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Author: Janice Shell

Dana Resources: From mining to nothing to bottled water

    Dana Resources (DANR), a moribund public shell that hadn't attracted serious interest in years, suddenly hit traders' radar screens when, on 26 August, it filed an 8-K announcing new management and a new business plan.  In an abrupt change of direction, DANR, which when last...

Bayside Corp: From no revenues, no cash, to billions?

After the bell on 23 July, 2013, Bayside Corp. (BYSD) made an extraordinary announcement.  It claimed that “the company has been awarded a purchase order to supply 3,600,000 Metric [sic] tons of heavy fuel oil exports annually.  Additionally, the order represents approximately $160,500,000 in gross...

What are DTC chills and locks, and how can they affect me?

by Janice Shell On 18 July, 2013, DTC slapped a global lock on Biozoom, Inc (BIZM), though it didn't get round to informing the public by putting a notice on its website until after the close on the next day.  Several brokerages did, however, hear about...

The SEC just suspended my stock! Now what?

       It happens to almost all penny players.  One morning you wake up, grab some coffee, and start checking your stocks, especially that very volatile issue that's been running big.  Pre-market Level II is looking good.  If all goes well, perhaps today will be the...

An introduction to SEC filings – Part II

  Once a private company files a registration statement with the SEC and completes the requirements for an exchange listing, it may list on a national exchange if it meets the exchange's requirements.  If it doesn't qualify, it may become eligible to trade on OTCMarkets'...

JUMT – an empty shell pumped on lies

  JUMT gets pumped Yesterday, Juma Technology Corporation (JUMT) soared 700%--from $0.0025 to $0.02—for no good reason.  On Monday, it hadn't traded at all, but last week saw fluctuating prices and significantly higher volume that the stock had enjoyed in a long time.  Frontloading, perhaps?     JUMT's recent chart...

An introduction to SEC filings – Part I

  Until the Securities Act of 1933 was passed by Congress, public companies had no official obligations to their investors or to the general public.  If they wished, they could publish and distribute periodic reports containing information about themselves, but there was no oversight by the...

TCPS: Breakthrough technology or smoke and mirrors?

    TechnoConcepts (TCPS) has been attracting attention of late, mostly thanks to message board buzz created by an aggressive unofficial promotion.  On Tuesday the 4th, it closed at its intraday high, up 25.71%, at $0.044.     The fun began on 16 May, when “$treet Trader”—beating “Estrella” to the...

The truth about naked short selling

  For the last ten years and more, the specter of naked short selling has hung over the penny stock community.  Or so some would have it.  Unfortunately, newcomers to the markets often turn first to message boards and conspiracy websites for information.  At those venues,...

OTC Stocks vs Exchange Listed Issues, Big Boards

OTC Stocks vs Exchange Listed Issues, Big Boards Some investors have only exchange-listed issues in their portfolios; no doubt many of them still use full-service brokerages.  That's how their parents did it.  But more and more people looking to the markets to supplement income and save...

The Financial Regulators – SEC, FINRA, and Penny Stocks

The Financial Regulators - SEC, FINRA, and Penny Stocks   There are three principal national financial regulators:  the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), and the U.S. Commodity Futures Trading Commission (CTFC).  The SEC is a federal agency; FINRA is private. ...

Understanding pennystocks and OTCMarkets Group

Understanding pennystocks and OTCMarkets Group Penny stocks are defined—for purposes of marginability—as non-exchange listed stocks trading under $5.  They may file periodic financial reports and other materials with the Securities and Exchange Commission (SEC) or not.  In the former case, they're generally called “OTCBB” stocks, for...

What are Stock Promotions / Stock Promoters ?

What are stock promotions / stock promoters? Stock promotions are, in the broadest sense of the term, a means of drawing attention to little-known, usually low-priced securities that would otherwise attract few investors.  For traders, they can create profitable plays; for investors, they're almost always deadly. Originally,...

What are Penny Stocks? A Brief History. The Good and the Bad.

What are penny stocks?   What are Penny Stocks? Penny stocks are the red-haired stepchild of our capital markets:  badly behaved, often unpredictable, and generally despised by securities regulators.  They're beloved by many traders, though, because their volatility and attractive pricing can, if the circumstances are right, make...