Beverage company Dewmar International BMC Inc. (OTCQB: DEWM) announced Feb. 20 that it has purchased U.S. Hemp Corp. for an undisclosed sum.
The Clinton, Miss-based company plans to use its new wholly-own subsidiary to produce and market hemp-and-cannabis-related beverages and other products.
“With U.S. Hemp Corporation in place, as an official Nevada corporation, we can better align our business processes and resources to support the pipeline of cannabidiol related products and services we have slated for introduction to the marketplace while allowing Lean Slow Motion Potion, (TM) the company's flagship brand, to continue its expansion into additional big-box retailers,” Dewar International’s CEO Dr. Marco Moran said, in a written statement.
Announcement Could Fuel Its Volume and Share Price
Even though the press release does not elaborate much on the terms of the deal or the development of its new products, the fact that it is coming from a beverage company with tangible products already in distribution and will now be able to create some new hemp and legal cannabis-related products is positive news for Dewmar International. Its stock volume and share price could benefit mightily in today’s trading from the announcement.
DEWM’s share price closed at 3 cents, unchanged from its closing price of the previous day.
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$1 Million Private Placement Helps
Cyber Kiosk Solutions, Inc. (OTC Pink: CYBK) stock volume skyrocketed Feb. 19, 2014, with 3,484,149 shares changing hands, nearly four times its three-month average volume of 927,176 shares.
This spike in volume comes on the heels of the positive news of Cyber Kiosk getting a $1- million-dollar cash infusion from a private placement as announced by the company Feb. 11 announcement:
“Cyber Kiosk Solutions, Inc. (OTC Pink: CYBK) has completed a private placement Izzy Zalcberg, a well-known Small Cap investor with a large rolodex of connections in the upper echelon of the corporate world. The company has already received the first round of investment from Izzy who took time from his vacation overseas to complete the transaction. The total investment commitment from Mr. Zalcberg to CYBK is just over $1 million. Izzy has verbally committed additional funds if the company has the need,” the release stated.
This is a nice shot in the arm for the Coral Springs-Fla.-based software company that has developed age/ID verification and fraud prevention software provides for the legalized marijuana industry
It couldn’t come at a better time. Cyber Kiosk’s latest quarter report covering the period of July to September 2013 showed the company had a total of equity of about -$217,000 with net income of about -$12,000.
CYBK’s share price closed at 28 cents, down 5 cents from its closing price of 33 cents the previous day.
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AvWorks Aviation Corp. (OTCQB: SPLI) stock volume also soared Feb. 19, with 17,763,076 shares changing hands, nearly three times its three-month average of 6,488,914 shares.
There really hasn’t been any news on this onetime aviation parts broker since it merged with an e-cigarette maker on Jan. 21, 2014. So, it is possible that its soaring volume could be a residue from the merger.
Here’s a snippet from that release:
“[AvWorks Aviation] has entered into an agreement of merger and plan of reorganization with the Vapor Group, Inc., a Florida corporation under which the company will issue 750,000,000 shares of its common stock for 100% of the issued and outstanding shares of Vapor Group from the Vapor Group Shareholders. Vapor Group, founded in mid-2012, is one of the leading companies in the E-Cigarette Industry and has a reputation for its product innovations. Vapor Group had 2013 revenues in excess of seven figures. The Merger will become effective as soon as practical.
Under the terms of the Merger Agreement, AvWorks Aviation Corp. will immediately change its name and address to that of the Vapor Group, Inc., and the existing Board of Directors of the Vapor Group, Inc. will replace the sole officer and director of the Company who will resign at closing.”
SPLI’s share price closed at 7 cents, up 3 cents from its closing price of 4 cents the previous day.
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High Volume Still a Puzzle
Another extremely active penny stock on Feb 19 was TagLikeMe Corp. (OTCQB: TAGG), with a volume of 449,078,464 shares, more than five times is three-month average volume of 86,705,933.
Why this UK-based developmental stage company‘s volume has been soaring lately is anybody’s guess, because there has been no news about the TagLikeMe for nearly a year.
The information we do have available on TagLikeMe is its latest quarterly report filed with the SEC on Sept. 30, 2013.
According to the report, the company has produced no income has assets of 363,455 and liabilities of -$4,626,488. Since the company’s exploration stage, it has burned through nearly $20 million.
On Feb 19, TAGG’s share price closed at 0.0005 cents, unchanged from its closing price of the previous day.
Find out what could be the best investor's move when it comes to TAGG by getting the complete report here, or by cutting and pasting the following link in your Web browser:
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