Monday’s best bagel of a penny stock turned out to be one which once had 26 full-time employees while operating as resellers of Microsoft and McAfee products to Fortune 500 clients in the N.E. Ohio area. Reporting 2012 numbers while operating as Infiniti Systems Group Inc., League Now Holdings Corp. (LNWZ) was the focus of a list building exercise after its undervalued shares were spotted trading at well under a penny. Opening today up 100% from Friday’s close, trading LNWZ stock early in the morning proved to be the best move to start a week which should have some huge winners coming and could possibly be the beginning of a return to the 0.15 level the shares have historically recorded as a high in recent quarters.
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LNWZ Stock Quote
Market Cap: 988.74K
Last: 0.0185 ▲ +0.0118 (+176.12%)
Dollar Volume: $518,567
Issued and Outstanding: 53,445,563
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One year after League Now Holdings entered into a Stock Purchase Agreement with Infiniti Systems Group, Inc., issuing 30,000,000 shares of LNWZ stock in exchange for 100% of the issued and outstanding capital stock of Infiniti, they finally saw their highest volume trading session. As a result of acquiring the IT focused Company whereby John Bianco, CEO of Infiniti became the the Company’s new President and CEO while Lisa Bischof became the new Treasurer and CFO and D. Bruce Vegas became the new Secretary and COO, sales for the year ended December 31, 2012 were some of the highest ever recorded by the Company.
Infiniti Systems, whose managed services is a cost effective approach to outsourcing some or all effort required to build or maintain an IT infrastructure environment, reported an increase in sales for the year ended December 31, 2012 of $72,059 to $3,729,811 compared to $3,657,752 for the year ended December 31, 2011. The effect was a loss from operations was $359,365 for the year ended December 31, 2012 compared to a loss of $112,868 for the year ended December 31, 2011, mainly due to the increase in Cost of Goods Sold and Operating Expenses described above.
What’s interesting is that, on February 14, 2013, League Now Holdings agreed to transfer to the shareholders of New York Bagel Company, shares of Common Stock equal to 95% of the issued and outstanding LNWZ shares (28,500,000), in exchange for 100% of the issued and outstanding shares of New York Bagel Company (100 shares).
Bianco handed over the ropes of League Now to Haim Yeffet as of the terms of the agreement and the Company now became focused on bagels out of their Flagler St. home in Miami, FL. With Infiniti Systems now returned to Bianco and Co., the deal with NYBD Holdings Co. bring in Mario Barton, Brooks Thiele, Doug Anderson, Morty Etgar, and Charles Neustein as well as New York Bagel Company becoming a wholly owned subsidiary of the League Now Holdings.
Bagels or Software resellers, LNWZ stock caught the attention of many and should continue to see some love on the OTC even after today’s trading session. With roughly 27 million shares in the float, LNWZ stock could see some action as soon as the 10-Q is filed and traders get a chance to see how much cream cheese was spread on today’s alerts.
About LNWZ Stock
League Now Holdings Corp.’s wholly-owned subsidiary, NYBD Holding, Inc., opened it’s doors April of 1996 to rave reviews and has since become an icon of Miami Beach, serving up 16 different bagels and 20 different Cream Cheese toppings.
Last 5 Trading Sessions:
Having eaten at both of the NYBD Holdings locations in the past, LNWZ stock surely has the flavors needed to be one of the best penny stocks on the OTC today. Can LNWZ continue to spread the love around? Not as good as they can serve up a superb breakfast that’s for sure.
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