May The Force Minerals (FORC) Be With You

FORCOccasionally, OTC veteran traders and newbies are pulled in by the tractor beam’s strong attraction to trip zero penny stocks and some, not all, survive the events by using their jedi skills of timing.  Endeavor IP, Inc. (OTC PINK: ENIP) is a perfect example as the 0.0001 shares were slowly acquired yesterday allowing the pre-market news of a patent license and settlement agreement with Schneider Electric USA, Inc. propel ENIP stock to a HOD of 0.0014, intraday gains of 1300%.  With a better share structure and just over a month until their SEC filed quarterly is due out, even some wookies are thinking that Bitcoin miners, Force Minerals Corporation (OTC Pink: FORC), will sense the force and embark to a PPS far far away from 0.0003.

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FORC Stock

 

Force Minerals Corp. was originally formed for the purpose of acquiring exploration and development stage natural resource properties.  In February this year, the Company acquired Digital Mining Corporation, a developing Crypto Currency and Alternative Currency Mining which is to bring Force Minerals into mining, mining pools, trading, and arbitrage across all crypto currencies.  The deal is also supposed to have in it the developing of a platform allowing merchants accepting alternative currencies, through a subscription and comparable to a credit card authorization, the ability to confirm the authenticity of an alternative currency on a timely basis.

The kind of empty Digital Mining website describes Litecoin as a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world.  An open source, global payment network that is fully decentralized without any central authorities, Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency – a proven medium of commerce complementary to Bitcoin.

Nothing has been mentioned since February, but Force Minerals has filed their 10K for the year ended November 30, 2014 and two subsequent 10Q’s.  While the $16 cash on hand was a significant improvement to the $0 reported on the 10K, no revenues and a doubling of debt, from $1,198,413 to $2,707,060, has to eventually lead to an ability for the nearly 4 dozen convertible notes to have an outlet for conversion.

Here’s the thing: As of June 22, 2015, there were 168,752,650 shares of FORC stock issued and outstanding and only 750,000,000 authorized.  If the share structure looks appealing when you consider a 0.0003 PPS, FORC stock was 0.0025 when they filed the 10K January 5 (15,154,003 issued) and 0.008 when they filed their Q for fiscal Q1 March 25 (19,156,824 issued).

The problem young jedi knights have when going up against a Jaba the Hut like ticker that FORC is (fat and lazy) is that they under estimate how strong the force can be.  For weeks we’ve been monitoring the trading activity of FORC and have noticed not only how the buyers of 2’s totally stack the ask at 3, but how 1 share and 100 share “paint jobs” keep popping up, as if to tease traders to notice the 50-100% move.

Yesterday was a pretty good one, $11,869/47,477,700 shares traded.  If the speculation is right and FORC stock starts to loosen up, a run ahead of their October 15 due date for the next Q filing could be a slow, steady riser.  Expecting news is futile (1 press release issued in the last 2 years plus), but with 0.002 just 3 months removed, may the force be with those in FORC.

Find out more about FORC shares here: $FORC

 

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