITKH appears to have finally found it's bottom support and has begun to trend upwards.
The key signal to watch here now is a potential cross of the critical 50 & 200 Day Moving Averages, otherwise known as the GOLDEN CROSS!
Needless to say that we'll be watching very closely as a cross of these averages could signal the beginnings of a major BULLISH BREAKOUT!
But there's alot more to ITKH than just a hot chart....
ITKH - A GROWING & DIVERSE TELECOM COMPANY
iTeknik Hlding Corporation was formed to develop and launch new technology and products in the global communications market. Through its Send Global subsidiary, ITKH provides wholesale and retail telecommunications services, and products worldwide.
The company was founded in 2007 and is based in Commerce, Michigan. Through its subsidiaries, iTeknik has more than 20 years of history in the telecommunications industry.
ITKH's services include the following:
Voice-Over Internet protocol origination and termination
A-Z routing and switching
Wholesale carrier routing services
Reseller billing and reporting
Web-based reseller solutions
Prepaid calling card solutions
International cellular calling
Retail point of sale solutions.
ITKH serves B2B carriers, telecom resellers, retail outlets and consumers direct through websites such as www.MyMobile011.com, www.GreatMinutes.com, www.AloBilady.com, www.IndiaMinutes.com and www.MexicoMinutes.com.
WHAT DOES THE STREET REALLY CARE ABOUT? REVENUES & PROFITS!
And it appears that ITKH's business model is working as the company has seen an increase in Revenues each year since 2010 and has been PROFITABLE!
Again, how did the Street miss this company?
But there's much more to this company than just telecommunications and growing revenues...
MAJOR DEVELOPMENTS
On May 8th, ITKH announced that it has signed an agreement with BioFusion, Inc. to help expand the sales of BioFusion's unique products for home, office, commercial and military markets. The Company already sells products under several of its own trademarks such as BioFusion™, Green Beast™, Clutter Clean™ and Natures Solution™ as well as private label products at Military, PX's, and on Home Shopping Network. In addition, its private label products are available in stores in virtually all states through large independent distributors. The company's website is www.biofusion.co.
David Gubb, President and CEO of BioFusion stated, "The secret of our products and
what makes us unique is they are all-natural based. They are made up of special
organic proteins that supercharge the cleaning and sanitizing abilities of our surfactants.
This gives us the ability to avoid harmful chemicals and reduce the amount of surfactant
needed to clean quickly, efficiently and safely. We are excited about this new opportunity
to work with iTeknik."
ITKH announced that a planned closing to sell the assets of it's subsidiary, Send Global, had been delayed. The purchase agreement was estimated to be valued at $2 mil. in cash + common stock [read more]. If the sale finally goes through, this would be a major success for the company to "cash out" of what they built and focus on the company's newest venture, BioFusion, Inc.
Needless to say, this kind of a news may have a significant impact for shareholders as well so we will certainly be watching the news wires!
With a Low Float at bargain-bin Sub-Penny prices, major potential news updates, a HOT Breakout Chart with a potential Golden Cross looming, and growing revenues & profits - make sure ITKH is the only thing on your screen right now!
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