Correct data is a vital part of being a successful penny stock trader, especially when you’re knife catching, tying to catch the bottom of a big time loser. Silverton Adventures, Inc. (SVAD) is one such loser that has dropped every single trading session since it became active on July 15th. With OTCMarkets reporting SVAD stock having just 17,800,000 shares issued and outstanding, that’s just over ¼ of the amount that toxic financier Asher Enterprises reported owning on their SEC filing on July 22nd. The revelation makes for a silver-lined adventure on a bounce play.
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SVAD Stock Quote
Market Cap:
Last: 0.0006 ▲ +0.0001 (+20.00%)
Volume: 50,000
Open: 0.0006
High: 0.0006
Low: 0.0006
Trades: 1
Authorized: 75,000,000?
Issued and Outstanding: 527,800,000
14-Day Rel Strength: 35.43%
1st Resistance Point: 0.0006
1st Support Level: 0.0005
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The day after Asher Enterprises reported having the rights to own 52,727,220, 9.99% of the issued and outstanding shares of SVAD common stock based on the total of 527,800,000 outstanding , Ron Miller, CEO of Siverton Adventures, announced the issuance of Anti Dilutive Convertible Preferred B Stock to all confirmed stockholders in street name to compliment the same preferred shares that it has issued to management, and shareholders of record. Some “Anti Dilutive” move that was.
Seeing Asher Enterprises involved with a ticker you’re playing is like having our webcam on when while you’re cheating on your significant other. Chances are, you’re going to get caught with your pants down and the end result is going to cost you more money than it was worth.
Silverton Adventures does do some printing which brings some money into the door. For Q1 ended March 31, 2013, they booked revenues of $58,941 versus $72,862 for the same period in 2012. After deducting costs involved with generating those revenues, $131,927 for total operating expenses and another $122,132 in other expenses, the bottom line loss was ($233,110) versus a loss from operations of ($79,317) for the same period in 2012. Not good.
Revenues or not, PR or not, SVAD stock’s recent 3 week slide is due for a bounce. If you ever watched a knife fall off of a kitchen counter top, it sometimes bonces, but it is never high enough to even come close to reaching the point from where it fell.
About SVAD Stock
Silverton Adventures, Inc., through its wholly owned subsidiary, Silverton Printing, Inc., has a principal business objective of providing printing and mailing services to companies nationwide.
Click here to view the SEC filings for SVAD.
Click here to view the website for Silverton Adventures.
Last 5 Trading Sessions:
| Date | Last | Change | Volume | |
| 08/06/13 | 0.0005 | -0.0001 | -16.67% | 25,823,301 |
| 08/05/13 | 0.0006 | -0.0001 | -14.29% | 47,268,500 |
| 08/02/13 | 0.0007 | -0.0001 | -12.50% | 7,466,100 |
| 08/01/13 | 0.0008 | unch | unch | 1,644,600 |
| 07/31/13 | 0.0008 | -0.0001 | -11.11% | 20,299,801 |
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Bottom Line:
SVAD is on the bounce watch and is already showing a little bit of a pulse this morning. There are hundreds of better sub penny stocks to play, but with the recent volume of mainly losing trades, SVAD stock could see a return to 0.0009 before next weekend.
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