The coming out party has so far been well received by the OTC public. Although it might not be trading every single day since its 1-for-1,000 reverse split in January, when the penny stock of OSL Holdings Inc. (OTC: OSLH) does trade, it’s in one direction only. A total of four 13D’s were filed at the end of January allowing for a perfect opportunity to view how large or small the float is on this development stage company focused on marketing data. With a roughly estimated 7 million share float, its no wonder why OSLH stock is seeing its PPS increase when it trades.
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OSLH Stock Quote
Market Cap: 36.44M
Last (Tuesday, Feb 19th): 0.49
Issued and Outstanding: 74,378,090
14-Day Rel Strength: 43.66%
14-Day Stochastic: 48.48%
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OSL Holdings announced yesterday a new partnership with Outfest to utilize the Company’s technology platforms that enable real-time sales and trend information exchange between brands and retailers. This is a huge deal for the start-up — targeting a niche market with a larger net income, cash-rich group.
The partnership with Outfest, the leading organization that promotes equality by creating, sharing and protecting lesbian, gay, bisexual, and transgender (LGBT) stories on the screen, will be the inaugural launch of their diversity rewards program which specifically targets LGBT consumers and their allies.
The Company’s diversity rewards program offers both additional revenue streams for those businesses issuing the program to their customers who redeem those rewards at other retailers as well as generate revenue to OSL through a transaction fee on all rewards usage at retail locations.
As for OSLH stock, the structure is sound.
Last month, the key insiders all filed updated 13D’s which showed their holdings as of January:
- 15,002,521 (20.2%) : Robert Rothenberg
- 10,000,000 (13.4%) : Steven Gormley
- 21,021,430 (28.3%) : Eli Feder
- 21,025,298 (28.3%) : Eric Kotch
Basically, there is only 7 million shares n the float for OSLH stock which is a very good reason why its price has been steadily increasing daily since the reverse split.
With a focus on the LGBT community for its niche, given a chance to showcase its talents and get their thinkDIVERSITY platform into a working model, revenues could be just weeks away from OSL Holdings while gains look like they are going to continue up and through the 0.75 mark for OSLH stock.
About OSLH Stock
OSL Holdings, Inc. plans to develop or acquire business units with the purpose of collecting and transmitting real-time consumer and business sales data that facilitates the ability to sell data, manage electronic marketplaces, operate real-time loyalty rewards and transact with buyers in multiple channels.
Last 5 Trading Sessions:
Bottom Line: OSLH is a fresh face for penny stock traders and a sleeper of a long position for those able to get in over the last few weeks. From here on out, it looks like very little can impede on the trend OSLH stock has set, a good sign as we head into March Madness in OTC land.
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