KNOS, not long ago, was trading over $.02 a share. It has since dipped on light volume, until last September when the stock was reinstated. These reinstatements are indicative of an impending merger. With merger news KNOS could trade significantly higher than the $.02+ levels before it became inactive.
Take a look at today's volume and price action. It did not take much buying pressure to send the stock up 700%. Imagine what a merger press release would do to the stock? This is what we call "Buying Before The Crowd".
- We've have an active stock at the Secretary of State that was recently reinstated for the purpose of a reverse merger.
- We have a stock that traded 700% higher on some decent, but not overly aggressive, buying pressure.
- We have a stock that closed right near the high of day.
- We have the potential for a reverse merger that will ultimately bring significant value back into the stock.
Just on the potential, and price momentum, this stock should be trading higher. We've recently seen these triple zero stocks go for the moonshot, one word, VCTY. With a very nice share structure and the possibility of merger news, KNOS should be a stock to watch going forward.
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