Gawk Inc (OTCMKTS:GAWK) Adds Revenue Battles Short Selling

Gawk Inc (OTCMKTS:GAWK) Adds Revenue Battles Short Selling

Gawk Inc (OTCMKTS:GAWK) Adds Revenue Battles Short Selling

Gawk keeps adding revenue and expanding, short sellers are very active here but the old adage “build the company and the stock will follow” at some point will kick in here and the stock will take off.

Scott Kettle, CEO,  announced that the Company has acquired the VOIP assets of Xtelus LLC, a North Carolina LLC and Xtelus S.A, a Dominica International Business Company. “This new addition to GAWK will put the Company at an annual revenue run rate of approximately $7 million,” said Scott Kettle, GAWK CEO. “The $1million in annual revenue Xtelus adds to our bottom line proves our strategy of evolution by acquisition, plus continuing organic growth. The Xtelus executive team is widely known in our industry as specialists in VOIP technology, and combines seamlessly with our strong management team.”

The acquisition of Xtelus is GAWK’s fourth acquisition since the Company’s founding in 2013, joining Net D Consulting, Connexum and Web Runners.

Candlesticks Indicate a rally

A big black candle occurred.  This is bearish, as prices closed significantly lower than they opened.  If the candle appears when prices are “high,” it may be the first sign of a top.  If it occurs when prices are confronting an overhead resistance area (e.g., a moving average, trendline, or price resistance level), the long black candle adds credibility to the resistance.  Similarly, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area.

During the past 10 bars, there have been 1 white candles and 8 black candles for a net of 7 black candles.  During the past 50 bars, there have been 19 white candles and 26 black candles for a net of 7 black candles.

Three black candles occurred in the last three days.  Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.

Here is data on how active the shorts are:

Historical Short Volume Data for GAWK
Date Close High Low Volume Short Volume % of Vol Shorted
Jul 13 0.003 0.004 0.003 2,827,799 532,005 18.81%
Jul 12 0.003 0.003 0.002 6,147,857 2,419,232 39.35%
Jul 11 0.003 0.004 0.003 10,341,596 1,821,015 17.61%
Jul 08 0.004 0.004 0.004 2,843,633 767,999 27.01%
Jul 07 0.004 0.004 0.004 2,317,000 521,000 22.49%
Jul 06 0.004 0.004 0.004 3,297,000 1,606,250 48.72%
Jul 05 0.004 0.004 0.004 464,999 14,999 3.23%
Jul 01 0.004 0.004 0.004 2,286,169 16,392 0.72%
Jun 30 0.004 0.005 0.004 6,179,811 1,505,000 24.35%
Jun 29 0.005 0.005 0.004 5,386,303 456,304 8.47%
Jun 28 0.004 0.004 0.004 6,911,193 1,930,555 27.93%
Jun 27 0.004 0.005 0.004 1,877,049 87,012 4.64%
Jun 24 0.005 0.005 0.005 741,956 711,956 95.96%
Jun 23 0.005 0.005 0.004 5,695,065 1,596,157 28.03%
Jun 22 0.004 0.005 0.004 16,185,573 3,263,997 20.17%
Jun 21 0.005 0.005 0.004 2,052,000 757,000 36.89%
Jun 20 0.004 0.005 0.004 5,257,798 2,038,100 38.76%
Jun 17 0.004 0.004 0.004 7,061,549 2,778,534 39.35%
Jun 16 0.004 0.005 0.004 5,223,214 881,210 16.87%
Jun 15 0.004 0.006 0.004 17,560,617 6,419,557 36.56%
Jun 14 0.004 0.004 0.004 4,576,511 776,511 16.97%
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Shayne Heffernan Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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