Talk about a case of mixed signals.
On January 6, Signal Advance SIGL shares,
closed at 60 cents per 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 lost all day, after the apparent confusion of the tickers amplified a security move traded on the ether. The rise came after Tesla Inc. TSLA,
CEO Elon Musk recommended that people “use the signal,” moving to TWTR’s Twitter signal encryption platform,
and Facebook FB,
after Sturm und Drang for politics and social media platforms following the riots on Capitol Hill last week.
Signal, the messaging platform, is not a publicly traded company, but that did not stop the unrelated Signal Advance from continuing to rise, rising 5.643% and raising its market value to $ 3.164 billion, from the mundane. $ 55 million last Wednesday.
The move was so powerful that the courier service weighed heavily on Friday:
The funny thing is that a lot has already been done about the fact that Signal Advance is not Signal in several news articles, but the shares of the former have refused to return to Earth and have had almost a 400% increase on Monday.
The Signal Advance website appeared to be down on Monday, and users who wanted to access it received the following 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, by FactSet, was not returned immediately.
Meanwhile, the Signal messaging app is billed as an open source service developed by Signal Foundation and Signal Messenger around 2014 and has seen users increase during periods of political upheaval.