Recently, there is a great penny stocks to watch and that will be Options media group holdings (OPMG) which is supported by young celebrity Justin Bieber who promoted the product “Drive Safe anti-texting while driving” application software.
When the information was released, OPMG stock price tag skyrocketed from 1 cents to 4 cents per share. Doing so could also be owing to the truth which Justin has shared the information on his facebook consideration with 27 million fans who went on to diffuse the news further.
Nonetheless, according to Timothy Sykes, the #1 dealer on covestor, he believes which OPMG is an interesting penny stocks to watch since it appears to be like like a different pump and dump penny stock because it has more than 50 financing in 24 months using merely $97,000 in funds and losses of $10 million dollars.
In the SEC filings for options media group holdings on 16 May, Justin Bieber was given “121,160,749 shares of typical stock at $0.01 per give or a complete of 16.4% of the Producer”, and also which includes royalties for each piece of application the manufacturer sold. Though the product has been available for sometime, it has been building losses as noted in the SEC filings.
So the recent surge in OPMG give price can also be due to penny stock promoter at joenoelstocks.com, which in accordance to Timothy Sykes, which Rising Development Research, LLC was given 4 thousands and thousands of OPMG shares in their disclaimer.
As it is easy to check from the financial statement, OPMG is about to go down earlier than Justin Biber and with so many financing carried out previously, it should be difficult for the stock selling price to photograph up additional since many insiders with stocks to trade will draw on doing so great chance to take back their cash.
With yearly deficits of $10 million and products which have not demonstrated itself, will you invest in options media group holdings which is desiring to access $5 million to reside operational?
Once more, doing so might be a excellent penny stocks to watch because it is outstanding feasible to generate cash from OPMG, but do not maintain it long, search out breakout in particular if popular stock promoter hoopla issues up. Do check out how Timothy Sykes can make cash irrespective if the penny stock is going up or lower.
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