While traders risk their cash playing the momentum Alkame Holdings (ALKM) stock provided yesterday after StockTips.com officially launched their promotion, penny stock flippers may want to have a look at Budget Center Inc. (BDGN). The industry of online travel is about as exciting as reading last year’s newspaper since the big dogs in the industry will continue to keep and grow their market share while cash poor and underdeveloped websites in the sector will simply just take up cyberspace and do nothing more. Yet with a share price of just 0.032 from yesterday’s close and a kickoff party that usually is worth a double-digit gain, BDGN stock is worth paying attention to prior to the open before the 0.001 shares start getting distributed.
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BDGN Stock Quote
Market Cap: 2.17M
Dollar Volume: $6,865
14-Day RSI: 54.35%
1st Resistance Point: 0.0327
1st Support Level: 0.0307
52Wk High: 0.12
52Wk Low: 0.01
There hasn’t been much news to speak of since March when Budget Center did a deal with Authorize.net to integrate their Cardverify.net and resell the merchant account services they provide. The news was barley enough to push through 400,000 shares of BDGN stock before it went to sleep for the summer.
It’s only fitting that BDGN stock was asleep through the summer since it would be hard to do much with $144 in cash (as of June 30, 2014) and no revenues to speak of for the three months ended June 30, 2014. That’s not really the kind of numbers you want to see when one of the highlights of the BDGN stock promo is how Budget Center is looking to tap an industry that sees $190 billion lost to fraud each year.
What’s of great interest for those trading BDGN off the Penny Picks alerts is that On March 1, 2011, Budget Center issued a convertible note payable of $68,003 which matures on June 30, 2016 and is convertible at any time at $0.001 per share. Nearly 2 years ago, they issued a $300,000 convertible note which matures on September 30, 2017 and is convertible at any time at $0.0025 per share. Considering how during March of this year $9,000 of debt was converted into 9,000,000 shares of BDGN stock, it’s going to take a lot of alerts for then to get converted from 0.001 to the retail price of 0.032 so expect to see much more than just today’s launch hit inboxes over the course of the next week or so.
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About BDGN Stock
Budget Center Inc. is a development stage company in the online travel and related services industries.
Issued and Outstanding: 67,925,413
Last 5 Trading Sessions:
Volume is sure to be significant in comparison to previous months, let alone trading sessions, for BDGN stock off today’s penny stock alerts, assuming the debt converters can let the PPS breathe and run a bit before whacking the bid to get 3,100% ROI. Keep a close look at the 10AM market maker shift when they adjust their bids and asks before chasing the gap open if BDGN is within your budget for today.
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