In the most current penny stocks to watch, I have chosen Options media group holdings (OPMG) which is supported by youngster celebrity Justin Bieber who promoted the holdings product Drive Safe anti-texting even though zipping software usage suite.
When the information was released, OPMG stock price tag shoot through the roof from 1 cents to 4 cents per share. This might also be due to the fact which Justin has shared the news on his fb account using 27 million followers who resolved to go on to spread the information additional.
Nevertheless, in accordance to Timothy Sykes, the #1 trader on covestor, he believes that OPMG is an exhilarating penny stocks to watch since it appears to be like like yet another pump and dump penny stock because it has more than 50 financings in 24 weeks using just $97,000 in notes and deficits 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 common inventory at $0.01 per give or a total of 16.4% of the Producer“, and also which includes royalties for each and every piece of software the manufacturer sold. Though the product has been available for sometime, it has been building losses as documented in the SEC filings.
So the recent surge in OPMG give selling price can additionally be due to penny inventory promoter at joenoelstocks.com, which in accordance to Timothy Sykes, which Emerging Progress Research, LLC was due to 4 thousands and thousands of OPMG shares in their disclaimer.
As one can check from the financial statement, OPMG is regarding to go lower before Justin Biber and with so many financings performed previously, it can be difficult for the stock price to photograph up more since quite a few insiders with stocks to retail could apply this wonderful opportunity to take again their income.
Using yearly losses of $10 million and products which have not proven itself, should you make investments in options media group holdings which is looking to access $5 million to stay operational?
Once again, doing so may be a good penny stocks to watch since it remains possible to make cash from OPMG, but do not hold it long, search out breakout in particular if popular stock promoter hoopla points up. Do check out how Timothy Sykes helps make money irrespective if the penny stock is going up or lower.