{"id":1490,"date":"2013-05-23T12:13:51","date_gmt":"2013-05-23T12:13:51","guid":{"rendered":"\/?p=1490"},"modified":"2013-05-23T12:14:13","modified_gmt":"2013-05-23T12:14:13","slug":"lot-78-inc-otcmktslote-above-18-buying-slows-down","status":"publish","type":"post","link":"\/articles\/lot-78-inc-otcmktslote-above-18-buying-slows-down\/","title":{"rendered":"Lot 78, Inc. (OTCMKTS:LOTE) Above $18, Buying Slows Down"},"content":{"rendered":"<p> Lot 78, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=LOTE\">LOTE<\/a>) 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, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=LOTE\">LOTE<\/a> is considering a 4-for-1 share split. The last paid promotion for <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=LOTE\">LOTE<\/a> was on May 22nd, and the stock responded by jumping more than a dollar. <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/LOTE0523.png\" border=\"0\" alt=\"LOTE0523.png\" title=\"LOTE0523.png\" width=\"400\" height=\"178\" \/> <\/p>\n<p>But it seems the concerns actually help the ticker, especially when they are presented as widely-spread press releases. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=LOTE\">LOTE<\/a> 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. <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/PLPL0523.png\" border=\"0\" alt=\"PLPL0523.png\" title=\"PLPL0523.png\" width=\"350\" height=\"156\" \/><\/p>\n<p>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 <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=LOTE\">LOTE<\/a> announced changes to its bylaws and year end dates. The date is moved to September 30th, from July 31st, giving some extra time to <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=LOTE\">LOTE<\/a> perhaps to rally supporters.<\/p>\n<p>Also, the latest quarterly report gives a clearer picture of the company&#8217;s name change effect and the contribution of the fashion collection company:<\/p>\n<ul>\n<li>$140 cash<\/li>\n<\/ul>\n<ul>\n<li>$87,220 total current assets<\/li>\n<\/ul>\n<ul>\n<li>$1.3 million total current liabilities<\/li>\n<\/ul>\n<ul>\n<li>$150,759 revenues<\/li>\n<\/ul>\n<ul>\n<li>$83,399 net loss<\/li>\n<\/ul>\n<p>As we have said before, the product line of <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=LOTE\">LOTE<\/a> 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.<\/p>\n<p>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, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=LOTE\">LOTE<\/a> will increase the number of authorized shares from 75 million to 350 million.<\/p>\n<p>The latest pumper for <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=LOTE\">LOTE<\/a> 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.<\/p>\n<p>Wall Street Buzz added to the hype for another penny stock, Plandai Biotechnology, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=PLPL\">PLPL<\/a>). It&#8217;s still unknown if <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=PLPL\">PLPL<\/a> can stay around 50 cents after exploding from single-cent prices, but promotions certainly help. While <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=LOTE\">LOTE<\/a> 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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[120,470],"class_list":["post-1490","post","type-post","status-publish","format-standard","hentry","category-news","tag-lote","tag-plpl"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/1490","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=1490"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/1490\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=1490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=1490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=1490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}