The sub-penny stock of Auctions International Inc. (AUCI) had an incredibly busy Friday on the OTCMarkets after filing for the first time since December, 2009. The updated quarterly filings caused AUCI stock to land on the radar screens of a number of savvy traders who are looking for the end of October to be bullish based on the OTC issued “Stop Sign” being removed and an update detailing their discussions with a Western Canadian Recycling firm regarding a potential merger/acquisition.
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AUCI Stock Chart
Market Cap: 1.10M
Close: 0.0015, up 0.0002 (15.38%)
Dollar Volume: $66,530
Average Trade Size: 430,772
Issued and Outstanding: 734,984,722
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Friday’s trading marked the highest volume session for AUCI stock this year. Looking back even further, the last time volume was even close to Friday’s level, the PPS ran to as high as .0124 (February 8, 2011). With updated filings, 12 in all, for the quarters ended December 31, 2009 to September 30, 2012, Auctions International is up to something and it’s definitely gonna hit radar screens this week.
According to their August 2 press release: “Selling prepared recyclable material into these countries will allow Auctions to establish an “Intra-Corporate Balance of Trade” which will benefit shareholders with increased revenues and lower operating costs.” How this acquisition/merger will work with the Company’s fully integrated Net-based platform that will allow seamless purchasing and inventory control at Wholesale, Retail, and E-Bay Points, Bright Pearl, may actually come into play somehow someway.
About AUCI Stock
Auctions International Inc. is a Nevada Based company that has spent 3 years looking for a revenue generating vehicle that would supplement its current business model.
Bottom Line: AUCI is best played PR Bingo style. The penny stock traded as high as 0.0052 days prior to them announcing their acquisition of the Bright Pearl Software platform. Considering AUCI stock traded that high without updated financials and a big red “Stop Sign,” the new updates could rally speculators to drive it right back up after Friday’s huge volume session.
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