There were some stocks which ended up recording considerable losses on Monday and one of those was that of BorrowMoney.Com (OTCMKTS:BWMY). Following a key announcement from the company yesterday, the stock suffered from a steep selloff and went down by as much as 20%.
On Monday, BWMY stock slumped 20% to $0.3601 with more than 94k shares, compared to its average volume of 4.3K shares. The stock has moved within a range of $0.3601 – 0.7000 after opening trade at $0.47.
BorrowMoney.com Launches Call Center
In this situation, it might be a good move to take a closer look at the announcement from the company yesterday. BorrowMoney.Com came into focus yesterday after it emerged that it had launched a new call centre for the purpose of taking care of the demands from existing as well as its new clients.
The company went on to add that the call centre property also has ample space so that BorrowMoney.Com could hire more sales staff if the demand arises for the same. In addition to that, there is enough space to place the personally for additional support and also the research team at the same property.
The staff hired for the call centre are highly trained, according to the company’s CEO Aldo Piscitello, and will be able to take care of all customer demands efficiently. However, it seems that the development was not welcomed by investors and it will be interesting to see if the stock can bounce back any time soon.