Back in March, we initiated coverage on the penny stock of Great China Mania Holdings, Inc. (OTC:GMEC) and were extremely bullish about what we uncovered. As with most discoveries like GMEC stock, until certain events take place which thrust the Company into the spotlight, the opportunity to plot the charts and look for cheap entry points are about all you can do. After today’s announcement of their new website launch, you can assure yourself that a prosperous bull run is about to embark on this Chinese focused leisure and life style e-provider, at least for Kodiak Capital Group, LLC.
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GMEC Stock Chart
Market Cap: 4.67M
Close: 0.063, up 0.013 (26.00%)
Volume: 292,886
Dollar Volume: $16,719
High: 0.07
Low: 0.05
Trades: 40
Average Trade Size: 7,322
Authorized: 375,000,000
Issued and Outstanding: 74,081,000
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In March, we covered the Company and the possibilities of this being a huge winner on the OTC markets given the exponential growth China has had in their online media companies. While GMEC stock has already had a nice run from under 0.04 to 0.16 back roughly 6 weeks ago, the launch of their new website which highlights the Company’s business strategies and activities to its shareholders and investors is a major plus and sign that the shares are about to go into hyper-trading.
The spawn of an investor awareness campaign was so enticing that even the Newport Beach, California based financing group, Kodiak Capital Group, LLC, decided to get involved two weeks ago by agreeing to purchase up to $2 million worth of GMEC stock which is held in reserve. While the agreement details that 3 million shares were held in reserve for a 506 D sale, no price or total amount of shares is stated, nor any actual date of purchase. (see here)
For traders looking to load the boat on GMEC, the timing couldn’t be worse with the upcoming holidays which break up the trading week at the end of the month. However, if the recent success of Amarantus BioSciences (AMBS) was any sign of what to expect on GMEC stock performance, returning to 0.16 shouldn’t be an issue at all. As for Kodiak Capital Group’s involvement, here is a list of other penny stocks they have been tagged to, none of which have seen much exposure to excessive trading in recent months:
- USA Synthetic Fuel Corporation (USFC)
- Kallo Inc. (KALO)
- AMP Holding, Inc. (AMPD)
- First Choice Healthcare Solutions, Inc. (FCHS)
- TransBiotec, Inc (IMLE)
- AmbiCom Holdings, Inc. (ABHI)
- Protect Pharmaceutical Corporation (PRTT)
- China Kangtai Cactus Bio-Tech Inc. (CKGT)
About GMEC Stock
Great China Mania Holdings, Inc., operating through several subsidiaries, Great China Media Limited, GME Holdings Limited and Great China Games Limited, specializes in publication of electronic contents and magazines, artist management services and retail sales of video games and accessories respectively. Click here to view the SEC filings for GMEC.
Bottom Line: GMEC is one penny stock which could see some heavy trading come Tuesday and should be listed for monitoring closely. If you suffered losses from the apparent pullout of Victory Mark on their PBCW coverage, perhaps a strong look at GMEC stock and the probability of it returning above the 10 cent range short term could offer a parachute to recover with.
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