Its nice to see the OTC/Pinksheet market have some life recently. September seemed to be a really slow month, which contradicted the old adage that the market picks up after Labor Day. October was better and now November–Things are in full swing. With summer vacations a distant memory, cooler weather, longer nights…the hobby of “investing” is back! Who doesn’t want to try and make some extra coin before the holidays? So lets look at 3 penny stocks that ripped today:
- $TVIAQ TerraVia Holdings Inc closed at 0.015 +0.0098 (+188.46%) on 10,696,589 shares traded
- $PROP Pledge Petroleum Corp. closed at 0.02 +0.0123 (+159.74%) on 2,782,585 shares traded
- $PTOP Peer to Peer Network closed at 0.0008 +0.0004 (+100.00%) on 99,642,525 shares traded
$TVIAQ TerraVia Holdings Inc could be much much bigger than SOUP they say… TVIAQ is said to have $118m in assets, $60m in Cash and $25m in Sales. Share structure of 225m Authorized Shares with only 108m Outstanding Shares with an 80m Float. The company is said to have large partnerships, (Bulge & Unilever) both $50b companies…and a potential partnership with Corbion, who paid $20m in cash for IP, and kept Terravia’s website with direct link to Corbion’s. The 52 week high is $2.45 and was only delisted from the Nasdaq in August.
ABMN recently gave it a target of $1.50 a share. https://www-americanbankingnews-com.cdn.ampproject.org/c/s/www.americanbankingnews.com/2017/10/31/versum-materials-vsm-versus-terravia-holdings-tvia-financial-analysis.html/amp
About Terravia Holdings
Solazyme, Inc. creates renewable oils and bioproducts. The Company’s technology uses microalgae in an industrial fermentation process to transform a range of plant-based sugars into triglyceride oils and other bioproducts. The Company offers Algenist, a skin and personal care product available at Sephora S.A. and its affiliates, QVC, Inc., SpaceNK Limited, select Nordstrom stores and ULTA Beauty. It offers intermediates/ingredients, such as Tailored oils, powdered oils, and other closely related products targeted at customers in the industrial products, food products and personal care products markets. The Company’s commercial focus is to sell oils, encapsulated oils and whole algal powdered products to companies that use them as intermediates and ingredients
Solazyme, Inc. creates renewable oils and bioproducts. The Company’s technology uses microalgae in an industrial fermentation process to transform a range of plant-based sugars into triglyceride oils and other bioproducts. The Company offers Algenist, a skin and personal care product available at Sephora S.A. and its affiliates, QVC, Inc., SpaceNK Limited, select Nordstrom stores and ULTA Beauty. It offers intermediates/ingredients, such as Tailored oils, powdered oils, and other closely related products targeted at customers in the industrial products, food products and personal care products markets. The Company’s commercial focus is to sell oils, encapsulated oils and whole algal powdered products to companies that use them as intermediates and ingredients
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$PTOP Peer To Peer Network whom many feel is just a shell was moving today on rumors that a Reverse Split was cancelled. While look on OTCMarkets.com, we found no recent articles or filings. The last 8K was that of the addition of CEO James Bento on January 11, 2017, replacing Christopher Esposito and Mr. Bento’s $6750/month cash salary. Volume was much stronger earlier in the trading session and died down. An investor’s hangout member posted a video chart stating ” Look for the “Blue Sky” breakout at .0014… unfortunately it only hit .0013 (big gains) but closed at 0.0008. Unless there is legit news, this MOMO may be short lived.
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$PROP Pledge Petroleum Corp just so happens to be 51% owned by Roman Abramovich, a Russian billionaire businessman, investor, and politician. Abramovich is the primary owner of the private investment company Millhouse LLC, and is best known outside Russia as the owner of Chelsea Football Club, a Premier League football club. According to Forbes 2016 billionaire list, Abramovich’s net worth was US$7.6 billion, making him the 13th-richest person in Russia, and the 151st richest person in the world.
That is wonderful and all, but why the sudden volume and pps (price per share) increase? Well the company is also said to have about $9m in cash and only $1m in liabilities. Well we have had no news in over a year, but a recent 10Q that was released on October 17th. In the 10Q is states with the even though they have $9m cash on hand, which is sufficient to meet current expenses for at least the next twelve month period, however the Board of Directors are considering various options as to the future direction of the Company, including the possible sale of its technology and PPT assets. The Company formed a special committee to investigate a possible share buyback of the majority stockholder, Ervington Investments, and/or a possible sale of the assets of the Company. It does sound as if the company is leaking money being in the petroleum business and depending on the direction from the Board, they may be in fact interested in pursuing a different business focus. That is always grounds for anticipation of a merger or an acquisition, but the additional volume and price increase could simply be a number of things today. 1) speculation, 2) if you look at the chart, the company surged after the 10Q release in mid October and has slid the past 2-3 weeks… possibly oversold, creating a buy opportunity or 3) pumper pumping thin stocks looking to scalp other momentum traders. For those that are long… I am sure they are betting on the company looking to put that $9m into a business within a hotter space such as cryptocurrency or CBD oil and away from exploration.
Disclosure: PSInvestor holds NO position in any of the above mentioned companies.
