IJJ CORPORATION (OTCMKTS:IJJP) posted strong gains on Friday’s trading session. The company’s stock price has crashed or jumped in double digits on almost ten occasions in last one month. Friday was no different, with the stock price surging more than 38% to close at $0.00180. However, it should be noted that such price movement is possible only due to low dollar volume and share price.
It is a small cap firm with an authorized share count of almost 2 billion with share price on the verge of triple zeros. Under such circumstances, it is obvious that any serious activity would prompt the share price flying up or spiraling down.
The performance
As per the last financial report, IJJ Corporation reported cash of $418,000. The current assets stood at $470,000 whereas the current liabilities came at $20,000. The revenue in the quarter was $51,000 and $22,000 was the quarterly profit. The company is constantly taking measures to enhance investor relations and transparency by releasing timely information to the investment public linked with the company’s share structure.
However, the overly wordy and optimistic press releases seem like more like promotions rather than actual updates. Also, the company has a past of actual promotions, which doesn’t improve its credibility.
The deal
IJJ CORPORATION (OTCMKTS:IJJP) entered into a deal with American Seed & Oil Company to construct a specialized residential treatment facility. It is meant for the U.S. veterans suffering from Post Traumatic Stress Disorder. The company intends to purchase Vermont based operating associate, VSF. In association with VSF, it has worked on a number of deals and relationships with universities, additional farmers, property owners and processing operations.
VSF makes an ideal acquisition company for American Seed & Oil. Together they constitute the complete components for a successful partnership with IJJ Corporation. The entire process is expected to conclude in the coming months.
