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Penny stock thread split

Wally Fairway

By Wally Fairway
in Business and Markets

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Should there be a separate Penny Stonk thread?  

58 members have voted

  1. 1. Speaketh yer mind Surlites

    • Keep everything in the Stonk thread
      12
    • Make a new thread focused on Penny Stonks
      19
    • Whatever RCRanger says is good by me
      14
    • I'm good either way
      8
    • Dickbutt - tree fiddy - OUsux - I just wanted to vote
      4

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  • Poll closed on 02/04/2021 at 05:00 AM

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RCRanger03
RCRanger03

Not bad advice, but no worries here. I'm just an internet stranger lol. When I can I'll help put out information about when and where to get in on the bottom floor, or when catalysts look to take it t

CooterBrown
CooterBrown
RCRanger03
RCRanger03

NVSOS is where it gets filed and FINRA is where it is enacted. If/When an R/S is done you'll see it show up here - https://otce.finra.org/otce/dailyList Apparently I got more than just yall into XM

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cam4mav

cam4mav 771

Posted
Posted (edited)
58 minutes ago, RCRanger03 said:

RXMD reading, I like seeing substantial Revs growing yoy

https://finance.yahoo.com/news/progressive-care-announces-record-december-120000712.html

https://www.streetinsider.com/Globe+Newswire/Progressive+Care+Announces+Telehealth+Partnership+With+EagleForce+Health+to+Drive+myVax+Digital+Passport+for+COVID-19+Testing+and+Vaccination/17973492.html

https://www.otcmarkets.com/stock/RXMD/financials

 

$40.6 milly 2020

image.thumb.png.cba5204156b7a391d493d87a2e89a2ba.png

Edited by cam4mav
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Hefeweizen

Hefeweizen 5,334

Posted
Posted
6 minutes ago, Hank_Hill said:

Lol at first I read that as them having $32,629 in revenue in 2019. Was like damn we truly are in pennies

Lol.  I was down 6% for the day, saved by RIGL which I went heavy on because of insider buying a few weeks ago, and actually up 20% by the end of the day on FPVD.  That is the definition of a stonk; down as much as 50% at times (0.032 was the low and 0.067 the high).  I don't day trade but there is some serious money to be made on day trading something like that.

In any case, I need to spend about 10k on repairs to the house due to the water line breaks so make me some money pennies.

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cam4mav

cam4mav 771

Posted
Posted (edited)

yo so i'm just clipping stuff with the snipping tool. Just saw it has an edit with paint button. I've been using that for years. scribbling things with the mouse hahaha.

Paint obviously has text. JFC 🤦‍♂️

 

edit...... It's not just MSPain.... it's 3DPaint

lets goooo lmao

image.thumb.png.9e739b5bf73b2e35e1c4771fe8ed2373.png

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TexasEd

TexasEd 8,077

Posted
Posted
5 minutes ago, T’Boo Ted Marshall said:


Can you post details? I’m getting pay walled.

Quote

Change My Mind: Why I Believe Tesoro/HUMBL Is The Next Big Thing In Fintech

Feb. 18, 2021 3:50 PM ETTesoro Enterprises, Inc. (TSNP)40 Comments38 Likes

Summary

  • HUMBL's meteoric rise has brought many skeptics to the forefront.
  • I have identified six major questions and risks that surround HUMBL and answer them.
  • By addressing the major skepticisms and the potential risks, we maintain that HUMBL is well positioned to disrupt the Fintech industry.
  • There are inherent risks with a Fintech startup in a crowded space. Researching demystifies the risks to uncover the next "Big Thing."

Editor's note: Seeking Alpha is proud to welcome Josh J Kim as a new contributor. It's easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to SA Premium. Click here to find out more »

I wrote about Tesoro Enterprises/HUMBL (OTCPK:TSNP), soon to be (HMBL) here.

Here is the story of her birth- if Alibaba (BABA) and PayPal (PYPL) got married and had a girl named Venmo (PYPL) and she grew up and married a strapping young lad named #Blockchain (DGB), she would be called HUMBL.

Its fairy tale-like claims and share price gains (+800% in one month!) brought many skeptics out of the woodwork with their bear thesis. The theses are very fair and quite frankly, I had the same questions! This article lists and addresses the skepticisms and defend that HUMBL is the next big thing to disrupt the Fintech industry.

List of Skepticisms and Questions

  1. PayPal, Venmo, Square (NYSE:SQ), Western Union (WU), Cash App (SQ), Alipay can nip HUMBL in the buds.
  2. What about Google Pay (GOOGL) and Apple Pay (AAPL)?
  3. Is this a pump and dump scheme fueled by Reddit?
  4. HUMBL Financial’s ETX is nothing new. Crypto ETFs have been denied by the SEC in the past.
  5. The float is too large. 3.9 billion Shares outstanding!
  6. The market cap is already over $5 Billion!

1: PayPal, Venmo, Square, Alipay, and Western Union can nip HUMBL in the bud.

Short Answer: Global mobile payment space is vast, it’s too early to crown a winner. HUMBL is already out pacing the incumbents in the global stage. HUMBL’s product offering is technologically on a different level than the incumbent.

 

Long Answer: What does a business traveler, ex-pat, deployed military, and a Mexican immigrant have in common? They need a convenient, fast, and cheap means to transact money to and from overseas. This ‘need’ is known as demand in the school of Economy.

Now, let’s define the supply side of the equation.

PayPal, Venmo, Cash App, Square, Alipay, Western Union, and MoneyGram currently represent the “supply” side of this equation. The “old kids on the block”- Western Union and MoneyGram- can’t do what the “new kids on the block” can do. But interestingly enough, neither can Venmo, Cash App, and Alipay. Venmo and Cash App are stymied by geographic limitations which have been detailed here. Hence the reason why both "old" and the "new" continue to co-exist in the global payment ecosphere. They both have the same end goal of transacting money but they go about it differently to different target audience. The companies above represent the “supply” side of the digital wallet/payment equation.

According to NFCW, a leading mobile payment technology and trend research firm:

The number of digital wallet users globally will increase from 2.3bn in 2019 to 4bn in 2024 and global non-cash transactions will grow to nearly 1.1tn in 2023 from 708.5bn in 2019, according to the World Payments Report 2020.

World Payments Report 2020 graph showing growth in mobile payments

Source: NFCW

Venmo and Cash App have 52 million and 30 million respective monthly users. Then there is Alipay’s who claims to have 1.3 billion users but is largely inconsequential as its hegemony is limited to Sino sphere of influence. With the global demand being at over 4 billion and supply falling short at 1.4 billion, the gap of epic proportions is incontestably obvious. This gap demonstrates that we are still VERY early. To say that Venmo, Cash App, and Alipay have already won is like saying that AOL won the internet, Netscape won the browser race, and Yahoo won the search war, and... You get the drift.

 

Internationally speaking, HUMBL already has a solid ground game. Partnerships with India, Pan-Asia, Mexico, Latin America, Africa, and foreign governments strategically align perfectly with the global growth projections above. HUMBL is deep into Mexico, established strategic alliances with India, and is running its Financial division out of the Crypto center of the universe in Asia (Singapore).

Technology is an enabler. Enabled by blockchain, HUMBL offers same day settlement of funds as successfully demonstrated. Speaking of technology, if the banks were built on the PVC pipes and Venmo/Cash App were built on steel piping, HUMBL is the house that was built on copper piping. Venmo and Cash App built their infrastructure on legacy Fiat pipeline, whereas HUMBL built their house on the blockchain technology.

The following chart demonstrates the inertial forces at work that hold back the incumbents. They have to 'unbuild and rebuild' in order to put in the new copper piping.

https://ark-invest.com/wp-content/uploads/2020/10/242-chart-1-690x494.jpg

Source: ARK Invest

HUMBL, powered by blockchain (DGB- Digibyte), is days faster than Fiat and 40 times faster than BTC with nearly fee free. If you’ve ever tried to send/receive Bitcoin, you’ll wonder why anyone would prefer it over a Visa (V) credit card (takes days to settle but gives illusion that it settles instantly). DGB is the UTXO blockchain you thought were getting when you were buying the BTC (Bitcoin). It is faster, 1,000x more plentiful, and costs nearly nothing to transact. Fair value for DGB is 1/1000th of BTC (21 million BTC vs 21 billion DGB), which at the time of this writing is about $50. You can purchase the DGB for about $0.07 as of today. You do the math. Deep value is there for the taking. In the future, the BTC will become the gold as a long term storage of value, whereas the DGB will be the everyday digital currency.

2: Google Pay, Apple Pay, Samsung Pay. It’s a crowded field.

 

Short Answer: HUMBL offers far more value added services, embodies Web 3.0 and decentralization of finances.

Long Answer: Apple is closing in on 230 million worldwide users. Google Pay and Samsung Pay are on track to cross 100 million users globally. That’s nice, but there are three things to consider:

First, the "AOL" argument applies here as well. Mobile wallet space is far from being settled. There are billions of users up for grabs whereas Apple, Google, and Samsung combined account for less than 500 million users. The Fat Lady hasn’t even left her house yet.

Second, Apple, Google, and Samsung are NOT the actual payment processors. They merely store your credit/bank card information and provide a digital & mobile interface. They are neither custodians nor facilitators of your money. They are just digital manifestations of your plastic credit/debit cards. HUMBL is fundamentally different. They go beyond being a mobile digital projection. They are facilitators of true peer-to-peer financial transaction with near instant settlement of funds built on Web 3.0. They enable you to be your own bank and wallet powered by Web 3.0 services. You can read about Web 3.0 here, which is a good primer for how HUMBL will usher in Web 3.0 with its product offerings. President and CEO Brian Foote is eloquent and provides insightful overview.

48726061-16133744358862216.png

Source: HUMBL Investor Call: December 9, 2020

Third, decentralization. Apple Pay, Samsung Pay, and Google Pay amalgamate all of your credit/debit card and spending habits. Our spending behaviors are needlessly tracked and most likely monetized- directly or indirectly. In exchange for convenience, our data is centralized in someone's server. Blockchain is the opposite of centralization. It decentralizes financial transactions by eliminating the need for a middleman. Foote is on record to say that HUMBL is NOT custodians of your money but facilitators of true peer-to-peer transactions. Blockchain enables everyone to be their own bank and wallet at the same time.

 

3: HUMBL is a Reddit fueled pump and dump.

Short Answer: HMBL price action does not correlate with the social media activity.

Long Answer: There are two articles titled “Why HUMBL does not deserve to be a Unicorn” followed up by “Revisiting Tesoro/HUMBL- It’s Got Electrolytes”. Most, if not all, of the skepticisms in the two articles are answered by Foote in the two investor relation videos. Here are couple of points that are worth highlighting.

First. The author suggests that “I read a theory on Reddit that this is a pump by a person posting under the name Yates investing on Twitter”. The author a provides couple of links. We can verify and validate to see if it is similar to /r/wallstreetbets level of frenzy.

48726061-16133744362194993.png

Source: Reddit

48726061-16133744353497043.png

Source: Twitter

Four up votes and three retweets.

Hardly a progenitor for a pump. I regularly scout the HUMBL groups in Reddit, Discord, and Twitter. All of these groups are only about a month old with relatively small number of followers. As of February 12, 2021, there are 521 Discord members and 3,562 members in Reddit. Most of the member growth has been in the past couple of weeks as HUMBL raced past the $1 mark.

Second, the company's share price is correlated to material progress of the company rather than randomized social media fueled pump. See for below. The stock runs up on steady release of material news of HUMBL’s execution and consolidates nicely until the next leg up.

 

48726061-1613580208301069.pngSource: Author

For a penny stock that’s run 13,000% since November, you’d expect it to go back to the pennyland. Instead, you can witness heavy accumulation, healthy pull back, and steady consolidation. At the present time, the stock has pulled back and is undulating around the dollar mark. It is likely filling the necessary gaps for the next level up.

4: Crypto ETF (ETX) is nothing new and have been denied by the SEC before

Short Answer: That was 2018 and this is 2021. Crypto is more mainstream and other countries have already approved crypto ETF.

Long Answer: While it is true that the crypto ETF products are not available in the US and failed to clear the SEC hurdle before, there are two points to consider.

First, the center of the crypto/blockchain universe is Asia, not USA. Crypto does not need USA to flourish. In February 2nd, HUMBL Financial launched in over 140 countries with their blockchain/crypto ETF. Already, the Twitter is full of customer testimonials profiting from HUMBL's ETX products (Block 3, 5, 10, Gov, Etc…). For $5 a month, HUMBL will actively invest for you through Bittrex. For millions of people that cannot stomach the crypto volatility, ETX is the perfect product. HUMBL does not hold your money. HUMBL's AI invests on your behalf as your assets reside in Bittrex. True decentralized investing, true to their philosophy.

48726061-16135782568546154.png

 

Source: Twitter @RudyBouwman

48726061-16135783337960696.png

Source: Twitter Marc "@80inchestall"

48726061-16133744376229541.pngSource: Twitter Marc "@80inchestall"

Second, it is true that the SEC has rejected bitcoin “ETF” in the past. As always, the devil is in the details. In 2018 ruling, the SEC concluded that the self regulated Bats BZX Exchange and Gemini Exchange- seeking to list shares of the Winklevoss Bitcoin Trust are not “uniquely resistant to manipulation”. SEC emphasized that the disapproval was not a direct rejection of the blockchain technology as an investment vehicle.

48726061-1613374438076454.pngSource: SEC Release No. 34-83723

It was a flawed strategy to prematurely launch bitcoin trust as a crypto ETF. It never had a chance, especially in 2018.

Thirdly, this is 2021. Tesla has bought $1.5 billion in BTC, JP Morgan’s $150 billion investment arm is mulling crypto investment, and Canada has already approved Bitcoin ETF. To borrow the words of my favorite super villain, Blockchain/Crypto is inevitable.

Bittrex is not regulated by the SEC and it retains its prerogative to list anything they see fit. Although unregulated, Bittrex is openly committed to adhering to the US Securities Laws. Therefore, as soon as HUMBL, Bittrex, and SEC develop an “understanding”, we may have access to HUMBL ETX in the U.S. Since HUMBL's product is live all over the world today, there seems to be no reason not to have ETX in the USA shortly. There's your precedence.

5: The float is too large. 3.9 B shares outstanding!

Short Answer: HUMBL is actively reining in shares (Over 1 billion shares- reduction of 21%, since November) but more importantly, remaining float can be leveraged to build moat

Long Answer: First, HUMBL started out with 5 billion shares back in November. Since then, this is how the company reined the shares back in.

48726061-16133744358382442.png48726061-16133744358167996.pngSource: Twitter @GeorgeASharp

It is well publicized that Foote has made it his goal to reduce the number of shares float by purchasing them out right and/or converting it to restricted shares. According to the November 17, 2020 press release,

President Brian Foote has agreed to convert over 318 million shares recently purchased by him out of the retail market to a new class of Preferred shares. Upon completion of the conversion, Tesoro’s issued and outstanding number of common shares will have been reduced by over 860 million shares since Mr. Foote became President of Tesoro. The company does not anticipate that the number of common shares outstanding will increase during the remainder of 2020 and throughout 2021.

Through the press release, Foote clearly demonstrates his desire to lower the float. It is worth noting that there are no plans to dilute its shares through 2021. Why lower the float? To provide more value per share to the investors. This is typically done through dividends and share price growth. With the dividend payout unlikely in the near term, it is obvious that increasing the share price is their main objective in lowering the float.

In parallel, HUMBL plans to release an audited company financials by Q2, 2021. They are an OTC Pink Sheet company, audited results are not a requirement. Then, why such an aggressive timeline?

48726061-16133744385724864.pngSource: HUMBL Investor Call Jan 22, 2021

This can mean only one thing. NASDAQ up listing.

Playing in the major league draws in new class of investors. Nasdaq up listing may be able to draw lot of interest from different hedge funds and larger institutions.

Two key requirement for up listing are Audited Financials and minimum share price of $4.00. At the time of this writing, the company sits at ~$1 per share. With plenty of catalysts and Foote's track record of delivering on time, HUMBL should be trading in the NASDAQ by the end of Q3 2021. This is my speculation.

Second, Foote commits to put the 'shares to use' in his first investor call. Foote kept his promise. HUMBL completed a revenue generating acquisition with Block 30 which is now HUMBL Financial. He's not done. He on record in saying that he is actively pursuing more. All those shares will come in handy.

MoneyGram could be a potential candidate. With a market cap of $600 million, it can be purchased in all stock transaction to the tune of ~600 million HUMBL shares. MoneyGram acquisition gives instant access to 350,000 worldwide locations with 2 billion accounts. Alibaba has tried this unsuccessfully in 2017 when MoneyGram was a $1B+ company.

Remitly is another possible candidate as Brian has stated that he’s actively looking into Fintech acquisitions.

Any acquisitions will create a positive feedback loop. Number of tradeable shares go down while the company is leverages those shares to create a revenue generating/strategic moat. This will drive up the demand for the shares and the share prices will follow. Healthy number of shares work to HUMBL's advantage. Everybody wins.

6: HUMBL market cap is over $5 B (as of February 17, 2021)

Short answer: Once you understand the served market and HUMBL’s value proposition, the sky is the limit.

Long answer: This thesis is a very fair one. Is HUMBL overvalued @ $5 billion?

At a time when Airbnb’s (ABNB) $125 B market cap outweighs Marriott (MAR) $42 B AND Hilton (HLT) $31 B COMBINED, it’s difficult to assign a fair price on a disruptor. Moreover, without the audited financials, we can’t apply the traditional valuation methods such as DCF (Discounted Cash Flow), comparable PE, book value multiples, and etc.

HUMBL is a Disruptor. In order to value a Disruptor, you need to size up the Disrupted. So here we go.

First, let’s size up the served market and pit the competition’s product offering against HUMBL's.

48726061-16133744358594747.pngSource: Author

Mobile Digital Wallet: According to Ark Invest White Paper (ARKInvest_050120_whitepaper), US digital wallet transact nearly $800 billion. Internationally, it is projected to become a $7.5 trillion opportunity by 2027. This is just for fiat currency. With the current crypto market cap at ~$1.5 trillion and rapidly growing, the global opportunity to profit from the payment transactions becomes astronomical.

International Remittance: International money transfer market size is valued at ~$680 billion and is set to grow by ~$930 billion by 2026.

Merchant Payment Services: Merchant payment services market size is estimated to be $74 billion in 2020 and is projected to become $120 billion by 2025.

Based solely on the three market segments above, HUMBL’s served market is estimated to be ~$1.5 trillion as of 2020. This is just a subtotal. We have yet to factor in HUMBL Financial’s ETX products which is already generating revenue with access to billions of people all over the world.

Just by the sheer size of the market space, one can see that HUMBL’s valuation of $5 billion just the beginning. For reference, Remitly- a Fintech startup in a distant 6th place in only the Remittance market- was valued at $1.5 billion as of July 2020. Let that settle in.

Second way to assign valuation is through the VAU model (Valuation per Active User). According to Ark Invests whitepaper, following pareto shows VAU of the various Fintech startups.

48726061-1613374435816553.pngSource: ARK Invest White Paper

Sofi's accounts, value added financial products, are valued higher than digital wallet accounts such as Cash App and Venmo.

HUMBL offers the combined services of Sofi, Robinhood (Crypto ETX), Venmo, and Square. Therefore, its individual account should be valued higher than $1800. But let’s take a VERY conservative approach and say that each HUMBL user is valued at $500 per active user. That would require only 10 million active users to satisfy current valuation. With over 270 million migrants remitting money back to their home country, it takes 5% market penetration in just the remittance segment to meet the current valuation. With partnerships in Mexico, India, Pan Asia, and Brazil- it’s just a matter of very short time that HUMBL will be transacting for billions of people around the world.

Keep in mind that the above market is not even counting the blockchain ETF products marketspace. As these various vertical markets are amalgamated under HUMBL, the results for subscriber growth could be explosive.

 

Conclusion

We are still in the very early in its stages. With its meteoric rise in share price, the skeptics pose fair questions. Market belongs to neither permabulls nor hopeless skeptics, but to those who are willing to vet through the risks and invest accordingly. This article attempts to demystify the risks.

In addition to the demystifying the risks, there is nothing to demystify about Foote's leadership. He has clearly promised and executed on every single commitment that were made to date. The lofty promises from first investor call were verifiably delivered by the second investor call. Many of the team members are working 20 hour day on stock shares as their compensation.

I wouldn't work for penny shares if I didn't think a share will be in the hundreds in the future. Would you?

I think HUMBL is the next Big Thing. Did I change your mind?

 

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Hefeweizen

Hefeweizen 5,334

Posted
Posted
1 minute ago, Coelenterate Fuccboi said:

I’m officially in too many stocks. I keep scrolling down my list as asking, WTF is that and when did I buy it?

Periodically this happens to me. My personal maximum is 6 to 8.  Beyond that I cannot keep track of my thesis or exit point.

I am violating one of my rules with a 30 percent concentration in ALPP but that company just has its shit together so well...

 Today is a 10 percent so far.  Keep in mind that an 11 percent rise is needed to overcome a 10 percent drop.  So red days are killer. 

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Coelenterate Fuccboi

Coelenterate Fuccboi 13,120

Posted
Posted
2 minutes ago, Hefeweizen said:

Beyond that I cannot keep track of my thesis or exit point.

I buy some and immediately create limit sell orders and forget it. For my longer plays, I sit down once a week and create my exit points. I swing trade and hold a handful longs. On a week like this, where so much is on sale, I end up with a big portfolio. It will trim down as I hit my sell orders or just decide to cash out. This week was particularly crazy on the buys.

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Blotto

Blotto 23,584

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Posted
On 2/18/2021 at 10:22 AM, Blotto said:

This one is a P&D machine I suspect, but if you have the followers it works. I threw some money at her latest recommendation this morning (BTZI) as I happened to be logged into Etrade when she tweeted it out. Got in at .135 and it was at .15 about two minutes later. That seems to be the upper bound of the spike, may just sell for the 10% profit. But you can see the effect of her tweets in the volume. 

image.png.d15b331d9b9b59a2ade3c3b2d052e7ad.png

Didnt sell, BTZI trying to punch through .2 this morning. Decent twitter follow, lulz

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T’Boo Ted Marshall

T’Boo Ted Marshall 2,740

Posted
Posted
17 minutes ago, Hefeweizen said:


 

MMEX is the best example of this right now.  It’s an Austin company and I think it is a pure pump and dump.  Would not touch.

Brother?  I've been watching his one for years.  It's a joy to see the new pump and dump people regurgitate the same info years later.  

I'm in a FB group on it and most hate being called out for their pumping.  

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Wally Fairway

Wally Fairway 5,589

Posted
  • Author
Posted (edited)
1 hour ago, PatrickMcHorn said:

I'm in the same boat. I'm selling Rando shit that's green trying to cut down.
 

I'm waiting for the ALPP uplisting, so I can sell a chunk of that, at $10 or above, and then I'll have a more rational amount of my portfolio in stonks. That one really is tipping the scales towards my portfolio being too stonky

Then again, the only things I have green today are on my stonklist

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cam4mav

cam4mav 771

Posted
Posted (edited)

This is most definitely going to be wrong, but in the interest of smooth brain entertainment and attempting to learn a thing or two regarding researching pennies.... here goes.

Step 1: Come across random ticker on twitter tagged onto other tweets regarding a stock you are looking at

Step 2: go to OTCMarkets.com and find the companies page https://www.otcmarkets.com/stock/puge/profile

Step 3: start looking around.

Quote

Green checkmark verified profile 01/2021. That's good right?

image.png.f7bb6cbfc59c290b604602b948d809a1.png

 

image.png.3cf57d40e7af8edb0f08ff2dd579b6aa.png

 

image.thumb.png.f5fe35af1e1932fb9e8497ecbb3d8a18.png

 

image.thumb.png.93ed5deb513aba6430117b8fa5a8abc5.png

image.png.768e3d26e8e70526901a868dd42f1c13.png

 

Step 4: Check out the website https://www.pugettechnologies.com/investor-relations

Quote

image.thumb.png.b77128ecabf90e5300d13c4356a8fc8c.png

image.thumb.png.4d7f8315687796032bc2ccd192e731d2.png

image.png

 

Step 5: hmm ok then. Read the most recent 8-k

Quote

image.thumb.png.12d16d10fdaa91a2d7592f1bafd2ba96.png

There is is. Company with $100k in leftover debt (in the actual 8-K not that screenshot), 2 employees, no revenue, just started filing with SEC again last fall to get current, aiming to act as a SPAC long term with the first play being whatever solar thing that is referenced there having to do with current members of it's board of advisors. 

Is it worth anything? Depends entirely on the leadership and if the solar thing has any real value. 

Currently trading at around $0.005 after being around $0.002 before the 10-K was released on 2/12 and it probably got twitter yolo'd.

image.thumb.png.fc247fd2de3adf9f5e42e497fd7d8809.png

 

This is not investment advice. This is the equivalent of a third grade book report.

 

Edited by cam4mav
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Wally Fairway

Wally Fairway 5,589

Posted
  • Author
Posted
6 minutes ago, cam4mav said:

This is most definitely going to be wrong, but in the interest of smooth brain entertainment and attempting to learn a thing or two regarding researching pennies.... here goes.

Step 1: Come across random ticker on twitter tagged onto other tweets regarding a stock you are looking at

Step 2: go to OTCMarkets.com and find the companies page https://www.otcmarkets.com/stock/puge/profile

Step 3: start looking around.

 

Step 4: Check out the website https://www.pugettechnologies.com/investor-relations

Step 5: hmm ok then. Read the most recent 8-k

There is is. Company with $100k in leftover debt (in the actual 8-K not that screenshot), 2 employees, no revenue, just started filing with SEC again last fall to get current, aiming to act as a SPAC long term with the first play being whatever solar thing that is referenced there having to do with current members of it's board of advisors. 

Is it worth anything? Depends entirely on the leadership and if the solar thing has any real value. 

Currently trading at around $0.005 after being around $0.002 before the 10-K was released on 2/12 and it probably got twitter yolo'd.

This is not investment advice. This is the equivalent of a third grade book report.

 

Can I just search otcmarkets for companies HQ'd in Boca Rotan; because that seems like a good thing to search for when looking for penny stonks

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PatrickMcHorn

PatrickMcHorn 376

Posted
Posted
Just now, hayden_horn said:

is pmfs proper fucked or what? shit has flatlined all week.

thinking about dipping a toe into alpp at the sub $7 range. too late?

tsnp - someone fill me in here. worth it at around $1?

I was wondering about PMFS myself.  It's been a bit since there was any news, and it's not going shit.

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TechTech

TechTech 99

Posted
Posted
1 minute ago, hayden_horn said:

is pmfs proper fucked or what? shit has flatlined all week.

thinking about dipping a toe into alpp at the sub $7 range. too late?

tsnp - someone fill me in here. worth it at around $1?

yes on tsnp, i bought another huge chunk yesterday. Its dropping on no news but this thing will be fire.

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RCRanger03

RCRanger03 1,049

Posted
Posted
Just now, PatrickMcHorn said:

I was wondering about PMFS myself.  It's been a bit since there was any news, and it's not going shit.

I mean other than being up over 100% from when most people got in .004 - .005

If yall don't want to wait for catalysts R/M plays aren't for you, or take out your investment and let free shares ride. These things only move on specific news, not great for scalping. 

The reason and risk/reward for getting into PFMS is if you think Samtrade is going to move in without a R/S. If they do you're going to make good money, if they R/S or back out it's going back into the low .00s

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