The newly renamed penny stock of PetVivo Holdings, Inc. (PETV) is due to become a very popular ticker today after not only setting a new 52 week high on Wednesday, but also being the subject of a 6-figure awareness campaign. Shares of PETV stock, although thinly traded considering the total number of issued and outstanding, has been having a tremendous end to the month of May and likely to set a new 52 week high at the open today. Although medical devices for pets and other animals doesn’t seem to warrant a ticker with a $225M market cap, looking back a year ago when Circle got dumped on with Technologies Scan Corp. (TENP) might be indicative of what’s to come.
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PETV Stock Quote
Market Cap: 225.05M
Last: 0.06 ▲ +0.0235 (+64.38%)
Dollar Volume: $20,345
14-Day RSI: 77.55%
1st Resistance Point: 0.0743
1st Support Level: 0.0443
52Wk High: 0.073
52Wk Low: 0.0023
At the end of February, 2014, the entity that was focused on selling their touch screen product called the Infoscan to pharmacies decided to switch things up first by increasing their authorized shares from 400,000,000 to 4,000,000,000. Then, rather than take their revenueless company and jump onto the marijuana bandwagon like most other dirty shells did, the move towards the medical device industry to commercialize therapeutics for pets in a capital and time efficient way was about as earth-shattering as watching a hippo take a bath at the zoo.
There was only 147,456,676 shares of the then TENP stock issued and outstanding when the Company made the increase to their authorized shares, but as soon as Ghislaine St.-Hilaire, President and CEO, and Gilbert Pomerleau, Secretary and Treasurer, stepped aside to make way for the current President and CEO, John Lai, a whopping 20X increase to what was out there suddenly made this new Company , PetVivo Holdings, have a market cap equal to many big board listed companies that actually do something.
Form 4, after Form 4, Form 3 after Form 3, Schedule 13D after Schedule 13D, looking into what PETV stock is being held by insiders is like looking into any other typical sub-penny stock on the OTC. Seeing as how PETV managed to set a new 52 week high based on an interview with John Lai from the Growth Capital Expo as well as in-depth interview to CEOCFO Magazine makes you question makes you wonder whether or not you should be subject to prosecution due to negligence of your pets at home.
Even if PetVivo’s Kush™, a patented medical device for the treatment of animal lameness that the company has licensed and scheduled for commercial launch in Q4 2014, was to hit the market and capture the entire niche of pets that have joint problems, you’d have to be smoking a joint to think about playing PETV stock based on its pump history. They say you can’t change the stripes on a zebra which is all the more reason to think that PETV stock is due to perform exactly like TENP did just over a year ago – a big, stinky pooper.
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About PETV Stock
PetVivo Holdings, Inc., f/k/a Technologies Scan Corp. (TENP), is a development stage biomedical device company focused on the licensing and commercialization of innovative medical devices and other therapeutics for pets.
Last 5 Trading Sessions:
PETV is due to be off to the penny stock races prior to the open today which means that the gap and trap is sure to capture some dumb money that will be forced to average down as the morning session continues. If PETV should happen to run for the entire session today, it will a surprise beyond belief considering the amount of money they spent to create awareness on the ticker.