In the latest penny stocks to watch, You know I have chosen Options media group holdings (OPMG) that is supported by youngster celebrity Justin Bieber who make famous the company product Drive Safe anti-texting whilst zooming device control software usage suite.
Once the information was released, OPMG stock selling price shoot through the roof from 1 cents to 4 cents a share. Doing so could additionally be due to the truth that Justin has shared the news on his facebook account with 27 million fans who resolved to go on to imbue the news further.
Nonetheless, according to Timothy Sykes, the #1 investor on covestor, he believes that OPMG is an exhilarating penny stocks to watch since it appears to be like like a different pump and dump penny inventory since it has more than 50 financings in 24 weeks using merely $97,000 in funds and deficits of $10 million dollars.
In the SEC filings for options media group holdings on 16 May, Justin Bieber was due to “121,a hundred and sixty,749 shares of typical inventory at $0.01 per share or a total of 16.4% of the Manufacturer“, and also including royalties for every piece of middleware the producer sold. Although the product has been available for sometime, it has been creating losses as reported in the SEC filings.
So the current surge in OPMG share selling price can also be owing to penny inventory promoter at joenoelstocks.com, which according to Timothy Sykes, that Emerging Growth 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 concerning to go straight down before Justin Biber and using a lot financings performed previously, it could be hard for the inventory price to photograph up additional because a lot of insiders with shares to trade can utilize this stellar option to consider back their income.
With yearly losses of $10 million and items that possess not proven itself, could you make investments in options media group holdings which is wanting to borrow $5 million to live operational?
A second time, this might be a good penny stocks to watch since it is still achievable to make cash from OPMG, but do not maintain it long, search out breakout especially if famous stock promoter hoopla details up. Do check out how Timothy Sykes can make money irrespective if the penny stock is heading up or lower.