With a stream of positive news coming from the company, O2 Secure Wireless Inc., (OTOW) has had quite an interesting week. On Monday we saw them issue a press release announcing the approval of their “COALS” Application from the FCC.
On Tuesday they announced a secured Broadband Network Agreement with the city of Palm Coast in Florida.
On Wednesday, the 16th of February, they had no particular news issue; but, the equity of O2 Secure Wireless saw a significant jump in its stock price. OTOW rose from lows of $.013 cents per share to as high as $.024 on an intraday basis. This performance by OTOW lead to it being featured on nightly newscast.
Thursday, it seems was a sleeper.
Looking at the stock today, shares of OTOW have already rallied up over 23% on 8 million shares. They issued a press release this morning announcing a lease agreement to build a tower in Flagler County in Florida.
What’s next? It appears that like O2 Secure Wireless has big plans on in its expansion goals within the Florida. The equity has had a strong week, and it should be interesting to see if they can keep the momentum going. As of this posting, shares of O2 Secure Wireless are trading at their highest price in six months. The stock was trading as high as $0.10 a share in March 2010, and hovered near $.04 cents until July–before plummeting to subpenny status–where it has lingered for until this week.
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