Tuesday, February 26, 2008
Get Your Lotto Tickets - HCPC, BUNM, BKMP
It looks like lotto season again in the penny stock market!
When talking about HCPC yesterday I said " If the company can ever follow through with its business plan as well as a proposed stock repurchase program the $.0001's would be a distant memory." Sure enough this afternoon HCPC looks to have taken its first big step toward following through on their business plan and just as I predicted the $.0001's were bought up quickly and the $.0002's followed. I don't expect the $.0002's to last very long at the open tomorrow. Actually if the company finally does start buying back shares this stock could be trading at $.001 or better come next week. That is a bold prediction but HCPC seems to have the momentum and the story that every penny stock craves. How many times have you seen a stock trading at $.0001 get over $11 million in financing? It is unheard of and it likely isnt the last we'll hear as additional financings are in the works.
Here is a snippet of today's pr:
WILMINGTON, Del., Feb 26, 2008 /PRNewswire-FirstCall via COMTEX/ -- Heritage Capital Credit Corporation (Pink Sheets: HCPC) today announced the closing of two financings totaling $11.1 million for its BCLOC Program.
The first transaction was for $808,000.00, which closed on February 22, 2008. This included a separate $234,000 renovation loan for a small hotel. The funding for this hotel will commence upon the first construction draw for renovation.
The second transaction for the commercial office building closes in two phases. The first phase closed today for $10,307,000. The second phase is for $5,500,000, which was arranged by the Company through an independent third party lender. The funding is scheduled to commence on March 7, 2008.
Both loans were closed as part of the BCLOC Program.
Weekly updates on the status of the BCLOC Program are provided on the website: http://www.independentcapitalcreditcorp.com. The information will include new financing that enter the pipeline and progress reports.
But remember that HCPC does have billions of shares outstanding. This could be a hurdle that could slow the momentum of the stock down. It should be an interesting one to follow the next month or two.
Another lotto play that has yet to pop is BUNM - Burned Media. The company has issued a few promising news releases the past couple weeks and volume has been sporadic at best. Their main site http://www.hypster.com/ just surpassed the 250,000 member mark as I type. This is a very big milestone that will likely be pr'd. Also members = value as far as the site is concerned and prospective purchasers of the property. The site has really taken off since last spring and its growth seems to be ongoing. The company has acquired other sites to add to its portfolio. The bottom line is the company is growing and its sites are growing. The stock has just lacked attention recently. There are currently no bids on the stock and the ask is at $.0001. A little buying pressure should move this stock like it has in the past. The stock has gone from .0001 to .0005 on two occasions already. Could this be the 3rd time?
BKMP looks to join the lotto foray by issuing a shareholder update today. With at least 14 billion shares outstanding it would take a monumental buying effort to lift this stock. I'd be surprised if it ever got a bid back, but stranger things have happened.
SMAS, GEGP, ICBM are others that might attract some auxiliary attention tomorrow and the next few days.
Get those lotto tickets, all you need is a few dollars and a dream, of course remember that you could lose your entire investment. These lotto plays are the riskiest plays, but also can be the most lucrative.
Have a green Wednesday and stop by our web sites:
http://www.pennystockforum.net/
http://www.pennystockforums.net/
When talking about HCPC yesterday I said " If the company can ever follow through with its business plan as well as a proposed stock repurchase program the $.0001's would be a distant memory." Sure enough this afternoon HCPC looks to have taken its first big step toward following through on their business plan and just as I predicted the $.0001's were bought up quickly and the $.0002's followed. I don't expect the $.0002's to last very long at the open tomorrow. Actually if the company finally does start buying back shares this stock could be trading at $.001 or better come next week. That is a bold prediction but HCPC seems to have the momentum and the story that every penny stock craves. How many times have you seen a stock trading at $.0001 get over $11 million in financing? It is unheard of and it likely isnt the last we'll hear as additional financings are in the works.
Here is a snippet of today's pr:
WILMINGTON, Del., Feb 26, 2008 /PRNewswire-FirstCall via COMTEX/ -- Heritage Capital Credit Corporation (Pink Sheets: HCPC) today announced the closing of two financings totaling $11.1 million for its BCLOC Program.
The first transaction was for $808,000.00, which closed on February 22, 2008. This included a separate $234,000 renovation loan for a small hotel. The funding for this hotel will commence upon the first construction draw for renovation.
The second transaction for the commercial office building closes in two phases. The first phase closed today for $10,307,000. The second phase is for $5,500,000, which was arranged by the Company through an independent third party lender. The funding is scheduled to commence on March 7, 2008.
Both loans were closed as part of the BCLOC Program.
Weekly updates on the status of the BCLOC Program are provided on the website: http://www.independentcapitalcreditcorp.com. The information will include new financing that enter the pipeline and progress reports.
But remember that HCPC does have billions of shares outstanding. This could be a hurdle that could slow the momentum of the stock down. It should be an interesting one to follow the next month or two.
Another lotto play that has yet to pop is BUNM - Burned Media. The company has issued a few promising news releases the past couple weeks and volume has been sporadic at best. Their main site http://www.hypster.com/ just surpassed the 250,000 member mark as I type. This is a very big milestone that will likely be pr'd. Also members = value as far as the site is concerned and prospective purchasers of the property. The site has really taken off since last spring and its growth seems to be ongoing. The company has acquired other sites to add to its portfolio. The bottom line is the company is growing and its sites are growing. The stock has just lacked attention recently. There are currently no bids on the stock and the ask is at $.0001. A little buying pressure should move this stock like it has in the past. The stock has gone from .0001 to .0005 on two occasions already. Could this be the 3rd time?
BKMP looks to join the lotto foray by issuing a shareholder update today. With at least 14 billion shares outstanding it would take a monumental buying effort to lift this stock. I'd be surprised if it ever got a bid back, but stranger things have happened.
SMAS, GEGP, ICBM are others that might attract some auxiliary attention tomorrow and the next few days.
Get those lotto tickets, all you need is a few dollars and a dream, of course remember that you could lose your entire investment. These lotto plays are the riskiest plays, but also can be the most lucrative.
Have a green Wednesday and stop by our web sites:
http://www.pennystockforum.net/
http://www.pennystockforums.net/
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