Sunstock, Inc.'s Silver Accumulation Plan
(firmenpresse) - SACRAMENTO, CA -- (Marketwired) -- 02/22/16 -- Sunstock, Inc. (the "Company" or "Sunstock") (OTCQB: SSOK) has concluded that stimulative monetary policies adopted by the United States, European Union, China, and Japan have set the stage that may cause inflation to rise and increase the value of precious metals. Japan, Sweden and Switzerland have announced and implemented policies to impose negative interest rates in their retail banking systems to persuade their citizens to increase consumer spending.
The spot price of silver as of February 16, 2016, was traded at $15.28 per ounce. Sunstock, Inc. believes that this precious metal is currently undervalued, and it is a strategic time to purchase more silver.
Sunstock, Inc. holds over 21,000 ounces of silver in inventory and plans to acquire an additional 80,000 ounces of silver over the next year. Sunstock, Inc. plans to acquire 20,000 ounces of silver by May 31, 2016, and continue to acquire an additional 20,000 ounces of silver every 90 days, thereafter, for a combined total purchase of 80,000 ounces of silver by February 28, 2017.
Upon completion of the planned additional acquisition of 80,000 ounces of silver, Sunstock, Inc. would hold a total inventory of over 100,000 ounces.
Sunstock, Inc. intends to finance the planned additional acquisition of 80,000 ounces of silver from equity sales of the Company's securities.
Contact:
Mike Lee
Sunstock, Inc.
(916) 849-5507
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Datum: 22.02.2016 - 14:30 Uhr
Sprache: Deutsch
News-ID 452245
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contact information:
Town:
SACRAMENTO, CA
Kategorie:
Investment Services & Trading
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