{"id":585,"date":"2013-02-18T14:22:00","date_gmt":"2013-02-18T14:22:00","guid":{"rendered":"\/?p=585"},"modified":"2013-03-25T19:51:22","modified_gmt":"2013-03-25T19:51:22","slug":"damn-good-penny-picks-engaged-to-pump-obj-enterprises-inc-otcobje","status":"publish","type":"post","link":"\/articles\/damn-good-penny-picks-engaged-to-pump-obj-enterprises-inc-otcobje\/","title":{"rendered":"Damn Good Penny Picks Engaged to Pump OBJ Enterprises, Inc. (OTC:OBJE)"},"content":{"rendered":"

\"obje_chart.png\"In a recent letter to shareholders, Paul Watson, CEO of OBJ Enterprises, Inc. (OTC:OBJE<\/a>), f\/k\/a Obscene Jeans Corp., rendered 2012 ‘the best year ever’, while expecting 2013 to be even more successful. Frankly, these bold claims do not exactly resonate with reality. So, if you hold a stake thus unattractive, you have no other option but to initiate a paid promotional campaign hoping to artificially ramp up the value of the stake. This is exactly the case with OBJE<\/a> right now. <\/p>\n

As it seems, the stock of OBJ Enterprises is ‘the new top-secret gem’ of promoters Damn Good Penny Picks. Of course, the latter aren’t flattering the stock for free. Rather, they have been compensated $35 thousand by third party EAG Group to paint a rosy picture of OBJE<\/a>. In reality, however, there is more to it than meets the eye.<\/p>\n

For a start, OBJE<\/a> is a failed distributor of women’s apparel, which is why the company shifted its focus on the digital gaming industry through a JV agreement last May. Unfortunately, OBJE<\/a> never took off. By Nov. 30, 2012, the company still had not generated any revenue and its sole assets were comprised of the $4,000 on its bank account. As for the relatively high current price of $1.22, it is a direct result of a 1-for-40 reverse split executed last November.<\/p>\n

Fundamentally speaking, OBJE<\/a>‘s activities for the last four quarters on record do not appear to have borne any fruit. What we have got here is zero expenses for R & D, an average quarterly payroll of $70 thousand, as well as a net loss of $160 thousand per quarter. What is more, the company’s total number of issued and outstanding shares currently amounts to some 7 million, which barely covers 7% of the total authorized stock. Combined with the lack of fresh capital, this exposes shareholders to a huge risk of dilution every time OBJE<\/a> has to pay off a portion of its debt.<\/p>\n

In a nutshell, this is what you would get if you invest your money into OBJE<\/a>. Sure, the company might eventually beat the odds and make a breakthrough with a killer mobile app, yet such a scenario is heavily dependent upon too many variables for the time being. <\/p>\n

 <\/p>\n

\"\" <\/p>\n","protected":false},"excerpt":{"rendered":"

In a recent letter to shareholders, Paul Watson, CEO of OBJ Enterprises, Inc. (OTC:OBJE), f\/k\/a Obscene Jeans Corp., rendered 2012 ‘the best year ever’, while expecting 2013 to be even more successful. Frankly, these...<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[248],"class_list":["post-585","post","type-post","status-publish","format-standard","hentry","category-news","tag-obje"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/585","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\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=585"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/585\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}