Boston, MA 03/21/2014 (wallstreetpr) –SUTIMCo International Inc (OTCMKTS:SUTI) fell back by as much as 53% after witnessing a record rally a day earlier. Nothing in particular could be linked to its previous day’s rally, which is considered as more of a speculation driven rally than of fundamentals. Therefore, in lack of any obvious reasons that have propelled the share prices, experts opine that venturing into the company at this level is highly a risky proposition. SUTIMCo International Inc (OTCMKTS:SUTI) had released its last press release three months ago and had reported its most recent financial report back in November.
Minerco Resources Inc (OTCMKTS:MINE) is taking big leaps in the recent past. The share prices of the company were trading higher by 45% on the previous trade session. The company is a main holding company of its subsidiary Level 5 Beverage and the chief operation of the company relates to the development, production, commercialization and distribution of all-natural and high-class brands. The only recent development that relates to the company is its 8-K filings, which specifies that the company has signed a material definitive agreement with Braeden Storm Enterprises, Inc. as on March 5, 2014. As per the agreement, Minerco Resources Inc (OTCMKTS:MINE) will exchange its previous Note dated Sept. 6, 2013 with June 6, 2014 dated note, currently held by Braedon and carrying a principal amount of $20,000.
MyEcheck Inc (OTCMKTS:MYEC) was marginally higher by 4.14% on Thursday as the company seems to dabble into the medical marijuana market. The company’s recent announcement states of signing a letter of intent (LOI) with Itonis, Inc., which wishes to acquire software licenses of MyEcheck’s mobilepayment application. It is to be noted that these mobile applications will be used for medical marijuana, gambling and retail sales transactions. Moreover, this week, the company also reported that it is planning to launch an application meant for government to government transactions, and it news has actually helped MyEcheck Inc (OTCMKTS:MYEC) draw attention.
