mfs heard "AI deal" and decided to all in
THIS IS INSANE.
A used phone company with $931,000 in quarterly revenue just surged 3,661% in one day after announcing a $3 million AI deal.
A $3 million deal added $95 million to the company's market cap, 31 times the value of the deal itself.
Inno Holdings trades second hand mobile phones out of Hong Kong. It signed a $3 million contract with a Hong Kong based AI provider to build an AI-powered sales agent system for its used phone business.
The $3 million contract is worth more than Inno Holdings' entire last 6 months of revenue combined, which totaled $2.39 million.
The company lost $1.08 million last quarter.
This is the same company that did three reverse stock splits since October 2024, a cumulative 1-for-4,800 consolidation, just to stay listed on Nasdaq.
It also has a $60 million program open to issue new shares directly into the rally. Every new buyer is funding someone else's exit.
The AI bubble is not just in the trillion dollar companies.