Shares of Hiru Corp. (OTCMKTS:HIRU) had a big up day Tuesday up 42%. What caused the surge?
Market Action
Hiru Corp. (OTCMKTS:HIRU) shares closed higher Tuesday up 42% to .01425 adding .00425 on the day. Volume was 65 million shares almost triple its average daily volume. Trading ranged between .009 and .015.
HIRU Files 8K
HIRU filed an 8K Tuesday after market hours. Included are a few clues as to why investors may be bidding up the stock.
SECTION 8 – OTHER EVENTS
ITEM 8.01 – OTHER EVENTS
OTC Markets Filing Codes
On May 11, 2021, the Company received the required filing codes from OTC Markets, Inc. (“OTC Markets”) pursuant to its application with OTC Markets made in late March 2021. These filing codes which will allow the Company to file with OTC Markets all mandatory delinquent and current quarterly disclosure statements required under the Pink Basic Disclosure Guidelines (“Quarterly Disclosure Statements”). The Company is filing these Quarterly Disclosure Statements to become a current alternative reporting issuer with OTC Markets. The Company anticipates having all the quarterly filings downloaded with OTC Markets through the first quarter ended March 31, 2021 within 48 to 72 hours from the public posting of this current report.
Engagement of Securities Counsel
The Company has engaged Donald R. Keer, P.E., Esq., a Pennsylvania licensed attorney, to be its securities legal counsel with regards to all OTC Market issues. Mr. Keer will initially assist the Company in its efforts to become current under OTC Markets alternative reporting system by filing the requisite annual legal letter required by OTC Markets. Additionally, Mr. Keer has been tasked with assisting the Company with the removal of the “Caveat Emptor” and Skull and Crossbones Icon with regards to its stock on the OTC Markets site.
Traders Notes
HIRU has been trending higher the last few months up from a low in the .0003 area at the begining of 2021.
HIRU is currently listed on the OTC Markets website with a skull and crossbones warning investors that the company may be dark or defunct. The company has, however, been updating shareholders since March of this year.
Today’s filing stating that they have received the codes to upload filings directly to the OTCmarkets website and retaining outside counsel to assist in the process should signify that the company will be pink sheet current soon. In 2021 these
Todays action will attract investors looking for momentum plays and the fact the shares closed almost at the high of day shows us buyers are still around. HIRU may still have some legs here. Be sure to put it on your watchlist to see what happens.
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