Could Breaking News On SGSI See Its Stock Price Move Up Again?
SGSI was yesterday’s big mover, and strap in, because the same thing could happen today!
After opening at $.18, it climbed all the way to a high of $.30 during Thursday’s session. That $.12 move generated a 66.6% intraday move! On top of that, there were multiple opportunities for potential swing trades throughout the session.
Now, I’m staring dead in the face of a brand new press release from late last night that could see SGSI shares continue to push up the charts. Read now:
Spectrum Global Solutions Receives Over $1.6M in New Work
LONGWOOD, Fla., March 07, 2019 (GLOBE NEWSWIRE) — Spectrum Global Solutions, Inc. (SGSI) (the “Company”), a single-source provider of end-to-end next-generation wireless and wireline network solutions and professional services to the service provider (carrier) and corporate enterprise markets, today announces that in the last two weeks it has received over $1.6m in new contract awards to support carrier network upgrades.
“These new orders show an acceleration of the growth we have predicted for this year,” stated Spectrum CEO Roger Ponder. “This growth in opportunities, when coupled with the unique solutions and technology brought to market through our pending WaveTech merger has us very excited for the future of our Company.”
The Board approved an amended 14C that provides the current and future Board with the flexibility to address any NASDAQ up listing requirements that are associated with price. It is still the Board’s intention to limit the actual size of the reverse to achieve what is desired for a successful up listing.
As previously announced, Spectrum Global’s and WaveTech Global Inc. will create a consolidated entity valued at more than $130m and will seek approval for up listing to the Nasdaq as soon as practicable.
That’s some pretty solid news. Could it become a catalyst for another stunning SGSI run today?
With SGSI holding on to a good portion of its gains yesterday and closing at $.2699, a push through yesterday’s high of $.30 could bring fireworks today!
Keep SGSI on your radar during the session, and get ready… After market close today, I’ve got another firecracker to release in the form of a brand new alert with massive upside potential to get your Monday started right! Talk soon.
Stock Wire News
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