Saddle Ranch Media Inc. (OTCMKTS:SRMX) Stock Soars After Key News

Saddle Ranch Media Inc. (OTCMKTS:SRMX) was up 60% after appointing Jerome Riordan as the Vice President of Business Development and Sales of Tri Cascade Inc. Max Li said, that the company’s CEO is delighted to welcome Jerome to the Tri Cascade team.

Market Reaction

On Friday, SRMX stock soared 60% to $0.0008 with 96.39 million shares, compared to its average volume of 26.90 million shares. The stock moved within a range of $0.0004 – 0.0008 after opening trade at $0.0004.

Appointment of Jerome Riordan as VP Business Development and Sales

Jerome brings a plethora of telecommunications IoT tech and sales expertise, having previously worked for Sprint/T-Mobile as a Sr IoT Business Development Executive for the last two years, where he worked with IoT firms, built connections, and drove $32M in sales. Before that, he worked for NTT/Dimension Information as Client Manager, Public Sector; GTT as Strategic Account Director; and Level 3 Communications and Sprint Enterprise in different senior marketing and strategy management jobs, totalling 22 years of work and industry experience.

Li said that he is certain that Jerome’s hiring, which coincides with their great product development and market certification accomplishments, will rocket the company into the IoT sector, with significant sales of both the revolutionary¬† IoT gadgets and recurrent unlimited data resale income. So SRMX is worth watching.

Traders Review

SRMX stock is trading below the 20-Day and 50-Day Moving averages of $0.0006 and $0.0006 respectively. However, the stock is trading above the 200-Day moving average of $0.0011.

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