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Wednesday, June 03, 2015 1:20:41 PM
January 29, 2014 - Exobox Announces the CBG merger...
The question... How did this event affect the stock of the company?
A quick view at the actual numbers are staggering! Mr. Irvine's Strategy increased the value of the company by as much as a whopping 357% !!!!!! This is the bad deal?
The 30 Day Period BEFORE the announcement EXBX traded as high as .002 per share with an average closing share price of .0018 per share and an average volume of 1,456,700 shares. On January 29, 2014 when the company announced the CBG deal the stock was at .0014 per share.
In the 30 Day Period AFTER the announcement EXBX traded as High as .005 per share, a 357% increase from the date of the announcement, with an average closing share price of .0026 per share, a 142% increase over the previous 30 day period with an average volume of 2,609,100 shares or a 179% increase in share volume and a 254% increase in average dollar volume of traded shares....
If you look at the 90 Day period before and after the numbers are virtually identical except the average volume increases after to 193% while everything else remains virtually unchanged.....
Yes the truth is interesting, no matter which way we look at it....
IMHO
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