Fonnu2 Inc. (OTCMKTS:FONU) is currently in a range. However, recently the company announced the appointment of Steven Burhoe as the head of the company’sLYSN Inc. dba Live Youth Sports Network’s sporting advisory board.
Market Reaction
On Tuesday, FONU stock ended flat at $0.0008 with more than 34.84 million shares, compared to its average volume of 120.09 million shares. The stock has moved within a range of $0.0007 – 0.0008 after opening the trade at $0.0008
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Most importantly, Steve will be responsible for an experienced team of professionals making recommendations and developing strategies to advance Lysn and youth Athletes’ goals in youth safety issues on injuries and live streaming. In addition, Burhoe is a Full Sail University Entertainment Business Masters Program course, teaching students how to write a business plan as a requirement of the Capstone Project for graduation.
Dr.Burhoe said that LYSN provides schools all over the USwith a unique fundraising method of using sporting programs without any strain on local finances, which is a concern for most school systems. In addition, the proprietary video structure and sponsor monetization approach will add more revenue to schools, enhance the visibility of local businesses and contribution to society. So in the coming weeks, FONU is worth watching.
Traders Review
FONU stock is trading below 20-Day and 50-Day Moving averages of $0.0010 and $0.0012 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0015. The stock is down 53% over the past month.
