Talk about a case of mixed signals.
On 6 January, the Signal Advance SIGL shares,
closed at 60 cents a share, a solid gain for the Rosharon, Texas biotechnology company, formerly known as the Biodyne Development Company.
A day later, on Thursday, the company’s shares rose 527% to $ 3.76 – and then all broke down after apparent confusion amplified a security move traded on the air. The growth came after Tesla Inc. TSLA,
CEO Elon Musk recommended that people “use the signal” by switching to the TWTR encrypted message platform Signal TWTR,
and Facebook FB,
after Sturm und Drang on social policies and platforms after the Capitol Hill riots last week.
Signal, the messaging platform, is not a listed company, but that has not stopped Signal Advance, unrelated to it, from continuing its growth, growing by 5.643% and pushing its market value to 3.164 billion dollars, from a world $ 55 million worldwide, as of Wednesday.
The move was so strong that the courier service weighed in on Friday:
Curiously, many things have already been done about the fact that Signal Advance is not Signal in a series of news articles, but the actions of the former refused to return to Earth and enjoyed an increase of almost 400 % months.
The Signal Advance website does not seem to be working on Monday, those who want access to it receive this message: “The website cannot temporarily respond to your request because it has exceeded the resource limit. Please try again later.”
A call to the company, which was founded by Chris M. Hymel in 1992 on FactSet, was not immediately returned.
Meanwhile, the messaging app Signal is billed as an open-source service developed by Signal Foundation and Signal Messenger around 2014 and has seen the user grow during periods of political turmoil.