PennyStock101
Long

$MARA 20% SPIKE ON EARNINGS BEAT, MORE TO COME.

NASDAQ:MARA   MARATHON PATENT GROUP INC
MARA surprised the market today with a blow out quarter, cutting it's operating loss in half to $988,000 and posting a loss per share of $.16 cpmpared to $.64 in 2018.
Merrick Okamoto, Chief Executive Officer, stated, “We’re pleased to show significant financial improvement on a year over year basis including significant reductions in our operating costs, While recent improvements in the price of Bitcoin are clearly beneficial to our ongoing mining operations and should benefit our financial performance in our Q2, we continue to seek potential acquisition opportunities that we deem to offer the best opportunity for appreciation for our shareholders.”

We think this has a long way to run, will be on the watch-list for continuation tomorrow .

Company Description
Marathon Patent Group , Inc. is an IP licensing and commercialization company. It acquires and manages IP rights from a variety of sources, including large and small corporations, universities and other IP owners. Marathon Patent Group was founded on February 23, 2010 and is headquartered in Las Vegas, NV.
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