Although the volume may not be significant enough to pop up on radar screens, the penny stock of BioPower Operations Corporation (BOPO) is trending upwards and for good reason. As we hinted to our VIP members, the biomass waste conversion focused company closed a deal with Ambrosia Agra Holdings Ltd. to develop a castor plantation and milling operation in the Republic of Paraguay. With some heavy hitting linkages within the $10,000,000 agreement, it’s no wonder why BOPO stock has gained over 200% since the start of the month.
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BOPO Stock Quote
Market Cap:
Last: 0.0572 ▲ +0.0222 (+63.43%)
Volume: 29,800
Open: 0.045
High: 0.06
Low: 0.045
Authorized: 500,000,000
Issued and Outstanding: 152,048,084
14-Day Rel Strength: 69.98%
14-Day Stochastic: 94.21%
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BioPower Operations is still in its development stage of a company having yet to report any income from operations. However, the deal that Robert D. Kohn inked on Friday to test and develop the sizable castor project has already earned the Company $150,000 from the initial test phase in Paraguay.
With the chance to earn up to $10,000,000 in financing upon certification of the castor yield effective, the monthly management fee BioPower is set to earn is worth $45,000 to the Company plus the reimbursement of expenses during the test period to subcontractors on the ground in Paraguay. Thinking the deal could be just another one of those puffs of smoke that many biomass converters throw out to gain attention, this one has a little bit more bite to it than the norm.
Looking at the agreement itself in its entirety, Ambrosia Agra Holdings Ltd. is a Cayman Islands entity whose legal representative is Jose Luis Vittor of the Hogan Lovells US LLP energy focused law firm in Houston. Upon checking the background of Vittor, the direct link (see here) to one of the biggest energy companies in the history of the world lead us to immediately put BOPO on the map.
Late last month, on June 25, 2013, the BioPower Operations board of directors approved the issuance of a total of 60,311,833 restricted shares of BOPO stock in connection with an offering of shares at $0.012 per share. The shares were issued pursuant to the receipt of cash from the offering, conversion of notes, accrued expenses, accrued interest, a consulting arrangement owed by the Company for business development services over the next 12 months and stock grants to the Company’s CEO and Director, Robert D. Kohn.
The newly issued shares, valued at $723,742, was the smartest thing the Company could have done. The reason for that is, once Ambrosia Agra Holdings approves the project after the 6-9 month long testing phase is complete, under the Castor Master Farm Management Services Agreement, the $10,000,000 to be invested from Ambrosia will go towards the development and operations of the first stage of the castor plantation and the building of the mill and its operations.
BioPower will then be positioned to earn 6% of the net income for 10 years or have an option to become a 20% owner of the project which encompasses approximately 1,681 hectares (4,154 acres) of land. If you could own either or, which would you choose?
The simple answer is to get some BOPO.
About BOPO Stock
BioPower Operations Corporation is a development stage company focused on utilizing revolutionary, patented waste conversion technologies to convert waste into reusable products as well as growing biomass crops, coupled with processing or conversion facilities, to produce oils, biofuels, electricity and other biomass products.
Click here to view the SEC filings for BOPO.
Click here to view the website for BioPower Operations.
Last 5 Trading Sessions:
| Date | Last | Change | % Change | Volume |
| 07/10/13 | 0.0572 | +0.0222 | +63.43% | 29,800 |
| 07/09/13 | 0.0350 | +0.0055 | +18.64% | 267,100 |
| 07/05/13 | 0.0295 | +0.0115 | +63.89% | 3,200 |
| 07/01/13 | 0.0180 | unch | unch | 70,000 |
| 06/25/13 | 0.0180 | unch | unch | 10,000 |
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Bottom Line:
BOPO became a VIP members only pick immediately when we linked the attonrey’s involved and the way the bid/ask set up was looked over. Will BOPO stock land on the top 10 penny stocks traded in the future? It’s highly unlikely, but it will be a great candidate for a 10-bagger or better before the end of the year.
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