Earlier this morning, we took a close look at the penny stock of Incumaker, Inc. (QMKR), an investor in some cryotherapy clinics, which just recently updated their filings with OTC Markets. The low float and low issued and outstanding amounts of QMKR stock immediately caught our attention causing us to look deeper into why the Company hasn’t followed up on their November PR about acquiring Wellness Centers of America. Needless to say, at 0.07 and with revenues being reported, something within the filings just might give reason for this to be a fit investment.
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QMKR Stock Quote
Market Cap: 583.83K
Last: 0.07 ▼ -0.05 (-41.67%)
Issued and Outstanding: 8,340,421
14-Day Rel Strength: 42.39%
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Back in September, 2013, Incumaker completed the acquisition of CryoMist I, LLC and CryoMist II, LLC, located at John’s Creek, Georgia and the Mall of Georgia, each facility specializing in Cryogenic Therapy – the general use of low temperatures in medical therapy. It doesn’t sound too exhilarating when you consider freezing your balls off s the first thought that comes to mind, but the TV show “The Doctors” did a report on it which makes it seem all that more appealing since studies have shown that following each treatment, increased metabolism burns from 500 to 800 calories over the next several hours.
Administered individually for up to 3 minutes, a single CryoMist therapy session, due to the extreme cold, causes the brain to stimulate the body’s organ regulatory functions which in turn causes a sudden rise in energy, cell rejuvenation, immune system boost, and overall system self-healing. That makes total sense when you think of it because, if you ever had a bucket of ice water poured on you or spent Song Kran on Soi Cowboy in Bangkok, Thailand, you know just how quickly the heart starts pumping when that ice water hits your skin.
Although the recent filings for Incumaker state that, on August 29, 2013, they acquired a 1% investment in the Winter Garden, FL facility where the CryoMist II facility is located valued at $7,000. The meaty part of the filings was that Incumaker booked $20,060 in revenues for the 3 months ended November 30, 2013 – their first revenues ever.
While it all sounds good so far, the potatoey part we think will send QMKR onto trading screens is if they follow up or update on their Letter of Understanding entered into back in November to acquire 100% of the issued and outstanding shares of Wellness Clinics of America, LLC. The deal does call for restricted shares of QMKR stock to be issued, but if they can close it and own the Atlanta, Georgia based center, this could be fit for a double or triple from where it sits now.
About QMKR Stock
Incumaker, Inc. is a development stage holding company with interests in 2 CryoMist facilities and a third acquisition of CryoMist III, LLC planned to close by early 2014.
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Low float penny stocks like QMKR are always attractive, regardless of whether or not their business model is working or just a work-in-progress. As for QMKR stock, the lack of attention may be caused by the lack of PR, or just simply because it isn’t fit enough to squeeze into a speculative portfolio.
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