Avatar Ventures Corp. (OTCMKTS:ATAR) stock was a big mover in the market yesterday at the back of no solid news or press release from the company. A 125% rally in the market came as a surprise to many, given that it pushed the stock to a new 52-week high of $0.0901 a share. The rally could be an indication that the company is making progress on its push to become a key player in the multi-billion Dollar T-shirt industry. However, there is a monkey in the wrench and here is why the SEC may suspend trading in ATAR Ventures Corp (OTCMKTS:ATAR):
A) The newsletter that is currently promoting ATAR has had several of its stock alerts suspended for trading by the SEC. See HERE
B) Avatar Ventures Corp. (OTCMKTS:ATAR) today announced that it is “committed to executing its business plan for its printable garment line under the brand TEES2BSEEN. AVATAR has and is continually active in signing up interested parties to achieve its goals. AVATAR believes its process is cutting edge for pressing high definition imagery and graphics, especially in regards to cotton. Cotton is a much more comfortable shirt, but it is the hardest in achieving high quality images”. In the press release, the company also commented that “AVATAR has been made aware of some false, outdated and inaccurate information that has been circulating on the internet. AVATAR has pointed out the inaccuracies to one of the known parties that has released said information. AVATAR accepts no responsibility for these inaccuracies.” Read HERE
We think the company made the right move by releasing today’s press release. Its important to follow traders vigilance when trading penny stocks such as ATAR.
After months of testing and collaboration with AutoArt Color Solutions, Avatar Ventures reiterated early this year that it hard made an important milestone in the printed garment industry. The announcement followed the revelation that the company had heat pressed a virtual photographic quality tone image on a cotton T-shirt.
Given that this was the first time that a company in the industry had achieved such a feat, many believe the same would open big opportunities for Avatar Ventures in the Multibillion T-shirt printing industry. Unlike other similar process in the industry, Avatar Ventures process does not show any dots or pixilation of images under magnification.
The company’s process has also produced virtual images on T-shirts with vibrant colors true to the original images. It now awaits to be seen whether the company has indeed made substantial progress on the revolutionary technology given the amount of interest the stock is getting from investors on the Street.
Opportunity at Stake
Avatar Ventures believes the process at hand could go a long way in providing opportunities for artists, photographers and musicians in having their images pressed into T-shirts while maintaining the same quality. Artists can now print a limited edition of signed T-shirts using the proved process.
The same should go a long way in providing unique opportunities for revenues given the significant interest the process is attracting. While it is still unclear whether the recent rally in the stock is down to progress made on the wearable art process a confirmation from Avatar Ventures Corp.(OTCMKTS:ATAR) should help shed more light on the same.
Disclaimer: I do not own any position in this stock nor I am shorting it. Its my opinion and research and I have not been compensated in any way to write this article on ATAR. Please conduct your own due diligence before investing and trading in any stock mentioned by JournalTranscript.com