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Plandai Biotechnology Inc (OTCMKTS:PLPL) Tone It Down A Little

By hot-stocked on May 23, 2013 in

6PLPL.pngIt’s been over a week since we last wrote about Plandai Biotechnology Inc (OTCMKTS:PLPL). Today we received the next batch of emails from SmallCapAllStars and Why Penny St0cks and we decided to see how they have been getting on while we were dealing some of their comrades in Pennyland.

Well, one thing definitely hasn’t changed – the awareness campaign. There are still press releases every now and then coming out of Stock House Group and Goldman Small Cap Research and they sound just as exciting as they did about a week ago. As we mentioned in our previous articles, these entities were paid to post their optimistic opinions and while their reports do appear on the PLPL‘s profile on Yahoo Finance, they don’t contain any actual news around the company.

The news came from PLPL themselves when they announced that they have conducted some testing and they found that their Phytofare extracts will be able to cure malaria some day. Of course, the PR is furnished with the appropriate amount of Latin words, statistics and forward-looking optimism.

In the interest if fairness, we should point out that it’s not been all PR effort for PLPL. They also managed to put together and file their latest quarterly report for the period that ended on March 31 and needless to say, we were eager to open it and see what we’ve got. Here’s how things stand:

  • cash: $574 thousand
  • current assets: $593 thousand
  • current liabilities: $680 thousand
  • quarterly revenue: $65 thousand
  • quarterly net loss: $1 million

Sure enough, a comparison with the previous report is inevitable and when made, you will see that between December 31, 2012 and March 31, 2013 they managed to:

  • spend more than half of their money
  • increase their current and long-term liabilities
  • halve the revenues
  • double the net loss

“Things are not looking good”, you’re probably thinking and indeed, the report looks worse than the one before it, but (and we know that we rarely get to say that) PLPL‘s financial situation is not the most important thing at the moment.

13PLPL_logo.pngAs you probably know, they are putting their money on their revolutionary technology for the production of botanical extracts. They say that they plan to get the revenues going by selling those extracts, but the reality is that before they can do that, they will first need to build a full-size manufacturing facility.

The slowly diminishing revenues that you see in the financial statements are actually coming from the sales of timber and agricultural products produced in their South African plantations, and having in mind that things don’t seem to be looking that good, the success of the extracts could prove to be crucial for the survival of the company.

The latest report as well as the one for the last quarter of 2012 quote Fall 2013 as the deadline for completion of the manufacturing facility and until the sales start, we can’t really be sure how successful an investment PLPL could turn out to be. That is a fact that the pumpers fail to mention, but we reckon that it’s quite important to have it in mind before jumping in on optimism alone.

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Technologies Scan Corp. (OTCBB:TENP) – A New Player in The Game of Pumps

By hot-stocked on May 23, 2013 in

TENPchart.pngTechnologies Scan Corp. (OTCBB:TENP) are a company that started with the idea of selling a touch screen product with extensive database about natural products to pharmacies. When that plan didn’t work out they sign a letter of intent with iSpeedzone, is a social network driven by arts, sports and recreational activities. In order to finalize this reverse merger the company had to issue 50 million of its common shares. But in the end on April 12 they decided to back out of the deal.

Now they are trying to spread the news about another letter of intent with Social Geek Media for the exclusive sales, marketing and commercialization of the weight loss product – Proteina21. This time TENP have to pay with 200 million common shares in addition to a financing of $100,000. We were a bit skeptical whether the company had such funds and that’s why we opened their latest financial report. It is a 10-Q for the period ending December 31 and in it they disclosed having:
  • $3536 cash
  • $54 thousand total current assets
  • $253 thousand total current liabilities
  • no revenue
  • $21 thousand net loss
Exactly as we thought the situation is quite negative and it is quite unlikely that they have improved dramatically since the start of this year. Not only will they need to find the required sum but also the issuance of such a vast amount of shares will put them at 360 million shares out of 400 million authorized. And just to mention that we were unable to find the official site of the company if it even exists.
1SOLX.pngAnd the worse is still to come. The company just yesterday started trading actively and it immediately was targeted by a paid pump. Global Marketing Media, LLC through all of its affiliates – TheStockScout, PennyStockPlayers, PennyStockPros, PennyStockCircle and 123StockAlerts, received $35 thousand as compensation for a two-day promotional campaign for TENP. Despite all the praises and promises the ticker crashed hard losing more than 57% of its value on the same day. Another StockScout pick crashed spectacularly was Solar America Corporation (OTCBB:SOLX).
TENP have all the red flags you could expect form a penny company. They have negligable amounts of cash, no revenues and pump job going on. Investing in them should be reconsidered unless you are prepared for the possible losses.
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The Results From The Pump of Compliance Systems Corp (OTCMKTS:COPI)

By hot-stocked on May 23, 2013 in

19LOGO.pngThe last two days that Compliance Systems Corp (OTCMKTS:COPI) was pumped were April 20 and April 22. In those days we saw a classic case of dumping with over 1.5 million shares traded for COPI who have an avarage trade volume of 184 thousand.

COPI_chart1.pngIn those days insiders made a reasonable amount of money with both trade sessions having a total of around $400 thousand in trade value when an avarage day of trading for COPI goes with $5-$20 thousand in trades.

We sure hope that those insiders are thinking for the future of the company and that at least a part of this profit will be for the company itself. The last press release that COPI made was yesterday and contained some good news for investors.

It is regarding the approval they received from Apple for the application that they made for the SeanieMac.com betting platform. They said that it was going to be launched immediately for iPhones and iPads and thats what happened. If you look in Apple’s app store you can already see that it has been released and is available for free download.

That’s the good news. The bad news come when you see that later in the day that we last covered them (April 20) they released their financial statement for the quarterly period ended March 31 and it still doesn’t look good. They had no revenue until then, but lets check out all the numbers of prime interest which are listed below

cash: $4.3 thousand
total assets: $105 thousand
current liabilities: $1.5 million
revenue: $0
net loss: $142 thousand

Furthermore when you take into account that they only have 41 million shares outstanding out of 2 billion authorized you start to think about things like the amount of stock that they are going to issue for acquisitions, debt to creditors, and as compensation of its officers and the dilution that it may cause for the stock if the company doesn’t get better financially.

The report also contains information about the issuance of 10 million shares by court order to some of its creditors in exchange for a $500 thousand debt that was owed to to them. Well, guess what. Those creditors would most certainly want money instead of the stock of a company that is yet to prove itself as being profitable and at the current price of $0.110 the total selling price of those 10 million shares would be over a million which is double the debt that COPI owed to them.

However, as we see the company’s peak volume is about 1.5 million traded shares so those shares might be sold in days that the stock is pumped. It may even be the case that the dumping is not done by insiders but by the above mentioned creditors and that they are the ones paying the pumpers.

Being in the current situation (the company has yet to prove having a profitable business) we would advise investors to do their due diligence and weigh out the risks before deciding to invest in COPI.

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Nano Viricides, Inc. (OTCMKTS:NNVC) Boosted by Ongoing Promotion

By hot-stocked on May 23, 2013 in

The good times may be rolling for Nano Viricides, Inc. (OTCMKTS:NNVC), at least that’s what paid promoters are saying in their latest publicity attempt from Wednesday. The ticker reached 68 cents after growing by 13% mid-week. NNVC0523.png

Our database shows NNVC saw nine promotional emails in May, with no compensation. The ticker has been mostly drifting sideways, moving in a relatively tight range between 55 and 75 cents. The volumes from Wednesday were the highest in the past three months, boosted by another message reaching inboxes on May 21st. APPA0523.png

Outside the promotion, NNVC seems like a rather solid company, with reserves exceeding those of the typical penny stock company:

  • $15 million cash
  • $16.9 million total current assets
  • $4 million total current liabilities
  • $3.6 million net loss

On the negative side, NNVC is digging itself in debt and losses, but not at a great rate. Still, any business successes or failures would certainly lag behind the stock’s moves, especially after the effect of a promotion. The latest pumper was Micro Stock Profit, a pumper with a long history of past promotions, with compensations ranging from $13,500 to over 53,000.

Another boost to the NNVC stock is the idea of nano-technologies, which seems to be a novel way to rename any technology for extra impact. But anything can be a nano-technology, given that most chemical molecules are on the nano-scale, and a name changes very little in the fact that NNVC is a pharmaceutical company fighting to create and market a drug.

But NNVC is very far from any drug release, given that it is not even in a procedure to test and approve a drug, unlike other penny stocks. But this may be a positive side, given that companies awaiting approval gain fast, bu also drop like a rock upon a negative opinion from the FDA.

This was the case of AP Pharma, Inc. (OTCBB:APPA), which dropped significantly on an FDA negative opinion. While NNVC is protected, the stock may still correct significantly when the promotion ends, so it is best to stay away unless you are prepared to face the losses.

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Stubborn Pumpers Try Again With MineralRite Corp (OTCMKTS:RITE)

By hot-stocked on May 23, 2013 in

1RITE.pngThe last time we wrote about MineralRite Corp (OTCMKTS:RITE), it was April 29 and to save you the bother of looking at charts and historical prices and punching the calculators, we’ll now do a quick recap for you.

The whole thing actually started a few days before our review, on April 25. A number of newsletters sent us quite a lot of alerts in exchange for some pretty decent compensations. While the pumpers were excited though, the investors weren’t that impressed and while there was some movement up and down, it wasn’t really all that spectacular. Until April 29, that is. The volume was 20 times higher than the average but the price… that was 22% lower by the end of the day. April 30 was even more painful with 44% of the value wiped out and by Friday, May 3, RITE had lost around 65% on the whole.

This, we’re sure, made quite a lot of investors pretty angry, but we can’t say that we’re surprised. We covered the promotional campaign for them in January and we saw what happened back then. Apart from the usual optimism of the press releases nothing seemed to have moved around RITE, so an outcome like this was pretty much inevitable.

0SFEG.pngNow, less than a month later, some of the more unyielding promoters are once again trying to convince traders that RITE is indeed a great investment opportunity. The perpetrators in question are JetLife, Lions of Wall Street, Penny Stock General and Penny Dreamers and when you look through their track records, you will see that they can’t be classified as the most trustworthy source of information on penny stocks. For example, Lions of Wall Street who, by the way, took part in the January pump on RITE also gave it a shot at promoting Santa Fe Gold Corporation (OTCBB:SFEG). The pump took place in January as well and the chart on the right shows pretty clearly happened.

With today’s touting on RITE, though, they got a helping hand by, you guessed it, a new press release. It went online yesterday and it states that RITE‘s separation facility in Utah was visited by none other than the cameras of Discover Channel. Apparently, the television giant got interested in RITE‘s revolutionary process of extracting minerals from ore and they decided to spend 6 hours of their time filming the whole proceedings. The footage will be broadcasted nationally and although the announcement doesn’t state when we will be able to see it, we’re sure that Discovery’s interest increases the chances of investors paying more attention to the ticker. What does that mean for the stock, though?

Well, nothing in particular. Indeed, the fact that people will be able to see the separation technology on their TV screens will be a good enough evidence that RITE are indeed working hard. The fact that somebody, somewhere around Discovery’s massive research teams got interested in the company as small as RITE is also a testament to their operations.

Let’s focus on the ticker and its performance, though. Indeed, the raised awareness will help RITE retain some of the trust among its shareholders, but you should remember that there’s a pumping campaign going on and we’re struggling to see what will stop the January and April crashes from repeating themselves. We’ve seen quite a lot of companies that, at first glance, seem to be solid ventures with real operations fall victims to the paid promotions, but with RITE the case is even more disturbing.

Here we have a ticker that has been there before. The previous campaigns ended in disaster and we don’t even have any up-to-date information about how profitable (or not) the company is. They said on May 15 that the long-awaited 10-Q for the period before March 31 will be ready within five days, but they failed to meet the deadline. This means that although they have so far reported according to the accepted standards, they are currently on the Pink Limited Information tier. It also means that until they manage to put the statement together, all the investors have to work with is the constant PR and mailing activity. And we’ve already seen that with RITE, this could lead to some painful results.

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Alternative Energy Partners, Inc. (OTCBB:AEGY) Boosted by Medical Cannabis PR

By hot-stocked on May 23, 2013 in

Alternative Energy Partners, Inc. (OTCBB:AEGY) are having a wild week, gathering all eyes as a double-zero penny stock, despite the lack of a new promotion. The company presents a long-term slide from heights of $15 on the 2011 promotions to its current levels. On Wednesday, AEGY added 116% to $0.0039. The volumes from the past several days are a series of all-time records, both in buying and in selling on the next day. AEGY0523.png

One of the reasons behind the renewed interest in AEGY is the announcement of entering the medical marijuana industry, a more realistic venture than the development of viable alternative energy sources somewhere in the future. A special boost came from the recent partnership with SK3 Group, Inc. (OTCMKTS:SKTO), one of the smaller contenders in the medical marijuana industry. AEGY will provide an online platform for trading medical marijuana, which will be used by existing and new SKTO clients. SKTO0523.png

AEGY is diverse, and to achieve success in the hot new cannabis trend, can rely on the following financials:

  • $495 cash
  • $592,162 current liabilities
  • $391 revenues
  • $451,814 quarterly net loss
  • $7.7 million net loss to date

It seems the company was a bit too ambitious, still digging itself in losses. Time will tell if the medical cannabis will contribute positively, but time is a relative value when it comes to sub-penny stocks, which may double in a day, or wipe out most of the gains.

With volumes so high, AEGY is ripe to be picked up by promoters again, as it still has the potential for dramatic daily moves. In the past, there was a very short promotional campaign for this ticker, with only four emails and a budget of $3,000. A small-scale pump two years later is a high probability.

AEGY is currently priced modestly just under $1 million, with a bit under 250 million shares outstanding. The company recently acquired several mobile platform technologies to facilitate medical marijuana buying over a smartphone, and paid in cash and common stocks, which may mean significant insider holdings that could benefit from a pump and end up in selling.

But even without this, AEGY is susceptible to the effects of investors’ sentiment. It is best to keep away from this ticker, unless you can afford to lose your investment in part or in whole.

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Lot 78, Inc. (OTCMKTS:LOTE) Above $18, Buying Slows Down

By hot-stocked on May 23, 2013 in

Lot 78, Inc. (OTCMKTS:LOTE) is taking stock as it stands at a dizzying height of $18.35 after a steady climb in the past week. The company is worried about unauthorized offerings and short-selling that might depress the price. As a remedy, LOTE is considering a 4-for-1 share split. The last paid promotion for LOTE was on May 22nd, and the stock responded by jumping more than a dollar. LOTE0523.png

But it seems the concerns actually help the ticker, especially when they are presented as widely-spread press releases. LOTE is not ashamed to remind investors of itself with regular news, thus boosting the trend, and it may well fulfill its prophecy of rising to $20. PLPL0523.png

Still, buying is weakening as the price moves higher, and the jitters caused selling on a few separate days, when some investors decided to lock profits. Still others hang on, and enjoy the boost from the latest press release, when LOTE announced changes to its bylaws and year end dates. The date is moved to September 30th, from July 31st, giving some extra time to LOTE perhaps to rally supporters.

Also, the latest quarterly report gives a clearer picture of the company’s name change effect and the contribution of the fashion collection company:

  • $140 cash
  • $87,220 total current assets
  • $1.3 million total current liabilities
  • $150,759 revenues
  • $83,399 net loss

As we have said before, the product line of LOTE is a bit overpriced and sales do not seem promising, despite the hype that the brand is offered on several designer online stores and in physical retail chains. The results are not a big improvement over the filings of the former vehicle company.

May 15th was the cut-off date for the split, as every share of the company will equal four post-split shares. The split still awaits approval. In addition, LOTE will increase the number of authorized shares from 75 million to 350 million.

The latest pumper for LOTE was Wall Street Buzz, advertising the steep climb where $8 was thought impossible, but a price of $19 was easily reached. The upcoming weekend may be a cause of selling, but also the reminder from the pumpers that it might be time for some profit-taking. The latest email is for unknown compensation, probably free, as Wall Street Buzz tries to add to its success record.

Wall Street Buzz added to the hype for another penny stock, Plandai Biotechnology, Inc. (OTCMKTS:PLPL). It’s still unknown if PLPL can stay around 50 cents after exploding from single-cent prices, but promotions certainly help. While LOTE may hold more potential to add to its price based on inertia and hype, the sentiment may soon turn, so stay away unless you can afford to lose a large part of your investment.

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Petrotech Oil & Gas Inc (OTCMKTS:PTOG) Relying on Pumps

By hot-stocked on May 23, 2013 in

49LOGO.pngYesterday the stock of Petrotech Oil & Gas Inc (OTCMKTS:PTOG) started good at $0.18, but then went down. The fall, however, didn’t make that much of a difference as the stock managed to stop its price exactly at $0.15 which was the price they closed at the previous day.

PTOG_chart.pngYesterday a lot of paid newsletters were touting PTOG. The pump campaign, however started after market close and we expect it’s effects to show in today’s trade session. A total of around 10 emails were sent touting PTOG‘s stock after there were over $60 thousand distributed between them for the promotion.

And the story repeats itself. By that we mean that PTOG are paying for their own promotions again. Four of the promoters, namely StockBomb, StockLockandLoad, Stock Rock and Roll and ResearchOTC were given a total of $25 thousand to distribute the exact same message. We all know that ResearchOTC is as fake a name as it can get because, because the promoters are not investment advisors, but rather advertisement companies that do absolutely no research and say what they are told to.

Another of the paid promoters MomentumOTC was compensated $5 thousand for touting PTOG and PennyStockLocks were given $15 thousand to distribute the same message as Momentum. It all seems really bad as PTOG didn’t even think of going through the trouble conceal the fact that they are paying for the pump of their own stock.

As we stated in our previous article about PTOG the fact that they are paying for the pump is probably the most disturbing fact that should be a red flag for investers. By default all promoted stock’s undergo this treatment in order for insiders to dump stock and are usually paid by the company itself. However, other companies at least pay through third parties linked to some of the insiders or the company and we need to do a bit more research to find the connection.

In this case it’s as clear as it can get. PTOG seem to be very desperate and are paying for the promotion themselves in order to squeeze as much as they can from their stock so be sure to do your due diligence and weigh out the risks before you decide to invest in them.

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Nano Labs Corp. (OTCBB:CTLE) Manages To Close In The Green

By hot-stocked on May 23, 2013 in

CTLEchart.pngNano Labs Corp. (OTCBB:CLTE) made a significant comeback during yesterday’s session. They gained the impressive 20% and closed at $0.205. Investors showed quite a interest in the stock and more than 1.3 million shares changed their owners. Despite the positive close the ticker is still sliding further down and has lost a mojor portion of its value compared to the levels it had back in December.

The company is actively developing nanotechnologies to be used in a wide variety of products. According to the press releases made by the company they are testing coatings for commercial LED lightning systems, trying to create a revolutionary self-cleaning paint, at the same time researching a nano biotechnology mesh, which creates a mechanical barrier stopping blood flow, and finally last week came the process of extracting hydroxyapatite, a material used in dentistry, orthopedy and some prosthesis, form eggshells.

All this from a company that began its current business in October, 2012. It seems as they may be trying to get way too many birds using the same stone of nanotechnology. Not to mention the drastic change in operations. The company was trying to sell and install stone, tile and marble products for more than 16 years without ever earning a profit.

In order to evaluate their current performance we turned to the freshly filed quarterly report for the period ending March 31. According to it CLTE had the following financials :

  • $166 thousand cash and also total current assets
  • $649 total current liabilities
  • no revenues
  • $374 thousand net loss

CTLEchart1.pngThe company has some cash to rely on and they expect to begin marketing of their nano coating products in mid June. Even if that is truly the case it will be some time before they start to generate any sorts of revenues.

Although CTLE is not being touted at the moment the ticker has seen its fair share of paid promotions. Looking at the chart we can attribute almost all of the positive spikes to one-off alert emails making the stock a risky venture for investment.

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Carbon Credits International Inc (OTCMKTS:CARN) Soar Once Again

By hot-stocked on May 23, 2013 in

0CARN.pngReviewing penny stock companies that use the alternative reporting standard on the OTC Markets could be a bit frustrating. The reason for this is very simple – since they are not regulated by the accepted rules for their reports and financial statements, they can decide what they want to disclose and how they want to format it. Luckily, Carbon Credits International Inc (OTCMKTS:CARN) are among the ventures on the Pink tier that prefer to have their statements cleanly put together with the necessary information included in them.

They also love to issue press releases and if all the announcements are to be believed, they also have a habit of making quite a lot of acquisitions. CARN‘s Yahoo Finance profile keeps around 14 headlines, the oldest of which is dated July 24, 2012 and the mergers announced in them are so many that it’s really hard to get your head around which would bring the company more money. With that in mind, we were rather perplexed when we saw the figures in the balance sheet and the statement of income. Here are the most important financials as of January 31:

  • cash: $5 thousand
  • current assets: $21 thousand
  • current liabilities: $122 thousand
  • quarterly revenues: $3 thousand
  • quarterly net loss: $91 thousand

As you can see, while there is an active website providing all sorts of services related to text messaging marketing, this is still not the solid business venture that the pumpers are talking about.

And they are talking about CARN a lot. A quick look at our database reveals that the first emails we managed to intercept about them are dated September 11, 2012. Since then, around fifty more have hit our inbox the latest of which were sent prior to yesterday’s trading session by OrbitStocks and TopStockTips. The promotion along with the announcement about the name change gave the ticker a push in the right direction and it finished the day at $0.007 per share or 40% above Tuesday’s close. But what about the long run?

Well, as we mentioned the first pump campaign took place in September last year and back then, the stock hovered around the $0.05 per share mark, which means that in a matter around 8 months CARN have lost around 85% of their shares’ value. That said, this could also be partly due to the rather disturbing dilution that the shareholders have suffered during the last months.

According to the latest financial statement, they had around 46 million common shares outstanding as of February. The information on the OTC Markets website however is more recent and it says that the number is 68 million. Open CARN‘s previous financial report and you will see that the outstanding shares in October amounted to just 16 million. With very little in terms of revenue all the stock issuance is crushing the shareholders’ investments and it threatens to push the ticker even further down to the bottom of the chart.

What can they do about it? Well, in addition to letting the printing press cool down for a bit, they could also try to stay away from paid promotions. We have outlined all the pumps that we managed to intercept on their chart and you can see that the results are pretty appalling.

CARN_HQ.pngAlso, if they want to give the ticker some credibility, they can try to change the address of their corporate headquarters since, with the magic of Google Maps, potential investors can find out that currently, it’s situated in a residential house and we’re not really sure if this is appropriate for a company presented as a solid investment option.

All in all, they still have some way to go until they can claim to be a safe place for your money. If you want to jump in just for a quick trade, you should also be careful. We saw what happened during the previous promotions and there’s little to suggest that this one will be different.

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