Tiny tech stock spikes 80% on Bitcoin news
WPCS says it is developing a trading platform allowing users to trade on the currency's most popular exchanges.
Pennsylvania-based WPCS (WPCS) says it recently acquired BTXTrader, which is developing what it says is the first trading platform allowing Bitcoin users to "access market data and execute orders on the five most popular Bitcoin exchanges in a single application."
"Obviously, we are still in development mode, but we're on schedule to release both web and mobile versions of our platform by early 2014," BTX Trader Chief Operating Officer Ilya Subkhankulov said in the release.
Very little has been written about WPCS, which bills itself as a communications infrastructure firm. It IPO'd in 2003 at more than $140 and spent the next 10 years going to practically zero.
This kind of thing is common, as no-name penny stock companies frequently jump on hot trends in hopes of stoking interest.
The "tour" of the Bitcoin platform is a series of GIFs. We've reached out to the company for comment.
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Ha, a million bitcoins.....POOF,.....whaaaaattt?
arf, arf, arf.
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The solid report comes a month after the retailer closed all of its Canadian operations.
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