http://www.cfoworld.com.au/news/532204/mooter-media-says-stock-surge-due-to-hot-shot/
"Investor speculation Mooter Medias (ASX:MMZ) proposed acquisition of Hot Shot Media is causing of the formers surging stock price, the company stipulated to the ASX.
Shares in the internet advertising company have grown from $0.021 last Monday to $0.032 today a 14.2% increase.
As a result, the ASX sent a routine query to Mooter Media asking if it was aware of, but had not disclosed, any information that might have caused the lift.
But Mooter Media said it had already disclosed that it was negotiating to "acquire" social gaming company Hot Shot Media, a development investors have responded favourably to considering the fact that social networking is a hot commodity at present.
No further information can presently be disclosed, as negotiations are still underway, Mooter Media added."
Just wonder if some1 can clarify whether Mooter is really going to acquire HOT SHOT or there is just a mistake in the article.
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