Tag: PTN

PLUG, LATF, REDG & Extended Watchlist

Plug Power, Inc. PLUG

We first mentioned PLUG back on Feb. 15th, at which time the stock was trading at around .125.  It made a 27% run to .1592, followed by a dip to as low as .1155. After including it in yesterday morning’s extended watchlist we saw the stock to run another 54% to a high of .1781.

For a period of under two weeks, we find cumulative gains of 81% to be more than acceptable.
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Latteno Food Corp. LATF

On February 4th LATF was added to our watchlist of marijuana stocks for 2013, and we sent out another reminder to watch this play on the 26th. What we’ve seen since those reports were published is nothing short of an epic spike, to the tune of 900% Starting out from a low of .023 following our initial mention, LATF touched a high of .23 yesterday.

We continue to keep an eye on all of our tracked marijuana stocks in 2013, and with its recent performance, LATF has certainly earned the right of inclusion in that group.
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Red Giant Entertainment Inc. REDG

Another winner from yesterday’s publication, REDG found a low of .075 before shooting as high as .15 on monster volume (roughly 79M shares) for a single-session spike of 100%

We definitely want to continue to keep an eye on a stock that has this much momentum.

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Extended Watchlist:
ENSL, SWRF, VHGI, SUNB, ORFG, PTN, OPXA,

ACGX | Alliance Creative Group, Inc | This Morning’s Focus

Alliance Creative Group, Inc. ACGX

We first began coverage of ACGX back on November 1st, and on that same day, we saw a low of .01, before the stock surged to .0179 prior to a .0145 close.

Since that time it has been bouncing around between a penny and .0175, as it seems flippers are having a grand old time buying near a penny, and flipping out for quick gains of up to 50-75% and as a result the stock is trading in a fairly tight channel. The 100DMA of .0178 is the key resistance at the top of said channel, while the 20DMA of .0119 seems to be the support level.

Once these flippers are churned out, and the resistance is broken, we think ACGX has a good chance of breaking out and perhaps seeing even a triple-digit gain.

The positive news released this morning is very encouraging, alluding to easier times ahead with regard to the interest owed on the company’s debt. The change in banks will allow for more financial freedom for ACGX, which in turn could translate to added value on the stock.

 


Alliance Creative Group (ACGX) Agreed to Amendment and Extension with Largest Debt Holder


Company Also Changes Banking Relationship to Increase Credit Line while Reducing Interest Rate

CHICAGO, Nov. 8, 2012 /PRNewswire via COMTEX/ — Alliance Creative Group, Inc., (http://www.AllianceCreativeGroup.com) (Stock Symbol: ACGX.pk) is pleased to announce that it has come to terms with its largest debt holder, Golden State Equity Investors, Inc. The parties have amended the terms of the convertible debenture and warrant agreement to settle on all old interest payments, reduce the future interest rate and extend the agreement for 5 years to 2017.

As of October 30, 2012 the Balance on the Prior Advance was $243,123 and the balance on the debenture was $141,812. The old interest rate on the debenture was 7.75%, the new rate will be 3.75%. Upon the exercise of its conversion rights under the debenture Golden State can convert to common shares at a rate of 80% of the past 3 day trading average price. Additionally, as long as the company is not in default of this agreement by June 30, 2013 the judgment against the former CEO, Paul Sorkin, will be deemed to be satisfied in full.

The Company has also changed banks from Centrust, a small local bank, to RBS Citizens, a very large international bank. The change was to help consolidate liabilities while reducing the interest rate significantly and increasing its lending limits.

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Extended Watchlist:

STLK, CGRA, PTN, MTSL, VIZS