Some penny stocks are rags to riches stories that capture the imaginations of investors, while other penny stocks remain mysteries that are hard for investors to figure out.
Here are four that are difficult to read:
Beta Tests Don’t Cut It
Echo Automotive Inc. (OTCQB: ECAU) share volume soared, with 367,908 shares changing hands, nearly three-times in three-month average volume of 131,734 shares.
The volume surge is probably related to the bevy of press releases this Scottsdale, Ariz.-based fuel-efficiency technology company puts out. The last announcement released Feb. 25 and Feb. 26 simply talk about their technology being tested by named and unnamed companies and fleets. Press releases are a good thing when they actually provide specifics and substance.
Financials Two-Years Old
Echo’s latest financial report from Dec. 31, 2012 shows the company net income for that year was -$2.5 million.
On Feb 25, ECAU’s share price closed 25 cents, up 4 cents from its close of 21 cents the previous day.
Find out what could be the best investor’s move when it comes to ECAU by getting the complete report here, or by cutting and pasting the following link in your Web browser:
Teaser News Release Irritate Investors
Generex Biotechnology Corp. (OTCQB: GNBT) is an interesting biotech company in that it is primarily developing medications for cancer and that can be taken orally, rather than being injected.
Breast-Cancer Vaccine Trial
On Feb. 12, the Worchester, Mass.-based Bio-Tech company promised it would be releasing the results on it breast-cancer vaccine trial at this year's American Society of Clinical Oncology (ASCO) Annual Meeting to be held in Chicago from May 30 to June 3, 2014. Ok, so if the news is good, why not share it with the shareholders now? Teasing them and potential investors with promises of information to be revealed at some future date is not a going to win many hearts and minds.
Like so many bio-tech penny stocks, Generex’s success is tied to terms and technologies that baffle the layperson. But what anyone can understand is its dismal financial, which haven’t been updated since Jul. 31, 2013. At that time, the company reported a -$8.5 million net income.
On Feb 25, GNBT’s share price closed 0.0375 cents, up 0.0007 cents from its close of 0.0368 cents the previous day.
Find out what could be the best investor’s move when it comes to GNBT by getting the complete report here, or by cutting and pasting the following link in your Web browser:
Another Mystery Penny Stock
Swingplane Ventures Inc. (OTCQB: SWVI) is in the business of exploring, acquiring and developing natural resource assets.
There is absolutely no information being released about this company, its progress or strategies for the future that I could find.
The only hint of how Swingplane Ventures is doing comes from its Web site, which has a blog posting on it authored by its President and Director Carlos De La Torre. It is dated Oct. 2, 2013.
No Recent News
Here is an excerpt:
“It has been some time since I have put out any report to the stockholders as it has been a challenging time since the cessation of the Algarrobo project. I have been concentrating my efforts in bringing the filings and files into good order, and in seeking out and reviewing possible opportunities for a project to bring shareholder value to the Company.
To that end, I have been looking for a project with a smaller capital requirement that would be the first building block for other projects of a larger magnitude. These efforts have yielded positive results, and the Company has identified a project here in Mexico that is within our ability to undertake and comes with the potential for other acquisitions from the same group which would further our corporate rebuilding.
To assist in this process, the Company is pleased to announce the appointment of Dimitrios Trikeriotis as Treasurer, Chief Financial Officer and a director of the Company,” De La Torre wrote.
I’m sure such a communication will not make potential investors in this penny stock feel warm and fuzzy.
On Feb 25, SWVI’s share price closed 0.0131 cents, down 0.0015 cents from its close of 0.0146 cents the previous day.
Find out what could be the best investor’s move when it comes to SWVI by getting the complete report here, or by cutting and pasting the following link in your Web browser:
Volume of 1 Share
Golden Star Enterprises Ltd. (OTCPINK: GSPT) is another mystery penny stock that stock volume on Feb. 25 was 1 share.
The Patchogue-NY-based green technology company appears to be in a self-imposed news blackout.
The last news on the company came Jan 22 when the British Columbia Securities Commission issued a Crease Trade order for the following reasons:
1. Golden Star Enterprises Ltd. (Golden Star) is a Delaware corporation with securities quoted on the Pinksheet tier of the OTC Markets platform. Golden Star is an OTC reporting issuer under Multilateral Instrument 51-105Issuers Quoted in the U.S. Over-the-Counter Markets, and its predecessor BC Instrument 51-509, as its business has been directed or administered in or from British Columbia since September 15, 2008.
2. Golden Star has failed to file any of the records required under the Act and regulations as an OTC reporting issuer (the required records).
3. Under section 164(1) of the Act, the Executive Director orders that all persons cease trading in Golden Star’s securities until:
- 1. Golden Star files the required records completed in accordance with the Act and regulations, and
- 2. The Executive Director revokes this order.
On Feb 25, GSPT’s share price closed 0.015 cents, unchanged from its close the previous day.
Find out what could be the best investor’s move when it comes to GSPT by getting the complete report here, or by cutting and pasting the following link in your Web browser:
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