The money ran today, as did the volume, on the penny stock of e-commerce solutions and service provider, Sitoa Global Inc. (OTC: STOA). Buckets of pennies were flowing into STOA stock shortly after the 11AM even though no formal announcements have been issued since George Yu resigned from his office as the President and CEO and CFO just prior to Christmas, 2012. News or not, the low the float has some thinking, like what happened with CHLO, Sitoa’s stock could see a minimum of .10. Hmmmmm, Magna Group LLC hits a home run once again it appears.
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STOA Stock Chart
Market Cap: 1.80M
Last: 0.0461 ▲ 0.0281 (156.11%)
Volume: 5,555,032
Dollar Volume: $279,794
Open: 0.02
High: 0.065
Low: 0.02
Trades: 395
Authorized: 250,000,000
Issued and Outstanding: 39,042,847
14-Day Rel Strength: 76.60%
14-Day Stochastic: 68.50%
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Linked to some excellent recent sprinter, Raystream (RAYS), and long time slider, Cereplast, Inc. (CERP), Magna Group LLC filed their 13G at 10:05AM with the SEC (see here) declaring their 4,278,074 share ownership, 8.8856%, of the outstanding STOA stock. Just like RAYS stock had that run the day after Victory Mark skid-marked SLIO onto traders, Sitoa looks poised for a decent second day run based on historical events, not current ones, regardless of if only the stock started really trading at .01 cent a few sessions ago, roughly $16,000 worth.
From a financial POV, Sitoa Global isn’t that bad of a Company overall. Their balance sheet as of September 30, 2012 is respectfully healthy, although not even close to that of China Logistics Group (CHLO). Assets were worth $772,492 while total liabilities were just over half that amount, $499,230, almost all of which were accounts payable. The income statement is a much different story.
Sitoa Global records revenues from providing hosting and integration services and licensing the use of its technology platform to its customers. For the nine months ended September 30, 2012, gross profit was just $78,779, 2.4% of the $3,196,924 total revenues booked. While revenues are likely to be announced to have grown once again for Q4 and a positive spin on 2013 should come from the Company in the coming days, STOA looks like a “sell before Friday’s close” play with superb momentum from the MR crew.
About STOA Stock
Sitoa Global Inc. (www.sitoaglobal.com), specializes in providing e-commerce solutions and services that facilitate multi-channel business-to-consumer, B2C and business-to-business, B2B transactions, allowing for an interactive and engaging customer experience as well as targeted marketing and advertising. Click here to view the SEC filings for STOA.
Last 5 Trading Sessions:
| Date | Last | Change | % Change | Volume |
| 01/09/13 | 0.0461 | +0.0281 | +156.11% | 5,555,032 |
| 01/08/13 | 0.0180 | -0.0020 | -10.00% | 928,700 |
| 01/07/13 | 0.0200 | +0.0064 | +47.06% | 1,486,200 |
| 01/04/13 | 0.0136 | +0.0066 | +94.29% | 1,197,100 |
| 01/03/13 | 0.0070 | +0.0007 | +11.11% | 1,924,700 |
Bottom Line: Since their short summer break, penny stock alerts from the MR crew have been sweet plays for two trading sessions or so. The momentum of STOA stock should hold up for a second session before fading off for a weekend ski trip to Vail. Like they say, “As always, sell on the way up to secure your profits” — Respect.
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