The "M" word, better known as marijuana that's legal, is breathing new life into alternate energy and oil exploration penny stocks that were once dead in the water.
Marijuana Gold Rush
Bayport International Holdings, Inc. (OTCPINK: BAYP) stock volume skyrocketed Feb. 19, 2013, with 766,429,531 shares changing hands, 18 times its three-month average volume of 42,412,201 shares.
This gargantuan surge in volume comes as a result of the Tulsa, Okla.-based gas-and-oil exploration company’s Feb. 18 announcement that it was getting into the legal marijuana business.
Here’s an excerpt:
“Bayport Medicinal Research, Inc. was recently incorporated in Colorado with the sole intention of acquiring a business or businesses specifically in the medicinal and legalized marijuana sector. To date we have identified several businesses currently for sale which would fit into this segment of the company.
The next stage is due diligence, determining if the sales price vs earnings will substantiate this move, etc. We anticipate that we will receive this information from the sellers forthwith, as these businesses are currently for sale, and would provide an easy transition into Bayport International Holdings, Inc. and for Bayport to transition into the medicinal and legalized marijuana sector.”
All Roads Lead To Marijuana
Bayport International is just the latest company to take its focus off its core business and head for the marijuana gold mines, still to be created. Yet, when you look at the latest annual report the company released Feb. 10, you begin to understand why legal marijuana might seem more appealing than it current operation.
According to the report, Bayport International only has $1,387 cash on hand with current assets of $9,291. Its current liabilities are $165,000 with yearly revenue of $6,000 and a yearly net loss of $102,000.
On Feb. 19, BAYP shares closed at 0.0021 cents down 0.0005 cents from its closing price of 0.0026 the previous day.
Find out what could be the best investor’s move when it comes to FITX by getting the complete report here, or by cutting and pasting the following link in your Web browser:
http://www.sixfigurestockpicks.com/
Biodiesel Company Chases MarijuanaExtreme Biodiesel, Inc. (OTC: XTRM) stock also soared to new heights, with 89,740,674 shares changing hands, more than 10 times its three-month average volume of 8,045,077 shares.
There is no doubt that this extreme volume was fueled by the magic “M” word. In a Feb. 19 release, the once Biodiesel company based in Corona, Calif. announced its big plans for getting into the medical marijuana business too with its wholly owned subsidiary, XTRM Cannabis Ventures.
Grand Plans
Here’s a snippet from the release:
“[Extreme Biodiesel] would like to develop the 40 acres to house up to five 20,000 square foot warehouses for indoor cannabis (marijuana) plant growth, 20 acres for outdoor hemp cultivation for biodiesel, and an industrial center to process the marijuana/cannabis into smokeless products,” the release explains, with excitement dripping from every word.
While this might sound good to the untrained ear, it sound like hype because there are no specifics in the release explaining how little inconveniences such as financing and licensing will be accomplished. Nor is there any information on where Extreme Biodiesel stands with its, well - core products it has touted before the “M” word came into fashion.
Abysmal Financial Record
Let’s hope that if Extreme Biodiesel should someday actually get up and running in the legal-marijuana business, its numbers look a lot better than its financials ending September 2013.
At that time, Extreme Biodiesel had $2,000 in cash and about $22,000 in current assets. It registered $653,000 in current liabilities and $16,000 in revenues, with a $45,000 net loss.
On Feb. 19, XTRM shares closed at 6 cents unchanged from its closing price of the previous day.
Find out what could be the best investor’s move when it comes to XTRM by getting the complete report here, or by cutting and pasting the following link in your Web browser:
http://www.sixfigurestockpicks.com/
Expanding Its Presence in Canada
Hawaiian beverage company KonaRed Corp. (OTCQB: KRED) announced on Feb. 14 it is expanding its presence in Canada, as its 16oz. KonaRed Original is beginning to make its way onto the shelves in more than 80 Save-On-Foods stores.
Save-On-Foods is part of the Overwaitea Food Group (OFG), Canada's largest Western grocery chain and operates more than 120 stores under the Save-On-Foods, Overwaitea Foods, Urban Fare, Cooper's Foods, and PriceSmart Foods brands.
Solid, Tangible Product
This latest marketing move seems to show that KonaRed’s health beverages are gaining popularity and traction. However, it’s not a lock yet, so be careful and do your due diligence.
Its latest financials released in September of 2013 don’t paint a great picture, but they are not totally bleak either.
KonaRed had $119,000 in cash at hand with $629,000 in current assets compared to $1.2 million in liabilities. It generated $738,000 in revenues and chalked up a net loss of $266,000.
On Feb. 19, KRED shares closed at 72 cents up 2 cents from its closing price of 70 cents the previous day, volume of 607,086.
Find out what could be the best investor’s move when it comes to KRED by getting the complete report here, or by cutting and pasting the following link in your Web browser:
http://www.sixfigurestockpicks.com/
Sixfigurestockpicks.com issues momentum alerts on stocks that can provide gains to day traders.
Sixfigurestockpicks.com provides members with timely information and exclusive alerts on cheap and under-valued stocks in the United States with the potential to deliver gains of 100% - 200% or more.
Sixfigurestockpicks.com monitors and scans the markets for stock related signals as well as any external factors that might bring trading opportunities. Through a vast network of IR professionals DailyStockMotion.com is often in the know of several large investor awareness campaigns being deployed.
Timing is everything when trading Penny Stocks. Gain an Edge by joining the Sixfigurestockpicks.com newsletter and receiving alerts from a Pro-Active team of researchers. Trading Alerts believes traders should have a chance at successfully trading penny stocks and invites traders and investors to be part of the Free VIP membership.
Simply sign up for free and start receiving exclusive alerts.
Subscribe Here: http://www.sixfigurestockpicks.com/
Disclosure
Sixfigurestockpicks.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always own due diligence with any potential investment.