I need my head examined, but I bought some VeriTeQ (VTEQ) today (02014.01.10) at $0.83. Just a few days ago VTEQ was a $2 stock. Back on 22 October 02013 VeriTeQ (formerly Digital Angel [DIGA]) executed a 1:30 (reverse) stock split.
Today, 02014.01.18, VTEQ closed at $1.39, up 33.65%. 52-week range: $0.60 - $4.30. The company issued a press release having the following headline: VeriTeQ Partner Establishment Labs Receives Additional CE Mark Approvals to Market Breast Implants with Q Inside Safety Technology. The sub-headline was: New CE Mark Approvals Permit the Sale of Motiva Implants with Q Inside Safety Technology to 28 Countries in the European Union
I've always found RFID an interesting technology.
VeriTeQ develops innovative, proprietary RFID technologies for implantable medical device identification, and dosimeter technologies for use in radiation therapy treatment. VeriTeQ offers the world's first FDA cleared RFID microchip technology that can be used to identify implantable medical devices, in vivo, on demand, at the point of care.
VTEQ is a crap shoot.
Why is it a crap shoot?
ReplyDeleteThis company use to be Applied Digital Solutions that then merged with Digital Angel Corp. which in turn spun off VeriChip. Reverse stock splits 1:10 April 2004; 1:8 November 2008; and 1:30 October 2013. The stock dropped to penny stock status in 2004. Reverse split so it's not a penny stock. Becomes a penny stock again. Reverse split so it's not a penny stock. Just a few days ago it was a penny stock.
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