{"id":2601,"date":"2013-09-21T12:14:58","date_gmt":"2013-09-21T12:14:58","guid":{"rendered":"\/?p=2601"},"modified":"2013-09-21T12:16:54","modified_gmt":"2013-09-21T12:16:54","slug":"solgenix-inc-otcbbsngx-rises-on-news-of-26-million-contract","status":"publish","type":"post","link":"\/articles\/solgenix-inc-otcbbsngx-rises-on-news-of-26-million-contract\/","title":{"rendered":"Solgenix, Inc. (OTCBB:SNGX) Rises on News of $26 million Contract"},"content":{"rendered":"<p> Solgenix, Inc. (OTCBB:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SNGX\">SNGX<\/a>) this time reacted with perfect timing, rising on the news that the company secured a $26 million contract with the US Department of Health. Involvement with government agencies is always a big plus for penny stock companies, <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/SNGC0920.png\" border=\"0\" alt=\"SNGC0920.png\" title=\"SNGC0920.png\" width=\"350\" height=\"156\" \/>leading to significant and stable revenues.  <\/p>\n<p><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SNGX\">SNGX<\/a> is currently at a two-year peak after the crash of downlisting to the OTCBB markets brought the stock from around $5 to $1. On Thursday, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SNGX\">SNGX<\/a> added a net of more than 8% to stand at $1.94 on buying volumes above $713,000. Activity has been picking up in the later months, and <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SNGX\">SNGX<\/a> looks like another comeback story.&nbsp;<\/p>\n<p>Before the big contract, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SNGX\">SNGX<\/a> was handling itself well enough, making losses that could easily be overcome:<\/p>\n<ul>\n<li>$2.6 million cash&nbsp; <\/li>\n<\/ul>\n<ul>\n<li>$3.4 million total current assets <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/SITS0920.png\" border=\"0\" alt=\"SITS0920.png\" title=\"SITS0920.png\" width=\"350\" height=\"156\" \/><\/li>\n<\/ul>\n<ul>\n<li>$1.6 million total current liabilities <\/li>\n<\/ul>\n<ul>\n<li>$900 thousand grant revenue <\/li>\n<\/ul>\n<ul>\n<li>$1 million net loss <\/li>\n<\/ul>\n<p>The company has used new share issues to boost cash, and still has a long way to go until using up the 50 million authorized shares.<\/p>\n<p><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SNGX\">SNGX<\/a> has not been pumped, and was just mentioned in an email in July by AllPennyStocks, as a composite mail with several stock recommendations. Probably <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SNGX\">SNGX<\/a> was chosen as a way to boost records.<img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/DECN0920.png\" border=\"0\" alt=\"DECN0920.png\" title=\"DECN0920.png\" width=\"350\" height=\"156\" \/><\/p>\n<p>If you like the story of a comeback, Southern ITS Int&#8217;l, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SITS\">SITS<\/a>) is a recent mover that reached a peak at $0.007 and is struggling to break out to the penny levels. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SITS\">SITS<\/a> slid back a bit on Thursday, but the fall in price was almost nothing, so we may expect <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SITS\">SITS<\/a> to sit around for a while.<\/p>\n<p>Decision Diagnostics, Corp. (OTCBB:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DECN\">DECN<\/a>) is another promising small cap that is fighting for a place in the glucose test strip market. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=DECN\">DECN<\/a> slid back a little to 68 cents, but is also sitting on a trend that lifted it more than 300% in the past weeks.<\/p>\n<p>We have to wait and see how <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SNGX\">SNGX<\/a> survives Friday&#8217;s trading and how it prepares for a new week. While a stock will from time to time rise on its own fundamental factors- a strong business model, a contract or a new drug, such tickers are not immune to serious falling. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SNGX\">SNGX<\/a> could retreat from its nearly $2 price without warning, so it is best to invest only sums that you can afford to lose.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Solgenix, Inc. (OTCBB:SNGX) this time reacted with perfect timing, rising on the news that the company secured a $26 million contract with the US Department of Health. Involvement with government agencies is always a&#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":[118,48,875],"class_list":["post-2601","post","type-post","status-publish","format-standard","hentry","category-news","tag-decn","tag-sits","tag-sngx"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/2601","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=2601"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/2601\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=2601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=2601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=2601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}