US Energy Initiatives Corp Inc (OTCMKTS:USEI) is seeing a solid buying pressure in early morning session on Wednesday.
Market Reaction:
As of 9:50, USEI stock moved up 23% to $0.0018 with more than 477.73 million shares, well above its average volume of 201 million shares. The stock has moved within a range of $0.0016 – 0.0020 after opening the trade at $0.0018
Major Trigger:
US Energy Initiatives Examines Multiple Opportunities Including a Gold and Silver Opportunity
Key Highlights:
announced that management has been investigating a number of business ventures that can bring significant shareholder value to the stockholders of the company. Management also invites shareholders to review an interview done this week with the company’s CEO that is informative
Key Quote from Anthony K. Miller, CEO,
“Over the course of the last two months management has been investigating opportunities that it feels will become significant ventures for the company, and the most notable is a project in the gold and silver mining industry (obviously we will explain the deal better once we get closer to a close).
Management is planning to leverage its significant Sumcoin assets to dramatically transform this Company. Sumcoin is a widely held cryptographic blockchain using a scrypt proof-of-work algorithm. The Sumcoin algorithm tracks all coins in real time (it changes in price every 20 minutes) and its price is an aggregate or “SUM” of all top 100 most valuable coins by market capitalization. The Company has almost 40 million dollars of this currency that can be leveraged to capitalize on opportunities for the Company. Management has had many meetings with the principals of this deal and the ultimate goal is to bring shareholder value to USEI. Gold is at historical levels and the projections are that gold and silver are projected to continue to rise for the near-term and the future. If this deal comes to pass the market cap and value of USEI will rise dramatically. The Company is exploring at least 4 other opportunities and management will seek to make the best decision possible.
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