AmeriChip Inc or AmeriChip International Inc?
AmeriChip Inc or AmeriChip International Inc?
On Thursday I read a fascinating article about Harry Potter style video inserts for magazines. The new video ad due to appear in America’s Entertainment Weekly next month, consists of wafer-thin screen and mini-speaker that will allow readers to watch a video when the publication is opened. The technology mirrors that of Harry Potter newspaper “The Daily Prophet” which has pictures which ‘come to life’ to tell the news.
By Friday it was all over the internet; there were mentions in the Financial Times, Bloomberg and CBS, to name but a few.
The full-motion ad is made possible by technology from a small US company called Americhip Inc based in California. On further investigation it seemed the company is privately owned so no share to buy there? But hang on – I then came across another US company called AmeriChip International Inc, which was listed on the NASDAQ but based this time in Clinton Township, MI. Could they be one and the same?
AmeriChip International (AmeriChip) is engaged in technology, which includes the use of lasers to effect a controlled breaking of the metal chip. The company is also engaged in the business of mineral exploration.
The interesting thing about this whole story is that the AmeriChip listed on the NASDAQ, whose share price has been wallowing at around $0.0003 per share for the last year, suddenly went through the roof on the same day the video ad story hit the headlines. As soon as the NASDAQ opened on Thursday the shares started to climb fast and furious; by the end of the day millons of shares had changed hands. By Friday afternoon 138.98m shares had been traded and the price was at 0.0030, quite a jump.
Was it just a coincidence or were investors frantically buying the wrong stock? Were they all thinking they were buying share in AmeriChip Inc the video ad maker when in fact they were buying AmeriChip International Inc the company whose products and services including, automobiles; oil production and refining?
All very confusing for the virgin trader
