2009 March 31

Back in January PGYC was just your average sub-penny stock. You could have snapped up shares for well under a penny. Well those days are gone. PGYC hit $.10 on significant volume. We alerted PGYC well below a penny. I’m sure you wish you had some sub-penny PGYC shares now!

our blog post from January –

I usually shy away from stocks that have big runs because I think that their price appreciation has run its course and the stock is ready to sell-off. In penny stock land the sell-off usually is more painful than the rise in price, because supply at the top always wins out over demand on the way down. A penny stock run that lasted weeks or months can come to a crashing halt in a matter of days or even hours as promoters, company insiders, and the like rush to squeeze every last penny out of the stock before its inevitable demise. The defenseless retail investor who bought at the top on a tip from a “friend” is left to average down with his daughters college money thinking the stock will enjoy the type of gains it had in the past. We all know how that story ends.

With that being said there are numerous times where buying at the top can make you a lot of money. Take DLAV for example. DLAV – Dealer Advance was a dormant company and the stock was thinly traded before it ran from $.0004 to $.04+ a year or so ago. The run took at least a week with many, including yours truly, thinking the run was over with each new high the stock made. But it kept going and going and going. And those who sold out early were the ones crying later.

PGYC pops on the Pennystockguru radar because the chart is showing a sizable increase in volume with a nice pop in price. If I had to guess I say PGYC breaks $.01 tomorrow or Monday and the company releases some news soon. I don’t know this stock well this is all a hunch, but if you look at the chart you will see what I am talking about. This was a $.04 stock a few months back. I see at least $.01 if not $.02 or better within a week. Just a hunch, as is all of the posts here on this blog.

Happy trading.

2009 July 10


SPNG released not one but two press releases today. This stock refuses to quit. Wax on wax off.

Just remember that this was a sub-penny stock not long ago, and it will return to sub-penny levels much sooner than you think.

Both releases are below:

SpongeTech(R) Delivery Systems, Inc. Announces Acquisition of Dicon Technologies

SpongeTech(R) Acquires R&D Company Dicon Technologies

NEW YORK, Jul 09, 2009 (BUSINESS WIRE) — SpongeTech(R) Delivery Systems, Inc., America’s Cleaning Company(TM), (OTCBB: SPNG) is pleased to announce that the Company has acquired Dicon Technologies (“Dicon”), a company that specializes in research and development of products derived from hydrophilic urethane chemistry. The Board of Directors of SpongeTech(R) and Dicon have approved and completed the transaction. SpongeTech(R) acquired Dicon for $4.45 million in cash only. The Company has immediately picked up approximately $10 million in revenues and approximately $1.5 million in pre-tax earning from the acquisition. Dicon currently sells various products including private label brands for multiple industries through established channels of distribution in the U.S., including traditional food, drug and mass market stores such as CVS, Walgreens, Kmart and Wal-mart as well as direct sales to large commercial clients; all of which SpongeTech(R) intends to immediately utilize. In addition to the U.S. distribution, Dicon currently has distribution in Asia.

“Due to the overwhelming increase in sales and demand for our products, we felt the best interest for the Company was to acquire Dicon,” said SpongeTech(R)’s CEO, Michael Metter. “The acquisition of Dicon benefits SpongeTech(R) along multiple parallels. With this acquisition, SpongeTech(R) will obtain the technology that we have had exclusive rights to utilize in the manufacturing of our products and enable a more efficient and expeditious R&D process for the expanding of our product lines. In addition, SpongeTech(R) will acquire all current and future products within Dicon’s portfolio.”

“We are energized at the potential unleashed by the union of our two companies,” commented SpongeTech(R)’s COO, Steven Moskowitz. “The growth of the Company has given us the ability to acquire Dicon without dilution. We believe that this acquisition places SpongeTech(R) in an excellent position to maximize the value of our Company and its future.”

Established in 1975, Dicon Technologies has been researching, developing and producing some of the most innovative and successful products for multiple industries including agriculture, cosmetic, household and medical. Today, Dicon is recognized as an innovator in product development, setting new standards and creating products with far-reaching implications throughout these industries. Headquartered in Black Creek, Georgia, Dicon operates a new, state-of-the-art 30,000 sq. ft. research and manufacturing facility where over 65 researchers, product development and manufacturing personnel work on multiple, current, and future products.

Dicon’s President, Wayne Celia, comments, “We have always strived to create products that are not only technologically advanced but provide the end user benefits unforeseen in previous products in the marketplace. Teaming up with SpongeTech(R) is the perfect solution to providing a strong portfolio of innovative products that management believes will blow the marketplace out of the water.”

Details to the acquisition of Dicon Technologies will be in the Company’s Form 8-K filing at http://sec.gov/.

For more information, please contact Investor Relations at 1-877-SPONGE-T, and/or visit the Company’s website at: www.spongetech.com.

SpongeTech(R) Delivery Systems, Inc. Reports New Orders in July of $6.9 Million to Date

SpongeTech(R) Continues to See Strong Re-Orders and New Orders from Retailers

NEW YORK, Jul 09, 2009 (BUSINESS WIRE) — SpongeTech(R) Delivery Systems, Inc., America’s Cleaning Company(TM), (OTCBB: SPNG) announced that the Company has secured approximately $6.9 million in new orders for the month of July to date. The successful marketing of SpongeTech(R)’s various products during the summer months are reflected by the continuous re-orders and new orders coming in from our retailers across the globe. SpongeTech(R)’s Car Care, Child Care, Home Care and Pet Care products can be purchased is various retail outlets including drugstores, supermarkets, membership warehouse clubs, and big box stores across the country and on the Company’s website at www.spongetech.com.

In addition to reporting new orders for the month of July, the Company will begin airing its new Uncle Norman’s(TM) Pet Sponge commercial on cable and satellite networks nationally next week. Due to the success of its DRTV marketing campaign on SpongeTech(R)’s Car Care product, the Company has produced a commercial for its Pet Care product line and expects to see the same success with the new commercial. Both commercials will continue to air nationally.

“This has been a great start to our first quarter and we believe we will continue to see strong growth within the Company moving forward,” comments SpongeTech(R)’s COO, Steven Moskowitz. “Our marketing campaign continues to support our retail distribution and we feel that our sell-through rates across our product lines will solidify revenue expectations through the current quarter.”

For more information, please contact Investor Relations at 1-877-SPONGE-T, and/or visit the Company’s website at: www.spongetech.com

About SpongeTech(R) Delivery Systems, Inc.

SpongeTech(R) Delivery Systems is a company which designs, produces, and markets unique lines of reusable cleaning products for Car Care, Child Care, Home Care and Pet Care usages. These sponge-like products utilize SpongeTech(R)’s proprietary, patent (and patent-pending) technologies and other technologies involving hydrophilic (liquid absorbing) foam, polyurethane matrices or other ingredients. The Company’s sponge-like products are pre-loaded with specially formulated ingredients such as soap, conditioner and/or wax that are released when the sponge is soaked and applied to a surface with minimal pressure. SpongeTech(R) is currently exploring additional applications for its technology in the health, beauty, and medical markets. SpongeTech(R) Delivery Systems, Inc. intends to globally brand its Company as America’s Cleaning Company(TM) .

Safe Harbor Statement

Under The Private Securities Litigation Reform Act of 1995: The statements in this presentation that relate to the Company’s expectations with regard to the future impact on the Company’s results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. Additional risks and uncertainties are set forth in the Company’s Annual Report on Form 10-KSB for the year ended May 31, 2008, the Company’s Quarterly Report on Form 10-QSB for the Third quarter ended February 28, 2009. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company’s plans or expectations.

Canadian Penny Stocks

Canadian penny stocks

Canadian penny stocks are considered to be an awesome investment by experienced penny stocks traders due to booming economy in Canada. Canadian penny stocks rose to popularity while they generated funds for the thousands of Canadian mining exploration companies. Originally, penny stocks were listed almost exclusively on the Vancouver Stock Exchange, until it merged with the Toronto Stock Exchange, to become the Toronto Venture Exchange, or TSX-V. Thousands of penny stocks still trade there, while the larger companies gravitate to the main Toronto Stock Exchange (TSX).

The hottest sector is Marijuana penny stocks. With Marijuana being legalized they are taken off in a big way!

 

penny stocks canada The listing requirements and reporting regulations on the TSX and TSX-V are demanding. That is one of the reasons why penny stocks on the Toronto Stock Exchange can produce remarkable profits. Penny stock investors can find many high-quality companies trading on these markets.

 

Penny stocks in Canada continuously show great promises and could become great investments that can grow exponentially in the future. If you are contemplating building up the aggressive portion of your portfolio, you may turn to the higher-risk strategy of buying speculative Canadian penny stocks. But you should make them a small portion of your portfolio and buy them with money you can afford to lose.

 

The main point is to invest mainly in well-established companies, spread your money across several economic sectors, like Manufacturing & Industry, Resources & Commodities, the Consumer sector, Finance and Utilities, Metals & Minerals, Oil & Gas, Coal & Uranium, Technology, and Biotechnology. These are the best industries for Canadian penny stocks. And – as always – avoid stocks that are hyped by the media.

 

canadian penny stocks

 

 

If you are a US investor, you need to find penny stock brokers that have access to Canadian penny stocks. E*TRADE may be your best alternative. This online broker is able to buy directly on the Canadian exchanges and the commission is around $20. Another good alternative for experienced investors may be Interactive Brokers.

 

Sometimes high-quality Canadian penny stocks traded on the Toronto Exchange, also list on the Pink Sheets. This process is called interlisting. By interlisting their stocks on an American exchange, these Canadian companies eliminate any currency exchange difficulties and make themselves much more attractive to American investors. These companies are more likely to be legitimate stocks worthy of your consideration. But be wary of poor liquidity and extreme volatility when choosing Canadian penny stocks to buy through the OTC or Pink Sheets in the United States.

 

Investing in penny stocks can be successful only if you try to stick to stable companies with increasing sales, good management and innovative product ideas. Choosing highly volatile penny stock companies is almost always a bad choice, especially if you are an inexperienced penny stock trader.

 

Canadian Penny Stocks

 

As an example, here are a few high-quality Canadian Penny Stock companies worth your attention:

 

Hinterland Metals, Inc. (HMI) – Precious metal mining in Quebec, Ontario and Yukon areas.

 

Energy Fuels Inc. (EFR) – Supplying US nuclear power industry through a number of uranium mines located in Utah and Colorado.

 

Rockridge Capital Corp. (RRC) – Gold mining in the gold richest areas around the world.

 

Mineral Hill Industries, Inc. (MHI) – Gold mining projects using unique lithium carbonate exploration techniques.

 

Bellhaven Copper & Gold, Inc. (BHV) – Gold and copper exploration in Columbia and Panama.

 

Resin Systems Inc. (RSG) – Composite materials for utility and infrastructure industries.

 

Nuinsco Resources Ltd. (NWI) – Multi-commodity mineral exploration company with projects across Canada and Turkey.

Gulf Resources INC.

Manufacturing bromine and specialty chemical products
Gulf Resources is a leading provider of bromine, crude salt and a portfolio of various specialty chemicals throughout China. Our products are necessary components for China’s flourishing oil and paper-making industries.

Gulf Resources is one of only six companies with a highly coveted Chinese license for bromine exploration, production and distribution. Bromine is a chemical element that is used in the refrigeration, medical, agrochemical, and oil field industries. While the international market is large and growing, China currently consumes all the bromine produced domestically. Gulf Resource will capitalize on the growing demand for bromine with its large proven reserves in Shouguang, China.

In addition to bromine, our company manufactures and supplies crude salt, which is found in large quantities near the bromine brine wells. Gulf Resources also develops numerous specialty chemicals for China’s papermaking and oil & gas industries.

Gulf Resources is aggressively pursuing complementary acquisitions, which coupled with sustained organic growth, will help us become a dominant worldwide player in the bromine and specialty chemical industries.