Trading has officially begun for the penny stock of Liberated Energy, Inc. (LIBE), the newest venture of Frank G. Pringle. Setting its sights on dominating the alternative energy market with affordable ideas, LIBE stock could have more of a bang to it with the recent appointment of Lieutenant General Ronald S. Coleman to the company’s Board of Directors. Looking to gain access to U.S. military contracts as well as catering to the domestic market in the U.S., how much “bang” can there really be this time around considering that there are only about 22 million shares in the float?
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LIBE Stock Quote
Market Cap: 46.80M
Last: 0.65 ▲ +0.05 (+8.33%)
Dollar Volume: $107,810
Issued and Outstanding: 72,000,000
Mr. & Mrs Frank Pringle: 48,235,032
Elyse M. Thompson: 1,999,992
1st Resistance Point: 0.6967
1st Support Level: 0.5567
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Last week, Liberated Energy announced that, together with Coleman, Frank Giordano and Kim Thorne-O’Brien will be joining the Board of Directors in the next couple of months, both of whom come from a detailed philanthropic and business based backgrounds, respectively. More encouraging to their recent appointments is that the company, formerly known as Mega World Food Holding Company that, on Valentines Day, did a 24-for-1 forward stock split, is now becoming active in the PR arena.
In his former runnings as CEO of companies listed on the OTC markets, Global Resource Corporation (GBRC) and Mobilestream Oil, Inc. (MSRM), Frank Pringle has been less than successful at keeping a stock off the SEC suspension watchlist than others. The PR issued last week of the new BoD appointees not having the follow-up 8-K filing to it only makes having a piece of LIBE stock that much more risky.
In any case, trading has commenced with yesterday being the largest trading session to date for LIBE.
About LIBE Stock
Liberated Energy Inc. is expected to be focused on wind and solar powered turbine technology.
Last 5 Trading Sessions:
A number of savvy traders who play penny stocks prior to the promotion are either in LIBE stock already, or watching it closely for a dip in price before entering. Traders familiar with how penny stock promotions work should have an eye on LIBE, looking for the bg lock trades to start passing which will be the metaphoric “yellow” light to indicate caution. With just about 22 million shares to go around, volume should remain below 200,000 until the campaign officially lights up and you get Django’d.
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