Today’s surge which took the penny stock of PacWest Equities Inc. (PWEI) over and above $1 came off of their financial update filed with OTCMarkets. Reporting that they have no cash, no sales, but that by using solar powered water conserving growing systems, one of their specially designed trailers can produce 1500 lbs. daily of organically grown grass for year round livestock consumption, PWEI stock surged past $1 since, as they said, 315.13 million shares are restricted. On another note, former New York Giants Linebacker, Lawrence Taylor, said: “Don’t Smoke Crack!”
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PWEI Stock Chart
Market Cap: 30.66M
Close: 1.02, up 0.24 (31.44%)
Volume: 2,879,490
Dollar Volume: $2,611,025
High: 1.04
Low: 0.77
Trades: 742
Average Trade Size: 3,880
Authorized: 500,000,000
Issued and Outstanding: 471,560,143
Float: 156,030,093
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The Opportunity:
Aquaponics, the co-cultivation of plants and fish in a recirculating environment, is a combination of hydroponics and aquaculture. The growth of fish produces natural plant nutrients. Water from the fish tank circulates through the growing trays for the plants. The plants use the nutrients, and the refreshed water is returned to the fish. Aquaponic systems take advantage of the natural relationship between the fish and plants to maintain a healthy environment for both.
The aquaponic system duplicates what nature has been doing for millions of years. Aquaponic systems are an economical, efficient, and environmentally friendly way to harvest large amounts of vegetables and high-protein fish for healthy dining and nutrition.
The Response:
The company has spent approximately $4,000 over the last two years on research and development activities.
About PWEI Stock
World EcoSource Corp., a PacWest Equities company, is a technology based company which has developed the MobileFeed® and MobileFood® systems helping offset deficient worldwide food production for both animals and humans. Each system provides turnkey solutions for either the production of livestock based consumables or human based protein and vegetable consumables.
Click here to view the most recent financial report for PWEI.
Bottom Line: PWEI is being pumped way too high for unsuspected traders to have any clue that the kool aid has been poisoned. As we said many times already, PWEI stock is being protected by TAGG in the sense whereas the penny stock can surpass all the attention and act as the trojan horse.
Trade it, flip it, rub butter on it and call it spam — PWEI is a high-risk stock which is best played on the bounce which will be making another presence shortly.
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