9 Penny Stocks Being Promoted This Week

Most people who buy penny stocks are ordinary investors who don’t have $25,000 to open an account with a private investment adviser. A typical penny stock investor trades online with a discount broker and typically trades with $500 to $1,000 on a speculative trade. However, research still proves to be the best source as in most promoted penny stocks, many sellers make money while many buyers do not.

Hence, I have targeted some of the penny stocks being promoted this week which have had some large compensation packages paid to them and could be on the pump and dump watch list:

KMA Global Solutions (PINK: KMAG.PK) $0.0083

KMAG announced its continued investment of Intellectual Property for new ventures. KMA’s DUAL Tag™ provides theft protection through its groundbreaking combination of two leading Electronic Article Surveillance (EAS) technologies in a single, high-speed application.

Divine Skin, Inc. (OTC BB: DSKX.OB) $0.3549

 

Biotech leader Divine Skin, Inc. posted revenue of $2.1 million for the third quarter, up 35 percent from 2010. Divine Skin Inc. leads in the development of biotech for topical, nutritional, and pharmaceutical therapies. It markets worldwide online and through specialty retailers, cosmetics wholesalers, salons, and medical offices.

Broadwind Energy, Inc. (Nasdaq: BWEN) $0.56

 

Broadwind Energy, Inc. Announced Third Quarter 2011 Results Friday, November 4. Broadwind Energy, Inc. Highlights:

  • Q3 sales of $47.9 million, up 41% from the prior year quarter; YTD sales up 46%
  • Service segment sales rebounds to $6.6 million in Q3, up 82% from 2010 and more than double prior quarter with strong order pipeline for Q4
  • Transformation progress continues –YTD Adjusted EBITDA loss of $1.2 million sharply improved from $13.1 million loss in 2010
  • Liquidity position enhanced through $11.7 million sale of common stock and $2 million proceeds from New Markets Tax Credit
  • Business restructuring targets 30% footprint reduction and improved operating margins

Emisphere Tech (OTC BB: EMIS.OB) $0.39

 

Drug approvals for biotech companies from administrative bodies in both the U.S. and Europe have been critical. EMIS stock price plumeted over 75% on Nov 14, 2011 and rose over 33% on November 16, 2011.  Why?  Did insiders like CEOs, CFOs, and Directors sell their shareholdings before the stock price dropped?  Is EMIS a pump and dump?

Positron Corp (OTC BB: POSC.OB) $0.014

 

Due to sweeping healthcare reform, squeezing profit margins for medical equipment and supply manufacturers companies in the sector could face more difficulties in the future as industry experts have begun questioning the FDAs approval process.  POSC had an unusual increase in trade volume, over 36.9 million shares traded on Nov 14, 2011 , which was 60 times higher than the average trade volume.  Stock price up 26.4% on Nov 14, 2011 .  Is POSC a Scam?

Infinite Group, Inc. (OTC BB: IMCI.OB) $0.115

 

Infinite Group, Inc. (OTCBB: IMCI.OB) announced on November 1, 2011, it completed an agreement with the Pension Benefit Guaranty Corporation. Infinite Group, Inc. is a provider of information technology (IT) services to federal, state and local governments and commercial clients.  Its expertise includes managing leading edge operations and implementing complex programs in advanced server management, virtualization (server, desktop, application, and storage), cloud computing, network services, information security, wireless technology, human capital services, enterprise architecture, and program and project management.

ICON Media Holdings (Other OTC: ICNM.PK) $0.07

 

Icon Media Holdings, Inc. (Pinksheets: ICNM.PK) announced October 12th that the Company has continued expanding into Europe by launching a storefront on Amazon France. Icon Media Holdings currently owns and/or operates e-commerce websites and sells on storefronts such as Amazon, Amazon UK and eBay, among others.

OMNI Ventures, inc. (Other OTC: OMVE.PK) $0.40

 

Omni Ventures, Inc. (OTCQB:OMVE.PK) announced Tuesday that PRVCY Couture, Inc. has shipped its first order of t-shirts to a customer, which is a national department store chain, and entered into an agreement with an established California-based marketing and production company to license design, production and distribution of certain PRVCY-branded t-shirts. “PRVCY brand has been known for its ‘I Want More Privacy’ t-shirts for a long time. Multiple celebrities wore those t-shirts and they have become the centerpiece of several charitable events sponsored by our company.

InVivo Therapeutics Corp (OTC BB: NVIV.OB) $1.86

 

InVivo Therapeutics (NVIV.OB) has been quite impressive. The company has posted videos on its website of once paralyzed African Green Monkeys now walking and running. The Company’s biopolymer scaffold technology is designed to provide structural support for a damaged spinal cord to promote healing and improve functional recovery and prognosis for SCI patients.

 

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