Penny stock investing in Stevia companies in their early stages has been very lucrative for many investors. Since December, 2011, Stevia focused penny stocks have had some huge short-term runs like Stevia Corp. (OTC: STEV) stock gained 391%, Stevia First Corp. (OTC: STVF) stock gained 362%, Stevia Nutra Corp. (OTC: STNT) started trading last week gaining 38%. Another company was added to the list of penny stocks today, Stevia Agritech Corp. (OTC: KOMK), while another, GLG Life Tech Corp. (Nasdaq: GLGL), announced intentions to delist.
So, is Stevia really a multi-Billion dollar industry worth investing or should these penny stocks be treated accordingly: play’em and slay’em?
Looking for Hot Penny Stocks? Click here and get Alerts on the Best Penny Stocks FREE.
GLGL Stock Chart
Market Cap: 26.17M
(Jul 27, 2011): 8.90
(Apr 20, 2012): 0.58
Avg Vol (3 month): 22,770
Avg Vol (10 day): 0
GLGL stock has not traded since May 2nd when it closed up 7 cents, 10.03%, at 0.79 on volume of 18,316 shares. GLG Life Tech has the longest history in the markets of the Stevia penny stocks listed above. However, GLGL was not always a penny stock on the Nasdaq exchange. GLGL stock traded as high as $12.45 back in February of 2011. (see here)
Late Thursday evening, the Company announced that its former auditor, PricewaterhouseCoopers LLP, resigned effective May 22, 2012, at the Company’s request and replaced by Thomson Penner & Lo LLP. Furthermore, they also announced their intention to delist GLGL stock from the Nasdaq Global Select Market as soon as practicable as well as voluntarily terminate its public reporting obligations under the U.S. Securities Exchange Act as soon as possible. Why? GLG Life Tech determined that the costs of maintaining their stock listing and registration in the U.S. and complying with SEC reporting and other applicable U.S. obligations, including the provisions of the Sarbanes-Oxley Act of 2002, outweighs the benefits of continuing such listing and registration of the Company’s shares.
So do Stevia Nutra Corp. (STNT) and the newly listed Stevia Agritech Corp. (KOMK) have any idea what they have gotten themselves into? Of course they do. STNT stock, as we uncovered last week while everyone was searching for the buy 1, get 1 sales of charcoal for Memorial Day, is set up to perform exactly as STEV and STVF stocks did. KOMK is so new that the only factual information available right now is on their SEC filings. (see here)
Stevia Agritech Corp., formerly Kids Only Market Inc., reported in their most recent 10-Q for the period ending March 31, 2012 cash of $15,583 and 4.9 million shares issued and outstanding. That’s it. There were no revenues and expenses totaled out to be $3,132. From April, 2010 until March 31, 2012, the company planned to offer an on-line resource for buyers and sellers of children’s “hand me down” items. An online garage sale. And I thought FrogAds.com (FROG) was dumb.
Subsequent to the Q1 filing for KOMK, the Company changed its name from “Kids Only Market Inc.” to “Stevia Agritech Corp.” and approved a 15 to 1 forward stock split which gave KOMK 43.5 million post-split common shares issued and outstanding. So, say hello everyone and give a warm welcome to Lester Esguerra Martinez, President, CEO, CFO and Director of Stevia Agritech Corp. and KOMK, the newest of the stevia penny stocks to get played and slayed.
Bottom Line: KOMK would be the only one of the penny stocks to buy as soon as it is listed and begins trading since no one else even knows about it yet. STNT is another that should be on the list of penny stocks to watch but understand that none of these stevia penny stocks have had volatile rallies like AGRT, SNPK, GWBU or ORYN. They grow like the pant itself and then get harvested by the smart farmers who planted seeds in the shares early.
Here is your opportunity to subscribe to the most elite penny stock newsletter.
Sign up with your email address now & get ready to make HUGE PROFITS on stocks that RUN.
(We are 100% Anti-Spam and will never rent or sell your information)Share