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Saturday, June 25, 2022

Clikia Corp (OTCMKTS:CLKA) Ramps on Soaring Sales Growth Momentum

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One stock that could become increasingly interesting in an environment with unbridled monetary and fiscal stimulus and a “rich get richer” paradigm further entrenching itself with every passing day is Clikia Corp (OTCMKTS:CLKA). The company just announced an update on its current operations and its near-term plans for further expansion in its wholly owned Maison Luxe subsidiary. The company notes that, most importantly, this includes plans to expand wholesaling operations, widen margins, build and carry a strategic inventory, and capitalize on existing trends in the rare custom luxury goods marketplace.

According to the release, while the Company plans to expand into more product categories, management believes its current positioning in rare custom luxury jewelry and watches offers tremendous growth potential. Over the near term, the Company’s focus will continue to be centered on driving robust growth in these markets. One powerful tool in creating further acceleration in sales will be building and carrying a strategic inventory of high-demand pieces.

Clikia Corp (OTCMKTS:CLKA) changed hands in April, pursuant to which Mr. Anil Idnani became the controlling shareholder and sole officer and director. Following such change-in-control transaction, in May 2020, the company went on to acquire all of the assets, including the going business, of Maison Luxe, LLC, a Delaware limited liability.

Company materials state: “Our wholly owned subsidiary, Maison Luxe, Inc., a Wyoming corporation, now owns the acquired assets and operates the acquired business of Maison Luxe, LLC. Currently, this constitutes the entirety of our company’s business operations. Our company’s newly elected sole officer and director, Mr. Anil Idnani, founded the recently acquired Maison Luxe business with the vision of offering highly desired luxury retail consumer items that are responsibly sourced and affordable to the end customer. Because of the dynamics and structure with the luxury retail industry, customers who desire luxury items are unable to avail themselves of such items, due to the unreliable nature of sellers and exorbitant prices. It is this void in the marketplace that Mr. Idnani identified as a business opportunity and established Maison Luxe to provide customers with the experience of purchasing luxury items as a standard.”

This model was laid out further in a Shareholder Letter put out by the company last week. The communication notes that the company’s new management and its new subsidiary have extensive experience in the “rare custom luxury goods market”, including a wide network of customers and distributors already in place:

“We are already harnessing a robust network and extensive experiential assets that come with the bargain in this transition – including a great deal of experience centered in the rare custom luxury goods market. It is a peculiar niche business context with its own rules governing a unique microeconomic landscape.”

That may help to account for the quick jolt of 7-figure revenues already in place.

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As noted above, CLKA just announced an update on its current operations and its near-term plans for further expansion in its wholly owned Maison Luxe subsidiary. The company notes that, most importantly, this includes plans to expand wholesaling operations, widen margins, build and carry a strategic inventory, and capitalize on existing trends in the rare custom luxury goods marketplace.

The chart shows 81% added to share values of the listing over the past month of action. What’s more, the stock has witnessed a pop in interest, as transaction volume levels have recently pushed 84% beyond its prior sustained average level.

“As we have said in the past, and will continue to point out in the future, the products we sell aren’t available without the right relationships,” commented Anil Idnani, Clikia CEO and Founder of Maison Luxe. “For example, the watches we offer have risen in price year in and year out for decades because the supply is chronically extremely tight. The average retail consumer – even those with effectively unlimited resources – may have to wait months or years to gain access to the timepiece they want if pursuing the purchase through standard channels. As a result, prices for these items rise every year. But we have a very well-established network of relationships that grants a consistent market advantage both in terms of access and pricing. And that second factor can be augmented sharply by making volume purchases and carrying a strategic inventory of rare luxury goods.”

Currently trading at a market capitalization of $4.2M, CLKA is already publicly talking about being on pace for over $2M in revenues in 2020 with its new business now firing apparently on all cylinders. You can bet we will update this one again as new information comes into view. Sign-up for continuing coverage on shares of $CLKA stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in $CLKA, either long or short, and we have not been compensated for this article.

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