Shell corps on the OTC are a dime a dozen and rarely are they thrown into the promotion arena which, in all honesty, is about as desperate an attempt to show a huge percentage gain to subscribers as any. In respect to that (or lack thereof), the penny stock of FCCC, Inc. (FCIC) is about to go parabolic with it’s float of less than 1 million shares hitting trading screens at the open. Despite trying for over a decade to get some kind of business model working, FCIC stock is going to make some dramatic gains at first and leave some big bags of Great Dane sized financial style, fecal deposits on the one’s who chase the tail of this shell.
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FCIC Stock Quote
Market Cap: 234.15K
Last: 0.15 ▼ -0.03 (-16.67%)
Dollar Volume: $2,650
Issued and Outstanding: 1,561,022
1st Resistance Point: 0.2367
1st Support Level: 0.1067
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FCCC exists only because it has one executive officer, Bernard Zimmerman, currently the President, CEO and Principal Financial Officer of the Company. Besides that, they have no pre-existing business and are only shopping themselves around for a merger or acquisition of some sort to begin to utilize their shell efficiently.
As of the 3 month period ended June 30, 2013, FCCC reported having $74,000 in cash and cash equivalents (virtually 99.9% of their total assets), $12,000 in accounts payable and other accrued expenses, and interest income of less than $1,000 which has been the only source of income for the Company since its inception.
For a decade now, since June 2003, FCCC Inc.’s operations have consisted solely of searching for a merger, acquisition, reverse merger or any business transaction opportunity with an operating business or other financial transaction. In layman’s terms, if you didn’t learn how to ride a bicycle after 10 yeas of trying, chances are you should stay off anything with only 2 wheels.
However, there is a play coming today on FCIC stock since someone has decided to fork out $15K to bring some attention to it. With only 1.56 million shares outstanding, 246,711 which are owned by Walter P. Carucci and the Uncle Mills Partners in care of Carr Securities Corp., 244,440 owned by Martin Cohen, and 241,800 owned by Bernard Zimmerman & Company, Inc., the gap open will likely make Psycho’s jaw drop when he sees the percentage gain.
About FCIC Stock
FCCC, Inc. is a shell corp. focused on a merger, acquisition, reverse merger or any business transaction opportunity with an operating business or other financial transaction.
Click here to view the SEC filings for FCIC.
Last 5 Trading Sessions:
There is sure to be some traders of penny stocks who avoid FCIC at the open while there is bound to be dozens who strike it rich on the play. The simple law of supply vs. demand could not be more better illustrated when FCIC stock begins to trade today defining the truest sense of what a pump and dump is – the inflated price of a company’s stock which has no value whatsoever.
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