HeadsUp Entertainment International (OTCMKTS:HDUP) Stock Takes a Hit: Here is Why

The news of a new collaboration can often come as a boost for a company and it remains to be seen if that happens with HeadsUp Entertainment International Inc (OTCMKTS:HDUP) or not.

Trading Data

On Wednesday, HDUP stock lost 28.50% to $0.0286 with more than 3.83 million shares, compared to volume of 923.18K shares. The stock moved within a range of $0.0283 – 0.0370 after opening trade at $0.0325.

Game Changing Initiative Breathes New Life into Amateur Sports: Citizens Sports Foundation and HeadsUp Entertainment International Inc. Join Forces

On Wednesday it emerged that the company had gone into a path breaking collaboration with Citizens Sports Foundation for the purpose of bringing about innovative changes in the amateur sports scene. The collaboration will work on the launch of a ‘Donate to Win’ model. The objective of such an initiative would be to change the way in which people perceive sports participation so that it is not only more accessible but also more financially viable.

Citizen Sports is a charity which is based out of Colorado and would launch the innovative online platform in collaboration with HeadsUp Entertainment International. The platform is also meant to provide much needed support to sporting organizations.

The platform would venture into a range of games which are going to be designed for fund raising specifically meant for different sports initiatives. The Chief Business Development Officer of HeadsUp Entertainment International noted that the company was capable of designing such fund raising games for specific purposes.

Pete Matthews

Pete attended the University of Colorado and still calls the centennial state home. He chases trout in the summer and snowboards in the winter. He is fascinated with the markets and has a strong interest in nanocap stocks and crypto currency.