In the most up-to-date penny stocks to watch, You know I have picked Options media group holdings (OPMG) which is supported by adolescent celebrity Justin Bieber who promoted the holdings product Drive Safe anti-texting while driving operating system usage suite.
When the news was released, OPMG stock price skyrocketed from 1 cents to 4 cents a share. This could also be due to the truth which Justin has revealed the information on his fb consideration with 27 million fans who went on to permeate the news additional.
Having said that, according to Timothy Sykes, the #1 investor on covestor, he believes that OPMG is an exciting penny stocks to watch since it looks prefer yet another pump and dump penny inventory since it has over 50 financings in 24 weeks with merely $97,000 in money 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 inventory at $0.01 per give or a complete of 16.4% of the Manufacturer“, and additionally including royalties for each and every piece of operating system the producer sold. Although the product has been available for sometime, it has been crafting deficits as documented in the SEC filings.
So the current surge in OPMG share price can additionally be due to penny inventory promoter at joenoelstocks.com, that in accordance to Timothy Sykes, which Rising Development Research, LLC was due to 4 thousands and thousands of OPMG shares in their disclaimer.
As it is possible to check from the financial statement, OPMG is regarding to go straight down before Justin Biber and with several financings performed previously, it can be very difficult for the stock cost to photograph up additional because many insiders with shares to trade could exploit this good chance to take back their income.
Using yearly deficits of $10 million and solutions that possess not demonstrated itself, could you make investments in options media group holdings which is desiring to access $5 million to stay operational?
Yet again, doing so may be a good penny stocks to watch because it is still doable to generate income from OPMG, but do not hold it long, search out breakout in particular if popular stock promoter buzz issues up. Do check out how Timothy Sykes helps make income regardless if the penny stock is going up or down.