Start Scientific Inc (OTCMKTS:STSC) Is Today’s Penny Stock Focus
https://insiderfinancial.com/start-scientific...tock-focus
ByJarrod WessonPosted on December 15, 2017
SHARE TWEET SHARE EMAIL COMMENTS
Today, we need to talk about one of the biggest share price jumps that occurred recently in the small cap universe. The company is called Start Scientific Inc (OTCMKTS:STSC).
It excited the market by releasing that OmniElite Holdings LLC had acquired securities providing it 75.60% of the voting rights.
Market participants in several social media websites claimed that a merger with OmniElite Holdings LLC could occur soon. The iHub forum provided a lot of materials. We understand the business rationale of the market.
If OmniElite acquired such a large stake because it would execute a reverse merger with STSC, a transaction of this kind would be very beneficial for Start Scientific Inc., as the company would acquire new assets, and a new business model.
However, in this article, we will see that there are many points that both OmniElite and STSC will need to address, which include the buyer beware symbol that the company shows in its OTC Markets profile, and the filing of its financial statements. Additionally, in this article, we will assess how OmniElite has acquired 75.60% of the voting right and what are the chances of executing a merger.
Start Scientific Inc OTCMKTS:STSC from http://www.oefinancial.com
Company Logo from http://www.oefinancial.com
Have a look at the share price reaction before we provide more details about STSC. From $0.0001, the share price went up to $0.001 in a two days period. But, that’s not the most interesting.
We believe that the most remarkable is that market interest in the stock seems to be back, as the trading volume also spiked quite a bit. Some days more than 200 million shares changed hands. Check out the following stock chart:
Two months stock chart for Start Scientific Inc OTCMKTS:STSC
2 months chart for STSC
Business of Omni Elite
Let’s assess the company that seems to be merging with STSC. It will help understand the new businesses, in which the company will be involved in the future.
Omnielite Holdings LLC is a holding company providing venture capital services. It is based in Carson City, Nevada, and was founded on May 23, 2012.
The following are the projects on which the company is working right now:
– Re:boot Coding: it is a nine week boot camp that helps students become front-end web developers. The company prepares individuals to a work in tech environment.
– Chaveta: it is a hotel located on the 7th Avenue in Historic Ybor City in Tampa, South Florida. It is featured “as one part boutique hotel, one part commercial office space,” with also a Cuban dining and retail space, including its own in-house cigar roller.
– Zoo Nightclub: it is a club also in Historic Ybor City in Tampa, Florida, but with plans to open up franchises in Miami, Las Vegas, California, and New York. It combines a “jungle-like decor with cirque style performances and one-of-a-kind custom characters unique to the Zoo Nightclub brand.”
The stake in STSC
On November 2, 2017, the company sold to Omnielite Holdings LLC preferred stock, which is not convertible into common stock, but that it provides 1,000,000,000 voting rights, which represents 75.60% of the vote. This means that OmniElite now “controls the election of the Board and other substantive matters requiring approval of the Company’s stockholders.”
We believe that the corporate move is brilliant. Omnielite Holdings now controls a public company, which will provide the group access to financial markets, cheap financing as well as recognition. In addition, if the company is interested in acquiring other companies or in selling divisions, it will be easier now.
What can happen now?
OmniElite controls the company, but it did not note that a reverse merger was going to be executed. In our opinion, Omnielite needs to communicate to the market that it will merge its companies with STSC.
We believe that if the market receives this information, the share price could increase even more.
Why?
Because it will mean that STSC will receive new assets and liabilities and the company will grow inorganically. Additionally, the company will become bigger, which will be appreciated by stock and debtholders making the intrinsic value of the shares increase.
Until the Beware symbol is not removed, we cannot touch the shares
Even if the company releases fantastic information about its new ventures, we need to stay vigilant. The OTC Markets has designated the stock as “Caveat Emptor” as of November 30, 2017.
What does it mean?
The exchange noted in this way that “there may be reason to exercise additional care and perform thorough due diligence before making an investment decision in that security.” The company may be involved in promotion activities without correctly disclosing adequate information or any other activities not accepted by the exchange.
We believe that the company will need to contact the exchange in the next month to solve this issue. It will also help understand what’s going on in a press release.
In any case, until the symbol is not removed, we encourage readers to stay away from this stock. Following the news may be good practice, but don’t touch the shares.
Conclusion
Currently trading with a market cap of $0.1 million, STSC is an interesting story among small caps. It seems that the company is making good strategic decisions to boost growth in 2018, but we believe that many issues need to be addressed.
In addition to the Caveat Emptor symbol, the company needs to commence issuing its financial statements for previous quarters. This practice will help the company draw interest from more market participants, which we appreciate.
To sum up, STSC is working in the right direction, but there is still a lot of work to do!
https://insiderfinancial.com/start-scientific...tock-focus
ByJarrod WessonPosted on December 15, 2017
SHARE TWEET SHARE EMAIL COMMENTS
Today, we need to talk about one of the biggest share price jumps that occurred recently in the small cap universe. The company is called Start Scientific Inc (OTCMKTS:STSC).
It excited the market by releasing that OmniElite Holdings LLC had acquired securities providing it 75.60% of the voting rights.
Market participants in several social media websites claimed that a merger with OmniElite Holdings LLC could occur soon. The iHub forum provided a lot of materials. We understand the business rationale of the market.
If OmniElite acquired such a large stake because it would execute a reverse merger with STSC, a transaction of this kind would be very beneficial for Start Scientific Inc., as the company would acquire new assets, and a new business model.
However, in this article, we will see that there are many points that both OmniElite and STSC will need to address, which include the buyer beware symbol that the company shows in its OTC Markets profile, and the filing of its financial statements. Additionally, in this article, we will assess how OmniElite has acquired 75.60% of the voting right and what are the chances of executing a merger.
Start Scientific Inc OTCMKTS:STSC from http://www.oefinancial.com
Company Logo from http://www.oefinancial.com
Have a look at the share price reaction before we provide more details about STSC. From $0.0001, the share price went up to $0.001 in a two days period. But, that’s not the most interesting.
We believe that the most remarkable is that market interest in the stock seems to be back, as the trading volume also spiked quite a bit. Some days more than 200 million shares changed hands. Check out the following stock chart:
Two months stock chart for Start Scientific Inc OTCMKTS:STSC
2 months chart for STSC
Business of Omni Elite
Let’s assess the company that seems to be merging with STSC. It will help understand the new businesses, in which the company will be involved in the future.
Omnielite Holdings LLC is a holding company providing venture capital services. It is based in Carson City, Nevada, and was founded on May 23, 2012.
The following are the projects on which the company is working right now:
– Re:boot Coding: it is a nine week boot camp that helps students become front-end web developers. The company prepares individuals to a work in tech environment.
– Chaveta: it is a hotel located on the 7th Avenue in Historic Ybor City in Tampa, South Florida. It is featured “as one part boutique hotel, one part commercial office space,” with also a Cuban dining and retail space, including its own in-house cigar roller.
– Zoo Nightclub: it is a club also in Historic Ybor City in Tampa, Florida, but with plans to open up franchises in Miami, Las Vegas, California, and New York. It combines a “jungle-like decor with cirque style performances and one-of-a-kind custom characters unique to the Zoo Nightclub brand.”
The stake in STSC
On November 2, 2017, the company sold to Omnielite Holdings LLC preferred stock, which is not convertible into common stock, but that it provides 1,000,000,000 voting rights, which represents 75.60% of the vote. This means that OmniElite now “controls the election of the Board and other substantive matters requiring approval of the Company’s stockholders.”
We believe that the corporate move is brilliant. Omnielite Holdings now controls a public company, which will provide the group access to financial markets, cheap financing as well as recognition. In addition, if the company is interested in acquiring other companies or in selling divisions, it will be easier now.
What can happen now?
OmniElite controls the company, but it did not note that a reverse merger was going to be executed. In our opinion, Omnielite needs to communicate to the market that it will merge its companies with STSC.
We believe that if the market receives this information, the share price could increase even more.
Why?
Because it will mean that STSC will receive new assets and liabilities and the company will grow inorganically. Additionally, the company will become bigger, which will be appreciated by stock and debtholders making the intrinsic value of the shares increase.
Until the Beware symbol is not removed, we cannot touch the shares
Even if the company releases fantastic information about its new ventures, we need to stay vigilant. The OTC Markets has designated the stock as “Caveat Emptor” as of November 30, 2017.
What does it mean?
The exchange noted in this way that “there may be reason to exercise additional care and perform thorough due diligence before making an investment decision in that security.” The company may be involved in promotion activities without correctly disclosing adequate information or any other activities not accepted by the exchange.
We believe that the company will need to contact the exchange in the next month to solve this issue. It will also help understand what’s going on in a press release.
In any case, until the symbol is not removed, we encourage readers to stay away from this stock. Following the news may be good practice, but don’t touch the shares.
Conclusion
Currently trading with a market cap of $0.1 million, STSC is an interesting story among small caps. It seems that the company is making good strategic decisions to boost growth in 2018, but we believe that many issues need to be addressed.
In addition to the Caveat Emptor symbol, the company needs to commence issuing its financial statements for previous quarters. This practice will help the company draw interest from more market participants, which we appreciate.
To sum up, STSC is working in the right direction, but there is still a lot of work to do!
Start Scientific, Inc. (STSC) Stock Research Links
Disclaimer:
There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
As used herein, the terms "You" and "Your" shall mean you, individually, the reader, and each other party on whose behalf you may use the contained information at any time.
All references to "My", "I", and “The writer of the above post” shall refer to the creator.
Do NOT invest unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges.
There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. I assume no responsibility for your trading and investment results. You should NOT rely on the information in the above post to make any decision or take any action.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are OPINION and NOT fact and are for entertainment purposes only. Do your own research and make your own decisions based on your own conclusions.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are NOT advice. It is your responsibility to seek investment advice during all stages of your investments. It is your responsibility to evaluate the accuracy, completeness and usefulness of the information in all and any posts.
My posts are NOT investment advice. I am not paid to post.
The writer of the above post shall NOT accept any liability for the accuracy or completeness of the information contained in the above post, for any reliance placed by any person on the information contained in the above post, or for any damage or loss, however caused, in connection with the use or reliance on any information contained in the above post.
The above post may contain links to websites owned and operated by third parties.
YOU ACCESS ALL LINKS ENTIRELY AT YOUR OWN RISK.
There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
As used herein, the terms "You" and "Your" shall mean you, individually, the reader, and each other party on whose behalf you may use the contained information at any time.
All references to "My", "I", and “The writer of the above post” shall refer to the creator.
Do NOT invest unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges.
There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. I assume no responsibility for your trading and investment results. You should NOT rely on the information in the above post to make any decision or take any action.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are OPINION and NOT fact and are for entertainment purposes only. Do your own research and make your own decisions based on your own conclusions.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are NOT advice. It is your responsibility to seek investment advice during all stages of your investments. It is your responsibility to evaluate the accuracy, completeness and usefulness of the information in all and any posts.
My posts are NOT investment advice. I am not paid to post.
The writer of the above post shall NOT accept any liability for the accuracy or completeness of the information contained in the above post, for any reliance placed by any person on the information contained in the above post, or for any damage or loss, however caused, in connection with the use or reliance on any information contained in the above post.
The above post may contain links to websites owned and operated by third parties.
YOU ACCESS ALL LINKS ENTIRELY AT YOUR OWN RISK.
