MassRoots Stock Underreacts to Announcement of Ad Contracts

MSRT Contracts

On Feb. 22, 2016, MassRoots (OTCQB:MSRT), a social media platform for the cannabis industry, announced that last week, from Feb. 15 to Feb. 19, it had entered into two social media advertising contracts and that the company expects these two contracts to generate $77,000 in annual revenue.

The stock opened at $0.975 on Feb. 22 and closed down by 4.99% at $0.96, with volume slightly above 75,000. The OTC Markets are known for being irrational, meaning good news for a public company might not immediately translate into good news for that company’s Price Per Share.

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