Global Links Corp. (OTCPINK: GLCO) has launched a new networking site similar to an association solely for members of the Cannabis industry.
The Las Vegas-based barter company’s share volume soared, with more than 32,360,354 changing hands, more than five times its three-month average volume of 5,932,805 shares.
The surge in share volume is probably a result of two major moves made by Global Links in the last week.
Canceling Shares
On Feb. 25, the company announced the cancellation of 150,000,000 shares of its common stock, or 24% of the current number of shares issued and outstanding. Following this action, Global Links shares outstanding will equal 478,071,388.
"Global Links has significant growth and acquisition opportunities coming in the near future and it's in our best interest to ensure that our shares are more tightly held right now. By cancelling a quarter of our outstanding shares, we are putting the company in a much stronger position for future acquisitions while simultaneously enhancing the value of our existing shareholder interest. We look forward to announcing positive and exciting business developments in the coming weeks," stated President of Global Links Frank Dobrucki, in a written statement.
Launches Network for Cannabis Industry
Then on Feb. 26, Global Links announced its wholly-owned subsidiary, Hemp Life Today LLC, has launched a proprietary business networking platform for the Cannabis industry called CannaMove.com.
Hemp Life Today's CannaMove.com site will operate similarly to other major business networking organizations, collecting membership dues and planning monthly events that revolve around issues pertinent to the Hemp and Medical Marijuana industry. The first chapter of CannaMove.com will be located in Tampa, FL, home of ‘Medical Marijuana Tampa,' the state's first cannabis college.
This move came less than a week from Global Links’ announcement that its wholly-owned subsidiary, Hemp Life Today LLC, is set to launch a new product, "The Hemp Life Today Complete Medical Marijuana Retail Dispensary Kit™" on its website, HempLifeToday.com.
Written by attorneys, the company's Medical Marijuana Retail Dispensary Kit provides an all-inclusive, step-by-step process for opening and operating a legal dispensary in United States. The kit provides information on every vital aspect of opening a medical marijuana dispensary, including topics such as incorporation, the naming process, state laws, the buying and selling process, management of business operations, selecting a location, providing customer service and several more.
On Mar. 4, AVNR’s share price closed at 7 cents down 1 cent from its share price of 8 cents the previous day.
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Also Making Major Moves
Lithium Exploration Group Inc.’s (OTCQB: LEXG) was also one of the most active penny stocks Mar. 4, with 22,044,211 shares changing hands, nearly 13 times its three-month average volume of 1,720,515 shares.
Its surging volume is being fueled by a bevy of major announcements made by the Scottsdale, Ariz.-based precious metals company.
Acquires 50% of Tero Oilfield Services
On Mar. 4, Lithium announced that, effective as of Mar. 1, its wholly owned subsidiary, Alta Disposal Ltd., ("Alta") acquired 50% of the issued shares of Tero Oilfield Services Ltd. ("Tero") for a purchase price of $1,000,000 CDN. Tero is an oilfield Services Company located in Wardlow, Alberta. The purchase transaction includes an option for Alta to acquire an additional 25% of the issued shares of Tero for $500,000 CDN for a period of 12 months following closing of the transaction. Details of the transaction will be filed in a Form 8K in the coming days and will be found at www.sec.gov.
Tero offers full Class 1B liquid and solid oilfield waste handling. The nearest facility offering the same service is more than 75km away. The addressable market for Tero is about a 30km radius from the facility and there are over 5,000 active oil and gas wells in this natural-gas-heavy producing area. Many of the natural gas producers have additional suspended wells in the addressable market. Over the past few months, however, with gas prices consistently staying above $4.50/mcf, many of these wells are coming back into production which will greatly benefit Tero's business.
“We have been working with the owners of Tero since August 2013 and are excited to have finally completed the transaction. Our goal with this facility is to provide much needed back office support along with sales and marketing efforts, giving us an opportunity for greater revenue and profitability,” Lithium’s CEO Alex Walsh stated , in a written statement.
Conversion of $1.68-Million Debenture
This comes only a few days after the company on Feb. 28 announced that it had processed the final conversion of a convertible debenture in the amount of $1.68 million. "Clearing this note from our balance sheet will afford us more flexibility as we move forward on our acquisition and development plans in Western Canada," stated Lithium’s CEO Alex Walsh, in a written statement.
On Mar. 4, LEXG’s share price closed at 15 cents down 5 cents from its share price of 8 cents the previous day.
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Rolls out New Website
Meanwhile, Baltia Air Lines (OTCBB: BLTA) share volume also skyrocketed, with 11,322,063 shares changing hands, nearly four times its three-month daily average volume of 3,803,571 shares.
It’s hard to say what is fueling this extraordinary volume since there has been no news from the Jamaica, NY.-based company that provides flights to Russia since Feb. 7 when it announced the roll out of its new Web site.
On Mar. 4, BLTA’s share price closed at 3 cents down unchanged from its share price the previous day.
Find out what could be the best investor’s move when it comes to BLTA by getting the complete report here, or by cutting and pasting the following link in your Web browser:
http://www.sixfigurestockpicks.com/
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