{"id":2573,"date":"2013-09-19T12:15:12","date_gmt":"2013-09-19T12:15:12","guid":{"rendered":"\/?p=2573"},"modified":"2013-09-19T12:15:22","modified_gmt":"2013-09-19T12:15:22","slug":"southern-its-international-inc-otcmktssits-sets-eyes-on-penny-levels","status":"publish","type":"post","link":"\/articles\/southern-its-international-inc-otcmktssits-sets-eyes-on-penny-levels\/","title":{"rendered":"Southern ITS International, Inc. (OTCMKTS:SITS) Sets Eyes on Penny-Levels"},"content":{"rendered":"<p> On a slower day, double-zero bids sometimes surface. This is the case of recently promoted Southern ITS International, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SITS\">SITS<\/a>), which added more than 65% to $0.0071 on dollar volumes above $227,000, a significant sum for a deeply underpriced ticker. <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/SITS0918.png\" border=\"0\" alt=\"SITS0918.png\" title=\"SITS0918.png\" width=\"400\" height=\"178\" \/> <\/p>\n<p>At that price, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SITS\">SITS<\/a> could rise even without a promotion. The latest news from the company are from September 12th, when the company announced a decrease in its outstanding shares as nearly half were returned to treasury. Daily trading is usually of a few million shares per day, although in the past three days buying easily passed the 50 million shares mark. <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/CBYI0918.png\" border=\"0\" alt=\"CBYI0918.png\" title=\"CBYI0918.png\" width=\"350\" height=\"156\" \/><\/p>\n<p><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SITS\">SITS<\/a> is strangely underpriced for a company offering security services. These companies are usually well-supplied in a world more and more concerned about crime and terrorism threats. Still, this activity left <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SITS\">SITS<\/a> with a small, though solid collection of financial strengths:<\/p>\n<ul>\n<li>cash: $145 thousand <\/li>\n<\/ul>\n<ul>\n<li>total current assets: $438 thousand <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/LATF0918.png\" border=\"0\" alt=\"LATF0918.png\" title=\"LATF0918.png\" width=\"350\" height=\"156\" \/><\/li>\n<\/ul>\n<ul>\n<li>total current liabilities: $1.1 million <\/li>\n<\/ul>\n<ul>\n<li>revenues: $948 thousand <\/li>\n<\/ul>\n<ul>\n<li>net income: $249 thousand <\/li>\n<\/ul>\n<p>The only problem is, even selling widespread and much-demanded electronic security systems, a stock below a penny is inherently volatile. There is some hope for <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SITS\">SITS<\/a>, which started with a high price of a few dollars years back, but so far the climb is miniscule, and it is easily seen the stock has been drifting sideways at its extremely low price for more than a year and a half already.<\/p>\n<p>Another sub-penny that returns for a while is Latteno Foods, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=LATF\">LATF<\/a>), a food company turned medical marijuana dispenser. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=LATF\">LATF<\/a> slid down 20% after one good day, to stand at $0.0012. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=LATF\">LATF<\/a> had a long slide in the past weeks, but grew by 100% as buyers appeared when they perceived a bargain at $0.006.<\/p>\n<p>Below a penny, classical pumps happen, and the scenario is easily seen in the graph of Cal Bay Int&#8217;l Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=CBYI\">CBYI<\/a>). The ticker was lifted up six times, from triple zero prices, peaked at $0.003 and since then lost about 50% of its value.<\/p>\n<p>When it comes to <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SITS\">SITS<\/a>, the share retirement was considered a good sign for an attempt at strengthening the company&#8217;s structure, to reflect a solid security business. There are expectations that <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SITS\">SITS<\/a> could grow to the pennies level. Opinions on message boards are wildly optimistic. The only trouble would be that below the penny, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SITS\">SITS<\/a> could still go through a correction for profit-taking, as it did on September 13th, paradoxically the day of the promotion.<\/p>\n<p>While <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SITS\">SITS<\/a> is accessible enough, that is not a guarantee of sustainable growth. There might be enough justification based on projects and upcoming earnings that may match a stock price. But keep in mind that <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SITS\">SITS<\/a> may move beyond any reasonable level, and avoid investing if you cannot afford deep corrections.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On a slower day, double-zero bids sometimes surface. This is the case of recently promoted Southern ITS International, Inc. (OTCMKTS:SITS), which added more than 65% to $0.0071 on dollar volumes above $227,000, a significant&#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":[986,540,48],"class_list":["post-2573","post","type-post","status-publish","format-standard","hentry","category-news","tag-cbyi","tag-latf","tag-sits"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/2573","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=2573"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/2573\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=2573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=2573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=2573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}