Emo Capital Corp. (OTCBB:NUVI) shares are exploding in both price and volume this afternoon as the company announced a product distribution agreement on Amazon.com. The product, which is a high-tech Android set-top-box that enables older TVs to quickly become smart TVs is launching on Amazon.com, opening up a new, expansive sales channel for the company.
“Establishing a new channel for Emo Capital Corp allows us to reinvent our online environment and create a more user-friendly, reliable experience through the Amazon.com brand,” said Juanming Fang, President, Emo Capital Corp. (OTCBB:NUVI) “We have a rejuvenated marketing spirit and aim to take our Google Android streaming box to market in an impactful way.”
Shares have spiked as high as $0.025 before giving back some of their gains, and as of their latest SEC filing there are approximately 35.5 million shares outstanding. Out of these shares, only around 14 million are currently in the float. Shareholders should know that the company is authorized to issue as many as 125 million shares as of Nov. 30th, so dilution is a possibility. The stock is currently trading higher by 160.15% or $0.0123 following the positive news, hitting $0.02 per share at the time of us publishing this article. About 18.66 million shares traded hands or up 6756.54% from the average. NUVI has risen 57.14% since May 6, 2015 and is currently uptrending. It has outperformed the S&P500 by 60.82%.
Emo Capital Corp. is a development-stage company. The company has a market cap of $709,990. The Firm operates through its wholly owned subsidiary, Nu Vitality Labs. It currently has negative earnings. The Firm focuses on health and beauty care.