The website sucks, the revenues are non-existent, but since they filed for the first time since 2011 to get current, the penny stock of OpenCell Biomed, Inc. (OCBM) is suddenly a target for traders. With a float of just above 6 million and a current share price which $5K could consume about 25% of the float, OCBM stock is looking a lot stronger than the titanium foam coated dental implant the Company hopes to sell one day. Betting on a run to come, taking a bite out of an unknown low-floater could make some traders all smiles when the crowds come in chomping at the bits on the ask.
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OCBM Stock Quote
Market Cap: 88.88K
Issued and Outstanding: 26,140,000
Shawn Pecore: 10,000,000
Mislav Pavelic: 10,000,000
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It’s going to be a very, very long time before any patient ever gets even the opportunity to get a new grill thanks to OpenCell Biomed’s Ti-Foam Dental Implant System. Having had just $41 in the bank (all of their assets) as of November 30, 2013, their most recent reporting period, chances of the implant thing ever happening are as likely to occur as Obama running and winning a 3rd term as President of the United States since OpenCell is in default on a licensing agreement entered into with the Canadian National Research Council ($25,000 in default).
However, OCBM stock isn’t on watch because of the potential which could come from the Company’s business model. Instead, radar screens will be adding OCBM because there are just over 6 million shares in the float, a level which no subpenny stock can continue to trade at when its got such a low float.
“Low-float” penny stocks should be in every OTC trader’s vocabulary. Due to their extreme volatility compared to larger floats, a minimal amount of demand can send small floats like OCBM‘s onto some major moves – either to the upside or downside. Becoming a current filer as of yesterday, the downside of OCBM from 0.0034 is, let’s just say, non-existent at that level which means a spark of early interest could have anyone with some foresight and thick enough foreskin to laugh their way all the way to the bank.
The Company has not realized any revenues since inception and waiting around to see some news come out is simply a waste of time. OCBM should be on watch with experienced traders who can trigger-pull in charge of how things will likely play out. If 100,000 can trade within the first few minutes, its time to swing for the fences and get out before the weekend.
About OCBM Stock
OpenCell Biomed, Inc. is a development stage company in the business of development, marketing and selling a proprietary dental implant system known as the “Ti-Foam Dental Implant System”.
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The only way to approach OCBM is as a low-float penny stock and play it for momentum. There is no other catalyst besides the updated filings, the first in 2 years, to help OCBM get some exposure so if it doesn’t kick off today, it probably isn’t ever going to.
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