Just the mere mention of the magic buzzword “Bitcoin” can ensure a spike in a penny stock’s volume for at least a day or two.
3D Eye Solutions Inc. ( OTC Pink: TDEY ) stock volume soared Mar. 3, with 106,017,384 shares changing hands, twice as much as it three-month average volume of 53,468,058 shares.
The sudden uptick in volume seems to be tied to a shareholder update the Cheyenne, Wyo.-based 3D media company released Mar. 3, which announces the company’s entry into the elusive and murky digital Bitcoin arena and its progress in its search for a CEO.
Bitcoin and CEO Search
Here’s an excerpt:
“The company would like to further explain our expansion into the Bitcoin/Digital Currency marketplace.
The company is currently developing an untouched area of the Bitcoin marketplace. We will be fully updating our shareholders on the complete concept within a week. We are also in final negotiations with our finalist CEO, whom has more than 20 years senior level management experience in the software industry and ties to the Bitcoin arena.
3D Eye Solutions Inc. has embarked on the development of a proprietary cell phone application that will enable users to purchase, wallet and spend Bitcoins. This venture will be based on the usage of pre-paid cell phones as a platform and pre-paid phone cards for funding purchases. In conjunction the company is developing an RFID processing system to use at point of sale, which will revolutionize and simplify Bitcoin processing for merchants and consumers. The company believes this will bridge the gap in portability and ease of use. This has the potential to greatly increase the digital currency audience.”
On Mar. 3, TDEY’s share price closed at 0.0021 cents, down 0.0001 cents from its closing price of 0.0022 cents the previous day.
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New Boat Designs and Medical Marijuana
Meanwhile, Legends Business Group Inc. ( OTCPink: LGBS ) also experienced robust share volume Mar. 3, with 26,326,408 shares changing hands, significantly higher than its three-month average of 16,706,246 shares.
The sudden surge may be connected to a rambling Feb. 27 press release from the Henderson, Nev.-based company that tries unsuccessfully to nail down exactly what business it’s pursuing.
According to the release, Legends is working with its new joint venture partner to develop a business plan featuring new innovative boat designs to be built at its state of the art manufacturing facility.
At the same time, the company has been in open discussions with Cannabis companies that are in the medical marijuana field. “I believe the company is moving in the right direction, I am very excited to be working with people and companies that are industry leaders.” President of Legends Business Group Bill Schaefer said, in a written statement.
The company’s Web site like Legends itself is currently “under construction.” In its last financial filing dated Dec. 31, 2012, the company reported a $143,000 loss.
On Mar. 3, LGBS’s share price closed at 0.0012 cents, down 0.0002 cents from its closing price of 0.0014 cents the previous day.
Find out what could be the best investor’s move when it comes to LGBS by getting the complete report here , or by cutting and pasting the following link in your Web browser:
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Stock Volume and Share Price Cool Down
Latteno Food Corp. (OTC Pink: LATF) , another penny-stock company chasing the marijuana business, has seen its stock volume and share price cool down.
The company experience extremely high volume in mid-February that was most likely generated by the news that the acquisition company was picking up and moving its headquarters from Santa Anna, Calif. to Colorado Springs, Colo. to cash in on the medical marijuana gold rush.
Strategic Move
According to Feb. 12 release, the strategic move to Colorado will allow Latteno to capture a fast growing market through partnership and acquisitions. Latteno said it has contemplated the possibility of divesting current assets to concentrate solely on capturing and growing the medial marijuana business.
Latteno Food said at the time it was also prepared to establish a presence in Washington in anticipation of next wave in recreational use legalization.
Meanwhile the Latteno Food said it has forged partnerships with dispensaries and clinics in both Arizona and Nevada. Joint products development is underway as the company prepares to send representatives to field offices for further negotiations.
On Mar. 3, LATF share price closed at 0.007 cents, down 0.001 cents from its closing price of 0.008 cents the previous day.
Find out what could be the best investor’s move when it comes to LATF by getting the complete report here, or by cutting and pasting the following link in your Web browser:
http://www.sixfigurestockpicks.com
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