Hristina Beeva

Endexx, Corp. (OTCMKTS:EDXC) Soars After Jet Life Promotion

by Hristina Beeva February 11, 2014
Endexx, Corp. (OTCMKTS:EDXC, EDXC message board) is yet another ticker that really took off in 2014 and keeps up the run. On Monday, the stock price added more than 31% to $0.289, on buying volumes of $1.54 million, still far from recent records, but showing a robust interest in the past weeks.EDXC1102.png

Of course, the sudden gain is easy to explain: the ever-increasing appetite of the market, triggered by easy access to novel marijuana companies. If not their business, then at least the stock often offers extreme short-term gains. And the hot tickers are changed every day, as now it is the turn of EDXC to be in the spotlight. RFMK1102.png

Added to the general market attention, we have the directed effort of Jet Life, a professional pumper that took up EDXC for an unknown compensation, probably for free. With such a stock moving out of the blue, pumpers have the ideal opportunity to count the ticker toward their past record. Jet Life made the first mention of this stock since September. EDXC has seen periodic attention from pumpers, and reacted visibly, though the run in 2014 is the strongest so far.

EDCX has a flexible business model that takes up smaller startups with the intention of improving their records and profitability. So it is logical that the company also found a way to be a part of the marijuana boom, by offering side services to the sector, in this case logistical tracking and reporting of marijuana production, according to regulations. Despite the legalization, cannabis remains a restricted substance and in this, EDXC has found a niche to secure the correct mode of shipping and distribution.

Let's hope that the company finds a way to unleash its services, considering its significant financial weaknesses:

  • ZERO cash and current assets
  • $183 thousand total assets
  • $1.2 million total current liabilities
  • ZERO revenues
  • $22 thousand net loss

For its newest business effort, EDXC has partnered with Creative Edge Nutrition, Inc. (OTCMKTS:FITX), and thus expected to have licensed access to a growing facility in Canada. For this and other companies, EDXC plans to offer its M3Hub Seed to Sale Tracking platform.

But despite the promise, EDXC suffers from the risk of being highly inflated in a short period of time. Other stock prices have flagged soon after the initial exuberant days.

Rapid Fire Marketing, Inc. (OTCMKTS:RFMK) also rose strongly on news it would be offering side-services to the cannabis sector, but has had two days in the red already, with some downward pressure.

If you are into novelty, EDXC does not look so new already, and may have seen its best days. Still, the sector has strong incentives to gain and most tickers remain afloat, barring the worst cases of blatant promotion where skeptical investors just drop the stock, with no hope of a future. EDXC will have to show if it can keep up the gains

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