MK Automotive Inc (OTCMKTS:CLKA) Is Now Clikia Corp.

The share price of MK Automotive Inc (OTCMKTS:CLKA) moved quite a bit in July. At the beginning of the month, shares were worth a little more than $0.01, but at some point, the price hit the $0.03 mark. Why? The company seems to be doing very well after its name and ticker were changed. We will provide you all the details in this piece, but first have a look at the most recent share price action. SourceBusinessCLKA is a Texas based company that was founded in 2002. After its constant evolution of business models, now Clikia is focusing on providing online live streaming of the premium quality television. Clikia offers live streaming channels on the mobile, and other platforms. It provides live contents with the help of internet connection (over-the-top or OTT). In addition to that, Clikia also offers Video on Demand services, and Commercial Free Radio Service. It offers the streaming services on Android and iOS mobile phones. It also provides its services in collaboration with Amazon. Recent DevelopmentsOn Jul 19, 2017, David Loflin, the CEO of Clikia Corp., formerly known as MK Automotive, Inc., stated the following as one of the positive aspects of its recent name change (name change from MK Automotive, Inc. to Clikia Corp):

"Now that our corporate name matches the name of our subscription streaming service, a significant impediment to our operational efficiency has been removed" Source

David Loflin also stated, “the operational efficiencies resulting from the name change only enhance the efficiencies we are already enjoying.” The management of Clikia corp. believes the recent financing arrangement of the company will put it in an increasingly better position to gain market share and increase its revenues. After the name change from MK Automotive, Inc. to Clikia Corp., the trading symbol of the firm has also been changed from MKAU to CLKA.On Jul 25, 2017, after a week from the name change, Clikia corp. announced that it is experiencing a rapid growth regarding subscriptions. The press release also mentioned that management is pleased with the positive momentum. David Loflin quoted:

"By having our corporate name and our subscription streaming service name match, we have experienced a jump in subscriber and accompanying revenue growth." Source

The firm also announced that it is working on a ‘no footprint’ streaming premium channel packages. It also mentioned that flexibility in watching the premium cable channels and shows is one of its biggest selling points. On July 26, 2017, Clikia Corp. provided an online business brief about its business and the future business plans. David Loflin said that the company believes that its platform will be the next Netflix of online TV. Currently, it has over 100 channels and is planning to add 42 more channels before the end of August. The new channel list also includes some of the finest premium channels, such as ESPN. The business model of Clikia corp. focuses on multiple platforms, such as mobile, Computer, and TV. The company’s customer base can enjoy the premium cable channels at a reasonable price. Also, the customers can just watch the cable shows without a subscription thanks to company’s Video on Demand services.Small Float - A lot of volatility can be expectedOne of the reasons to explain the share price volatility and the recent spike is the low float of the company. Only 26.9% of the total amount of shares outstanding is owned by the public. Have a look at the following information obtained from OTC Markets.

• Outstanding Shares: 273,814,672
• Float: 73,656,146
• Par Value: $0.001

Who owns the rest of the shares? We could read in the documents reported by CLKA that two people in the management of the company own 36.29% of the total outstanding shares. Additionally, 36.81% of the total outstanding shares is owned by other companies. It seems that some people bought shares when the reverse merger was executed and are not willing to sell to any other market participants. Here, the interests of shareholders and management is aligned. ConclusionCLKA is a stock that we need to follow closely. Why? Because the company is putting out good news regarding its subscription growth rate and the launch of new products, such as the ‘no footprint’ streaming premium channel packages. The market is reacting each time such news is put out. Additionally, the fact that the float is quite small means that the share price volatility will be large. Finally, the fact that the management owns a big stake is a real positive. It's in their best interest to see a higher stock price. To sum up, be ready to assess the news rapidly.We will be updating our subscribers as soon as we know more. For the latest updates on CLKA, sign up below!Image courtesy of Verizon Photos via FlickrDisclosure: We have no position in CLKA and have not been compensated for this article.