April has been an absolute dream for penny stock traders who were willing to risk capital in OBJ Enterprises, Inc. (OTC: OBJE). Having ramped up their efforts to get their gaming ideas from a year ago into the smartphone market, OBJE stock has been on an unstoppable ascent to levels near where they began the year at. With the 10-Q filed today and the final testing phase entered into on the Android version of the company’s debut gaming app, Phantasmic, is it remotely possible that the shares could return to levels which it traded at prior to the 1-for-40 reverse split effected back in November?
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OBJE Stock Quote
Market Cap: 17.51M
Last: 1.86 ▲ +0.63 (+51.22%)
Volume: 776,676
Dollar Volume: $1,331,056
Open: 1.40
High: 2.11
Low: 1.39
Trades: 915
Authorized: 100,000,000
Issued and Outstanding: 9,414,339
14-Day Rel Strength: 83.85%
14-Day Stochastic: 86.56%
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OBJ Enterpises’ OBJE closed today up 644% from its low set at the start of the month; 0.25. If that isn’t reason enough to have already taken notice like many of our VIP members have, then perhaps you better recognize.
OBJ Eneterpises’ subsidiary, Obscene Interactive, announced today that their Phatasmic game has already been submitted to the Apple App Store and plan on submitting it to the Google Play mobile applications market in the coming weeks. Basically, what you saw from today’s PR was a name dropping opportunity to link 2 big board giants in with a Sarasota, FL based company that had a total of $13,075 in assets, all of which was cash, as of February 28, 2013.
Funnily enough, for those who remember how Domark International (DOMK) ran last spring when they were preparing to launch their Solawerks Solapad for the newly released iPad, the website design and layout, especially on the investors relations page, are quite similar in nature, DOMK, like OBJE, is also based in the same general area, Tampa, FL or thereabouts.
For now, seeing OBJE stock run another 100% from its current position, to $3.72, would bring the shares to almost as high as they traded back at the close of 2012 when OBJ effectuated their 1-for-40 reverse stock split. With no sales and a significant number of convertible notes already converted during the last 3 months (over $150,000 worth) at levels as high as $0.10 and as low as $0.01 per share, the days are numbered for OBJE, but should keep their head above the $1 level until at least they announce that Phantasmic is available on Google Play.
About OBJE Stock
OBJ Enterprises, Inc., through their wholly-owned subsidiary Obscene Interactive, LLC, is engaged in the pursuit of emerging opportunities in the digital gaming industry, actively seeking potential acquisition targets in the online and social media industry while exploring consumer gaming trends to develop games internally through joint venture agreements and partnerships.
Click here to view the SEC filings for OBJE.
Click here to view the website for Obscene Interactive.
Last 5 Trading Sessions:
| Date | Last | Change | % Change | Volume |
| 04/15/13 | 1.8600 | +0.6300 | +51.22% | 776,676 |
| 04/12/13 | 1.2300 | +0.5700 | +86.36% | 846,200 |
| 04/11/13 | 0.6600 | +0.2600 | +65.00% | 270,800 |
| 04/10/13 | 0.4000 | +0.0150 | +3.90% | 56,700 |
| 04/09/13 | 0.3850 | +0.0600 | +18.46% | 236,000 |
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Bottom Line:
OBJE has had a tremendous month thus far and is still deserving of a spot on the list of penny stocks to watch. Expecting a pull back of sorts to come now that the curtain has been revealed and the numbers showing the Company’s position, OBJE stock could see a run come if and when the hard mail and emailers start spanning the internet in the coming days.
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