Nobody really knows what is going on at this point. Just for perspective, below is what I wrote for a different stock, but applies here as well as with many others. It is just an IMO piece...
After doing some digging, I really don't think all this volume/price movement is based on any specific business dealing(s). So any updates from KA aren't really needed just yet. Maybe when the updated website with new products rolls out he will PR it.
There are literally dozens of penny stocks including trip plays that have been DORMANT for several years having huge volume surges and price increases. Most with billions OS, no fins in years, non-current status, just plain dead. All are moving with no news.
And based on the number of stocks and the amount of $money being traded each day with all of them, this isn't Covid relief money coming in. I'm seeing $10k, $20k, $30k buys going off all day on some of these. So, $600 stimulus checks aren't doing this.
All that being said, it sure is interesting to see it play out. Several trip stocks going to pennies over the past few weeks, and dozens of low double zero stocks hitting dimes, many dimes. Most have billions of shares out.
Looking deeper into many of them, they are hitting between 100m to over a billion shares traded per day for 3-4 weeks before sky rocketing. And I'm talking about DORMANT stocks that haven't seen the light of day for years are suddenly blowing up with volume, then price surge. All this with no news and virtual silence from these companies. Which is why I say we don't need to hear from KA right now, just let it play out.
IMO... we are looking at another 2 weeks of this massive volume before it really takes off. I think it goes several ticks up and a couple ticks down over that time, then take off from like 001-0014. Once that happens (if it tracks like the others) it can hit a penny or more in a few trading days.
Regardless of how this plays out, it sure is interesting to see.
