When share volume and share price rise in tandem on OTC stocks, it normally means something is happening with the penny stock and if you don’t get your research done quick, you could miss out on huge gains. Shares in NeoMedia Technologies (OTCBB: NEOM) have been surging together with the stock price for weeks now as the stock gained 39.33% yesterday.
Shares in NEOM should continue to surge with the penny stock’s recent SEC filing which indicates the stock price has room to grow further.
NEOM had 2,508 trades executed and traded 124,733,784 shares yesterday, $4,714,700 of the hot penny stock. Volume has been surging for weeks now. The 5 Day Average Volume of NEOM is 134,694,750. The YTD Percent Change is 269.91%. Subscribers to AimHighProfits have seen a 198.57% gain in NEOM since our Alert.
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NEOM filed an 8K today pre-market for the sale of a secured convertible debenture to YA Global Investments, L.P. The secured note will provide $450,000 to NEOM which was transacted on March 26, 2012. In addition to the debenture, NEOM also issued a warrant to YA Global Investments, L.P. to purchase 1,000,000 shares of the Company’s penny stock for an exercise price of $0.15 per share.
In respect to the Warrants issued to YA Global Investments, L.P., an exercise price of $0.15 would indicate that NEOM could increase an additional 10.82 cents. If so, NEOM shareholders stand to gain 258.85% from its current share price.