Unique Pizza & Subs Corp. UPZS
We first put UPZS on our watchlist on August 15th, at which time the stock was trading as low as .051. Friday, we saw a high of .13, making gains of 155% possible over that range. Yesterday the stock settled at .08, its lowest price since August 17th. The pullback served us up an opportunity to catch a bounce, or an entry for those that missed that first run. We’ve seen some additional newsletters covering this play as well, so we expect to see even more interest coming in on UPZS.
Today the company released some news regarding the progression of a previously mentioned LOI into a Definitive Agreement. Its all too often that we see companies on the penny market announce an LOI, and then fail to execute. That does not appear to be the scenario with UPZS.
Unique Pizza Signs Definitive Agreement to Acquire Pizza Fusion; Deal to Capitalize on Synergies With Pizza Fusion’s Organic Sector Leadership and Global Growth Business Plan
PITTSBURGH, PA, Aug 29, 2012 (MARKETWIRE via COMTEX) — Unique Pizza and Subs Corporation (PINKSHEETS: UPZS) today announced that it has signed a Definitive Agreement to acquire privately held Pizza Fusion Holdings, with closing expected by the end of the third calendar quarter. Pizza Fusion will become a wholly owned subsidiary of the parent company Unique Pizza and Subs. The Company announced on March 2 it had signed a binding LOI for the transaction.
The business combination capitalizes on Pizza Fusion’s acclaimed organic menu offering, eco-friendly practices, sector leadership position and global growth business plan. Further, it brings together and leverages Unique Pizza’s highly cost effective franchise business model, which enables the prolific roll up and rebranding of existing ‘mom & pop’ pizza restaurants under the Unique Pizza and Subs brand.
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Renuen Corp. RENU
We are still waiting on execution of an LOI announced by RENU in late July. The stock had another strong trading session yesterday, hitting its highest point that we’ve seen in three months. RENU hit a high of .006, and closed at .0059, a gain of 300% off its .0015 bottom that we observed at the end of July.
The way that the stock has been performing time and again, is what keeps us coming back to RENU.
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American Diversified Holdings Corp. ADHC
ADHC, our momentum alert from yesterday had a heck of a performance, dipping as low as .0063, before running as high as .0105, for an intraday gain of 67% The stock continued to pick up volume, trading 3 million more shares than the previous day.
We’ll continue to watch for added momentum today.
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