{"id":2726,"date":"2013-10-03T13:15:17","date_gmt":"2013-10-03T13:15:17","guid":{"rendered":"\/?p=2726"},"modified":"2013-10-03T13:24:11","modified_gmt":"2013-10-03T13:24:11","slug":"pv-enterprises-international-inc-otcmktsvdsc-corrects-after-jump","status":"publish","type":"post","link":"\/articles\/pv-enterprises-international-inc-otcmktsvdsc-corrects-after-jump\/","title":{"rendered":"PV Enterprises International Inc. (OTCMKTS:VDSC) Corrects After Jump"},"content":{"rendered":"

\"490VDSC_chart.png\"The sub-penny realm of OTC-land seems to hold a special appeal with many traders. This was once again proven this week, as PV Enterprises, Inc. (OTCMKTS:VDSC<\/a>) managed to shift over 340 million shares on Tuesday and more than double in price over a single session, reaching $0.002 per share. <\/p>\n

Sadly the jump was just as short-lived as the previous attempts of the ticker to take off, possibly because this time around there were no stock pumps involved, and the ticker dropped 25% yesterday, once again on heavy share volume. Despite the absence of stock promoters, the song remains the same – a jump on no recent significant material news and and underwhelming quarterly report.<\/p>\n

We have covered VDSC<\/a> before, on the occasions when the stock reared its head and cropped up among the most heavily traded OTC tickers. For those who missed the previous articles, VDSC<\/a> is that same enterprise that was planning to acquire a cruise ship in 2012 and then generate projected revenues in the tens of millions, except the ship in question ended up in a scrapyard in mid-2012. The company is obviously not giving up on its attempts to make money off the seafaring sector.<\/p>\n

Even though the company has been very quiet in terms of press releases posted on its Yahoo Finance page,VDSC<\/a>‘s CEO, Peter Villiotis, informed the public in yet another letter to shareholders dating back to mid-September 2013 that VDSC<\/a> had a letter of intent signed with a Korean company. The LOI allegedly covers ferrying operations between the city of Yeosu in South Korea and a nearby major tourist destination. Coincidentally, the city of Yeosu was also the host of the Expo 2012 – the event that was supposed to generate roughly $10 million in revenues for VDSC<\/a> in 2012 with the now-scrapped cruise ship. It seems Mr. Villiotis has learned his lesson and this time around there are no projections of ferrying revenues, just the promises of a successful partnership.<\/p>\n

Those who want to make an informed decision despite the failed promises of the past and would like to take a brief look at the company’s current financial situation can’t do that. VDSC<\/a>‘s fiscal year end is June 30, which gave the company 90 days to furnish its yearly report. Sadly, it’s not out yet and there’s a notification of late filing in its place, stating there’s been a ‘delay in information’. The most recent report is a quarterly from March and it shows a cashless VDSC<\/a> with $6 million in liabilities and no revenues generated.<\/p>\n

\"9APDN_chart.png\"Other big volume movers from yesterday’s session include Pacific Clean Water Technologies, Inc., f\/k\/a Unseen Solar, Inc. (OTCMKTS:PCWT<\/a>) – the latest target of promoters Awesome Penny Stocks, wo had a minor green close and ended the day 2% up at $0.22 per share. Applied DNA Sciences, Inc. (OTCMKTS:APDN<\/a>) moved nearly $1 million in dollar volume and closed 6% up at $0.10 per share.<\/p>\n","protected":false},"excerpt":{"rendered":"

The sub-penny realm of OTC-land seems to hold a special appeal with many traders. This was once again proven this week, as PV Enterprises, Inc. (OTCMKTS:VDSC) managed to shift over 340 million shares on...<\/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":[572,1009,365],"class_list":["post-2726","post","type-post","status-publish","format-standard","hentry","category-news","tag-apdn","tag-pcwt","tag-vdsc"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/2726","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=2726"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/2726\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=2726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=2726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=2726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}