Cloudweb Inc (OTCMKTS: CLOW) has been running up the charts in recent weeks from a start point of well under $0.30 to recent highs over $3 per share. The stock has also transformed into a volume leader with dollar volume nearing $1m traded per day.
CLOW is the old pick from Godzilla promoter Elite Penny Stock Group which operated the websites Finestpennystocks.com, Smartstockchoices.com, Bestamericanstocks.com and Elitepennystock.com, and mysoaringpennystocks.com.
Cloudweb Inc (OTCMKTS: CLOW) bills itself as a technology provider to small businesses, Web design professionals and individuals, delivering cloud-based products and outcome-driven, personalized Customer Care. The Company operates domain marketplace, where its customers can find that piece of digital real estate that matches their idea.
CLOW said they provide Website building, hosting and security tools to help customers construct and protect their online presence and tackle the changing technology landscape. It also provides applications that help them connect to its customers, manage and grow their businesses and get found online. It has designed and developed a set of cloud-based technology products that enable its customers to establish a digital presence, connect with their customers and manage their business operations. The Company’s products include domain, hosting and presence, and business applications.
CLOW currently has no active corporate website and has not released a press release in years. On August 5, 2018 the Company released a 10Q which can be found here.
According to the 10Q CLOW has no assets, no revenues and $217k in current liabilities. It states that Cloudweb, Inc. is a Florida corporation incorporated on May 25, 2014 as Formigli, Inc. In December, 2015 the Company changed its name to Data Backup, Inc., and on November 4, 2016, the Company changed its name to Data Backup Solutions Inc. On October 1, 2017, the Company changed its name to Cloudweb, Inc.
On April 1, 2017, Data Backup Solutions, Inc. a Florida corporation entered into a Purchase Agreement with Yui Daing, an individual residing in Kuala Lumpur, Malaysia Data Cloud Inc., a Nevada corporation (hereinafter referred to as and Web Hosting Solutions Ltd., a United Kingdom private company limited by shares (hereinafter referred to as “WHS”). The transactions under the Purchase Agreement were completed on April 1, 2017 (hereinafter referred to as the “Closing”). Prior to the Closing, Data Backup owned 100% of the issued and outstanding equity interests of Data Cloud which owns 100% of the issued and outstanding equity interests of Web Hosting Solutions Ltd., a United Kingdom private company limited by shares (“WHS”).
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Back in the day FinestPennyStocks.com emailed subscribers stating ”I started covering CLOW approximately two weeks ago and at the time it was trading a much lower levels than today so it has already gone up nicely, however in my professional view CLOW is bound for a jump to $1 very quickly in the next few days followed by an ascent to $2+
If the thought of quadrupling your money doesn’t entice you to buy CLOW immediately then nothing ever will and you should unsubscribe from my newsletter.
Given that the general markets return on average 8% per year I’d say that what’s coming on CLOW is pretty darn amazing. The stock has already returned nearly 100% in profits in just days.
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Currently trading at a $59 million market valuation CLOW has no assets, no revenues to date and $217k in current liabilities. The Company also has no corporate website and has not put out a press release this year yet. While CLOW continues to make steady gains there is little value to back up this market valuation and CLOW could drop very fast once the upward momentum is broken. CLOW was the old pick from Elite Penny Stock Group that took EURI to $2.09 before they moved n to CLOW. We will be updating on CLOW when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with CLOW.
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Disclosure: we hold no position in CLOW either long or short and we have not been compensated for this article.