EKWX posted volume the stock hasn't seen in well over 3 years. Actually this stock was dead to the investment community until yesterday when it posted a paltry 28 million share day for a total of $2,800. Today the stock posted a volume of over 300 million shares ending the session up 400%. Some might think that this was just a pump of a dead shell, just a shell stock gone wild, while others like myself, dug a little deeper and found that today's volume may be the start of a significant run for EKWX and its shareholders. Why?
It turns out EKWX reinstated with its Secretary of State in the middle of last month. They also changed their company name and address. A reinstatement is usually the first step in the reverse merger process. The next step is a name change. EKWX will now be known as Barrington Enterprises. This should come as welcome news for shareholders, and could result in a significant appreciation of the stock. There have been quite a few recent reverse mergers that have vaulted stocks 1,000%'s higher. Think SKGO from $.0001 to well over $.007 a share.
Could EKWX head from $.0001 to $.007? It is within the realm of possibility. That is the great thing about these reverse mergers. They garner investor interest and with this stock trading in the attractive $.0001 - $.001 range I'm thinking traders will be placing a lot of bets next week that this stock has a SKGO run on its horizon.
These reverse merger plays tend to be the most lucrative of any penny stock trades out there. It's the reason I expect EKWX to post sizeable gains next week.
EKWX should be on your watchlist for next week.
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