If you follow the realm of penny stocks closely, then you know every day there are dramas and intrigues being played out in press releases, government filings and through the daily gyrations of share volume and prices.
Some of the following penny stocks have taken to renaming, repositioning and/or reinventing themselves in order to revive interest in their companies, while others have remained static and for the most part silent, which in the investing world is not always golden.
Renaming and Investment in Independent Movie
Cre8tive Works, Inc. (OTCPINK: RANFD) announced on Jan. 28 that it has signed a letter of intent to invest $300,000 in an independent production Red Light Go. In exchange, the company will receive up to a 50% stake in the project with executive producer rights.
The latest news follows the Cre8tive Work’s recent announcement that it was changing its name from Rangemore Film Productions Corp. and committing itself to the following 2014 objectives:
- Maintain current Information Filer Status with OTC Markets.
- Become fully reporting by obtaining a listing on the Canadian Securities Exchange.
- Co-list common shares for trading on a European stock exchange.
- Complete a minimum of $2 million in funding.
- Appoint media advisory board.
- Strengthen management team.
- Launch new website and social media campaign.
- Close royalty financing agreements with a minimum of ten small to medium budget independent film productions.
- Close royalty financing agreement with upcoming reality television series.
- Close royalty financing agreement with a least one large budget independent film production.
- Close royalty financing agreements with a minimum of two music related projects.
- Acquire a minimum of two studio properties.
- Prospect for potential acquisition targets.
“Today we consider Cre8tive to be a new company,” CEO of Cre8tive Works, Andrew McLaughlin,” said in a written statement. “We have a new name, new logo, new stock structure, and we now can start funding and developing all the projects we have in our pipeline. This is a new start and we are going to ensure that we take full advantage.” McLaughlin added.
On Feb 7, 2014 the Miami-based company that rents space to and now invests in independent film companies’ projects closed at 6 cents a share, unchanged from its close the previous day.
Find out what could be the best investor’s move when it comes to RANFD by getting the complete report here, or by cutting and pasting the following link in your Web browser:
Jumping on the Legal-Marijuana Bandwagon
Medican Enterprises Inc. (OTCQB: MDCN) share price closed Feb 7 at $1.75 a share, unchanged cents from previous day’s close.
Interest in the penny stock intensified recently when the Las Vegas development-stage company’s Jan. 21, 2014 Form 8-K/A filing with the SEC revealed that it is making an effort to get into the medical marijuana business.
“Medican (Delta) Systems Inc. (“Medican Delta”) entered into a management services agreement (the "Management Services Agreement") with IHL Medical Marijuana Inc. ("IHL") and LFG Advisory Ltd. and LFG Advisory & Accounting Ltd. ("LFG"),” the filing stated.
The filing went on to explain that Medican and its new partner company hope to distribute its medical marijuana products in Canada. Medical Enterprise is just the latest penny-stock with high hopes of entering this potentially lucrative market.
Find out what could be the best investor’s move when it comes to MDCN by getting the complete report here, or by cutting and pasting the following link in your Web browser:
Change in business focus
Voltaire Corp. (OTCQB: VLTCW) stock price closed at 2 cents Feb 7, unchanged from the previous day’s close.
Since there has been and is a dearth of public information about the New York-based provider of mobile data services, there not much news about the company.
But according to its most recent SEC 10-K filing, the company has recently shifted its market focus from selling mobile-data services from consumers to companies.
“We increased the focus on our mobile media business and the services provided to advertisers and markets and expect that future growth will come from these activities,” the company said in its filing.
Some speculate that this shift in market focus is the reason behind the stock’s sudden surge.
Find out what could be the best investor’s move when it comes to VLTCW by getting the complete report here, or by cutting and pasting the following link in your Web browser:
No News Could Be Good news
Another penny stock that had a substantial increase in its stock value on Jan 24 was Harbor Bankshares Corp. (OTCQB: HRBK).
On Feb 7, The Baltimore, Md.-based Harbor Bankshares’ stock value closed at $4 a share, unchanged from the previous day.
The company has issued no press releases or made any recent federal filings. The reason for the sudden stock rise is currently unknown.
Find out what could be the best investor’s move when it comes to HRBK by getting the complete report here, or by cutting and pasting the following link in your Web browser:
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