NEW TRADE ALERT -- PICK IS: Vendum Batteries
Post# of 1442
Vendum Batteries Inc. (VNDB)
Business Description
Vendum Batteries has a pending patent on a non-toxic, carbon-based light-weight battery. The paper-thin battery contains none of the toxic elements used in conventional batteries and its cutting edge carbon nanotube and cellulose-based technology makes it entirely biodegradable. The Vendum Battery will be developed from its current low power capacity, to soon accommodate the ever-increasing global demand for durable battery power for cell phones, iPods, gadgets, human implants and eventually electrical vehicles etc. Americans purchase around 5 billion batteries, leaving 146,000 tons of battery waste behind, and given that the worldwide personal battery use is a growing $63 billion industry, the potential of this revolutionary non-toxic technology could be enormous.
Contact Info
- 400 Thames Valley Park Drive
- Reading
- Berkshire RG6 1PT
- United Kingdom
Share Structure
| Market Value 1 | $2,357,705 | a/o Sep 06, 2012 |
| Shares Outstanding | 523,934,496 | a/o Aug 13, 2012 |
| Float | Not Available | |
| Authorized Shares | 750,000,000 | a/o Feb 02, 2011 |
This pick has dropped from 07c to bottom at 0022. Its come off the bottom nicely that past few days, and has traded & held the 004 range for several days now. We see the chart indicators that bottom is def in, and the retrace has started.
The chart is showing some very BULLISH indicators for a BREAKOUT set up here.
http://stockcharts.com/h-sc/ui?s=vndb
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