When grandma and grandpa snuck a dime into your hand without your parents seeing, they thought they were doing you the biggest favor in the world for our future financial security. For those who trade penny stocks, Grandparents.com, Inc. (GPCM) just did the same by filing an 8K today,detailing the Securities Purchase Agreement they closed on July 19th with an accredited investor. Selling 1,000,000 shares of GPCM stock for $250,000, a per share cost of 0.25, the dime your grandparents used to give you is being given to you again, but it’s up to you to take it.
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GPCM Stock Quote
Market Cap: 12.94M
Last: 0.15 unchanged
Issued and Outstanding: 86,255,814
1st Resistance Point: 0.1502
2nd Resistance Point: 0.1503
1st Support Level: 0.1497
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Grandparents.com has been extremely quiet on the PR front since April when they announced that the “Grand Card”, developed to provide instant rebates on purchases of consumer goods and services and to consolidate prescription drug rebate offerings by multiple pharmaceutical manufacturers onto a single card, would be made available on their website. Within the PR, Joseph Bernstein, Co-CEO of the company, stated “As the marketing partner in the venture, Grandparents.com intends to make the Grand Card a staple that everyone will want to carry each time they visit a pharmacy or participating retailer.“
If you haven’t been to their website, visit it. If you were not born in the tech ages like most of us and were unfamiliar with doing much more than checking emails, Grandparents.com offers a one-stop-shop for anyone over the age of 50 who is still keeping up to date with how to survive without the local newspaper delivered each morning.
From a company point-of-view, Grandparents.com is hanging in there when it comes to trying to grow a website in a market for those who missed out on even the times when beepers were the norm. Sales for the 3 months ended March 31, 2013 grew to $122,859 versus $66,794 for the same period the year prior.
However, with liabilities largely outweighing assets, many have turned a blind-eye to GPCM stock which could be a huge mistake.
Another 8K filing today for the sale of 1,000,000 shares of GPCM stock pretty much confirms that if you want to get a piece of the action, it’s gonna cost you a quarter. Form 4 filings from last month also confirm the same price for warrants issued to many of the company’s directors and officers.
Be that as it may, GPCM stock is sitting at 0.15 with no one going to visit grandparents for quite some time this summer. Not since the beginning of May has GPCM seen volume above 200,000.
About GPCM Stock
Grandparents.com, Inc., together with its consolidated subsidiaries, is a family-oriented social media company that through its website, www.grandparents.com, serves the age 50+ demographic market.
Last 5 Trading Sessions:
When something has a 66% gain priced into it, very few grandparents would tell their children or grandchildren not to take advantage of it, even if it is a penny stock. GPCM should be on the watchlist for those willing to wait at the bus stop for the volume to pick up and eventually cash out for a gain of what could be triple digits.
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