After the starting the week off with some strong potential, Thursday’s absence of trading activity on the penny stock of Urban Ag Corp. (OTC: AQUM) is puzzling. The Company group filed back in late November 5 10-Q’s and the 10-K for the year ended December 31, 2011 to bring their filings current. At the start of the week, AQUM stock made a major price adjustment, dropping -88.94% to close at 0.049, making many add the ticker to their scanners for a possible play. After a PR announcement Wednesday, the curiosity bar is raised as to what possible acquisitions the Company could have been hinting towards.
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AQUM Stock Chart
Market Cap: 3.43M
Last: 0.169
Volume: 0
Dollar Volume: $0
Open: inactive
High: n/a
Low: n/a
Trades: inactive
Authorized: 200,000,000
Issued and Outstanding: 20,308,164
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Back in November, 2011, Urban Ag acquired 100% of CCS Environmental World Wide, a hazardous material abatement and environmental remediation company based in Brockton, Massachusetts. With field offices in Austin, TX, Miami, FL and San Francisco, CA, the Company’s wholly-owned subsidiary provided revenues for the three and nine months ended September 30, 2012 worth $1,963,691 and $5,506,380, respectively. Thanks in part to increased sales in their core asbestos business, Q3 was able to provide net income which is a big plus moving forward.
At the start of the year, Urban Ag formally announced that Bill V. Ray was appointed President and CEO of the Company. Ray, beyond having served as a Director, Chairman, CEO and/or CFO of various NYSE, NASDAQ and OTC listed companies in the past, with revenues ranging from $60 million to $750 million, best suits the Company due to his previous history as President, CEO and BoD member for Charys Holding Co.
Charys, said to be one of the biggest international remediation companies, focused on remediation, reconstruction, wireless communications and data infrastructure, expanded from a start-up to trailing 12-month revenue of more than $700 million while Ray manned the ship. With Urban Ag’s acquisition from November, 2011, the partnership of the two could not be better since CCS Environmental already had a well established client base and track record in the industry.
What is curious, other than why AQUM stock did not trade one share on Thursday, is where the Company is looking towards for expansion. Although only $25 of the reported $3 million in assets was said to be cash in the last Q filing, the Company announced yesterday the creation of an “acquisition model” for future potential acquisitions in an open letter to shareholders by Board Chairman Marshall Sterman.
Seeing as how the CCS acquisition fit the model described by Sterman, “responsible for its own success and as such are not “carried” by other acquisitions working under the Urban-AG public company platform,” the possibilities of a major move is forcing AQUM onto the list of penny stocks to watch for the foreseeable future.
About AQUM Stock
Urban Ag. Corp., together with their wholly-owned subsidiary, CCS Environmental World Wide, is focused on a long-term strategy of pursuing the consolidation of the fragmented industry that provides outsourced services to general contractors, facility managers/owners, architects and engineers. Click here to view the SEC filings for AQUM.
Last 5 Trading Sessions:
| Date | Last | Change | % Change | Volume |
| 01/09/13 | 0.1690 | +0.0228 | +15.60% | 3,500 |
| 01/08/13 | 0.1462 | +0.0972 | +198.37% | 90,700 |
| 01/07/13 | 0.0490 | -0.3942 | -88.94% | 447,000 |
| 12/24/12 | 0.4432 | -0.0043 | -0.96% | 51,700 |
| 12/21/12 | 0.4475 | +0.2475 | +123.75% | 200 |
Bottom Line: AQUM is an interesting penny stock to say the least. The stock structure is very appetizing while the business model and revenue generation at its current level are very appealing for the long investor. Assuming some positive results come from the statements made by AQUM Board Chairman within the month, this could be a solid play, especially since few shares are out in the float at present.
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