July 9, 2021

SGOC Stock Increases Over 429% Intraday: Real Reason Behind it

The SGOCO Group, Ltd. stock price increased 429% during intraday trading with no company-specific news - which is rare for a publically traded business to experience this kind of growth in such a short amount of time without any major event taking place that could account for it.

The SGOCO Group has been notified by The Nasdaq Stock Market Inc. that the company will lose its listing on July 16, 2021, for failure to submit an annual report with U.S Securities and Exchange Commission's Form 20-F by December 31, 2020

The SGOCO Group received notification from The Nasdaq Stock Market Inc., notifying them of their loss in compliance with US securities regulations due to noncompliance filing deadlines set out under Regulation 5250(c)(1). Under regulation 5810 (c) 2:6 F), they have until 7/16/2021 before it loses its exchange privileges as outlined in this letter dated 5/18 which was sent via mail but may also be accessed through the SEC website or mailed.

The SGOCO Group, Ltd. stock price increased 429% during intraday trading with no company-specific news - which is rare for a publically traded business to experience this kind of growth in such a short amount of time without any major event taking place that could account for it.

SGOCO filed a 20-F on July 7th and the company's shares have been trending upward ever since. SGOCO is currently one of the most talked-about stocks in multiple stock trading forums this week.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.

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