FAVORED INC COM STK USD0.001 (OTCMKTS:FVRD) Is A Penny Stock Runner

Today we are going to talk about a new business profile that has recently captured the attention of the market, FAVORED INC COM STK USD0.001 (OTCMKTS:FVRD). After a period of reduced communications FVRD recently announced that from now on the company will release more information to the market. Company LogoThe market appretiated the announcement as more communication efforts will generate brand awareness. It will help retain the attention of more market participants. Thus, more stock demand could appear.As a result the share price increased from $0.0017 to hit the share price level of $0.019. Furthermore, the increase in the share price was accompaigned by an increase in the amount of volume. This showed the market interest in the stock. Some days more than 40 million shares changed hands.Have a look at the following stock chart, and form your own opinion: 1 month chart for FVRDBusinessFavored, Inc. is a holding company seeking to acquire, develop, and grow businesses delivering long-term cash flow and attractive returns. It has two subsidiaries: Company Logo

• Kryptos Communications, Inc.: it seeks to publish, acquire, develop, and market digital web and mobile assets across a variety of categories which include eCommerce, games, and Blockchain technologies.

Company Logo

• Empire Mobile Studios, Inc.: it is mobile application that utilizes 256 bit AES military grade encryption to provide individuals and businesses with secure communication solutions.

Favored, Inc. was founded in Nevada in 2001, but now is headquartered in Miami Beach, FloridaRecent DevelopmentsThe most significant developments that were released in 2017 are the following.On May 17, 2017 the market received a letter from an attorney who highlighted that the company "is available within the meaning of Rule 144(c)(2) under the Securities Act." This means that the public information disclosed by FVRD is in compliance with the regulatory framework.Additionally, the lawyer stated that a meeting was organized with Management where he said of the CEO: "his knowledge of finance and accounting qualifies him to prepare the Company’s unaudited financial statements."Futhermore, it was highlighted that the the company's transfer agent agent was contacted in order to verify the amount of shares outstanding.On August 21, 2017, the company released its latest quarterly earnings, wherein we could get the most recent balance sheet. The following are the most significant accounts as of June 30, 2017:

• Cash & Cash Equivalents: $1,210
• Goodwill: $30,000
• Accrued Payroll Payable: $143,750

Additionally, the following are the share statistics:

• 797,234,934 common stock issued and outstanding
• Float: 173,720,738
• 200,000 preffered stock issued and outstanding

We could read that insiders and other big stakeholders own large stakes in the company. Thus, the float is very low. This means that the stock price could show a large amount of volatility due to its low float.What made the share price jump in October?On October 24, 2017 the market received a corporate status update from FVRD. It was noted that in April 2016 the company underwent a merger and change of control at which point Craig Coaches became the sole officer and CEO of FVRD. Additionally, it was noted that the company had filed all old filings and had been able to maintain Pink Current Status. Finally, it noted that headquartered is now located in Miami Beach, FL.Futhermore, new communication efforts were noted, which we appreciate. A new Twitter channel, @FVRD, inc, had been created to connect better with shareholders and the investing public. In addition, @EmpireMobileStu and @Kryptos411 twitter accounts had been created for the company's subsidiaries. Finally, it was highlighted that the new company's website is located at EmpireMobileStudios.comConclusionCurrently trading with a market cap of $7.9 million, FVRD is an exciting story among small caps. New management seems promising. It is regaining contact with the investment community and getting current on its financials. As a result the market pushed up the share price recently. What do we expect now?We believe that the company will release news more often, thus the share price is expected to move more. New opportunities could arise, thus be ready to assess new information.We will be updating our subscribers as soon as we know more. For the latest updates on FVRD, sign up below!Image courtesy of terren in Virginia via FlickrDisclosure: We have no position in FVRD and have not been compensated for this article.