Perhaps you have had, or have, a girlfriend that stereotypically takes forever to get dressed. Perhaps a boyfriend who struggles with the same issues due to a vanity that rivals Warren Beatty’s when he hears Carly Simon singing (about him?) “You’re So Vain”. Well, it is only going to continue or get worse if either of you insist that ancient Japanese beliefs should affect apparel choices while readying yourself for your next mixed martial arts workout, performance or fight night.
Respect Your Universe (OTC: RYUN) prides itself not just on respect, but also the additional samurai tenets of strength, honor, and sustainability. The company produces premium apparel for MMA enthusiasts and athletes that are made from no less than 90% organic and recycled materials. Materials the company boasts only come from the world’s most honorable thread and fabric producers and distributors.
These materials are used in its innovative, yet elemental(?), line that includes Moisture Control Fabric (AIR Weave), Thermal Control Fabric (FIRE Weave), Weather Resistant Fabric (WIND Weave) and Eco-Friendly Fabric (TERRA Weave).
Respect Your Universe saw a gain nearly 19% after a good day of trading closed with a flurry of upward movement in the late hours to become a fantastic day. The stock opened the day at $0.65 before spending the early afternoon between $0.70 and $0.75. It was, however, after 3:00 pm that the stock began resembling the excitement that fans of MMA look for in a bout. Respect Your Universe shot up from $0.70 (3:04 pm) to $0.85 in a mere 10 minutes. The stock then weathered a counter-attack by sellers, dropping it back to $0.75 before once again fighting its way back to $0.85 in the space of a standard MMA (five minute) round. Spectators and speculators alike then watched one final attempt by sellers to drive the stock back to the canvas of $0.75 before it got up and closed the day at $0.76.
Respect Your Universe enjoyed an 18.8% gain at the end of the day with 480,000 shares traded. This represents a 10 fold increase to a standard trading day for Respect. It must also hearten Chairmen & CEO David Campisi who took over in mid-August from Kristen Andresen, who said, “We are thrilled about David Campisi becoming the new Chairman and CEO of RYU. With his extensive expertise, experience and knowledge in the retail industry, he will help further accelerate and execute the growth of RYU in the direction we are quickly moving in.”
Since his appointment, trading has not been representative of this excitement, and RYU’s stock has not moved in the aforementioned direction that one can assume was desired. Since Mr. Campisi took over, the stock has steadily declined from $0.85 t0 $0.64 where it closed yesterday.
Is this the moment that will signify a return to pre-Campisi trading and beyond? It’s too soon to tell, but certainly something to keep an eye on in the coming weeks.
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