The Engine Is Rev’d Up For Delaine Corp. (DEPN) Stock

DEPN Stock, Delaine Corporation, CarMonkeysThe penny stock of Delaine Corporation (DEPN) appears to be revving up ts engines after coming off a strong Q filing from Friday. Known for being one of the better online portals to source new and used automotive parts, the Company, thanks mainly to CarMonkeys.com, banged in over half a million dollars in total sales for the most recent quarter. Having traded less frequently this year than most people check their tire pressure in a car’s lifetime, kicking around the idea of DEPN stock a play this week might be best of traders strap on their seat belts for what should be a fast & furious paced ticker.

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DEPN Stock Quote

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Delaine Corp. is a classic, start-up and make money quickly business thanks much in part to the proprietary algorithms to source car parts developed by Mariusz Girt, the Company’s president. Having launched their first online portal, CarMonkeys, in June of last year, the Company managed to book $672,858 in net revenues for the year ended June 30, 2014 which produced a net income of $94,583, or $0.00145 per share.

Granted the net income per share numbers aren’t record breaking by any means, however, the fact that they were able to produce a positive bottom line alone after just one year of business and do it without incurring any convertible notes to fund themselves, speaks volumes for Delaine Corp. DEPN, on the other hand, has been lacking volume as witnessed on page 14 of their 10K filing, whereby the Company states:

Over the past two years, our stock has only traded on the days set forth below.

 

Date

Open High Low Close Volume

07/27/2012

0.15 0.15 0.15 0.15 500

3/11/2014

0.25 0.25 0.25 0.25 1000

6/12/2014

0.25 0.25 0.25 0.25 800

8/19/2014

0.15 0.15 0.01 0.05 198313

8/22/2014

0.05 0.05 0.05 0.05 10000

8/27/2014

0.05 0.05 0.04 0.04 140000

9/2/2014

0.07 0.086 0.06 0.082 130000

9/3/2014

0.1 0.1 0.078 0.078 45000

9/4/2014

0.1 0.1 0.09 0.1 66600

9/5/2014

0.105 0.105 0.096 0.1 53400

9/8/2014

0.095 0.1 0.095 0.1 18600

9/9/2014

0.1 0.1 0.1 0.1 10000

9/10/2014

0.096 0.096 0.09 0.09 20000

9/16/2014

0.075 0.075 0.075 0.075 30000

A good reason for why DEPN has yet to see it’s day(s) of volume is likely due to their being just 51 shareholders of record, according to their 10K filing, and no outstanding warrants or other agreements to issue any shares. Seeing as how DEPN shares have just recently traded on 3 consecutive days, Wednesday, Thursday and Friday, chances of seeing a surge in interest towards DEPN is more than likely as the week begins.

If August 19 is of any significance, 0.15 might just be too low of a target if DEPN stock goes off to the races this week.

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About DEPN Stock

Delaine Corporation, through their online stores Car Monkeys and Low Mlage Parts, is a company that provides online sales of recycled automotive parts using the Company sole’s and exclusive license to certain proprietary technology relating to online procurement of goods.

Click here to view the SEC filings for DEPN.
Click here to view the website for CarMonkeys.com.

Authorized: 100,000,000
Issued and Outstanding: 65,112,813

Last 5 Trading Sessions:

Date Open High Low Last Change % Chg Volume
11/14/14 0.0300 0.0400 0.0300 0.0300 unch unch 5,700
11/13/14 0.0300 0.0300 0.0300 0.0300 unch unch 22,100
11/12/14 0.0280 0.0300 0.0270 0.0300 +0.0020 +7.14% 38,200
11/05/14 0.0280 0.0280 0.0280 0.0280 +0.0120 +75.00% 1,000
10/31/14 0.0180 0.0210 0.0160 0.0160 -0.0050 -23.81% 30,800

 

Bottom Line:

With 15,023,330 shares owned by the Company’s directors and officers, another 15,873,516 owned by 5% or more beneficial owners located in Poland, there is a real possibility of DEPN replacing it’s 0.03 share price with one much higher very soon. Everything appears to be quiet right now among the penny stock chat rooms when it comes to DEPN, but chances are, the engines are all rev’d up and ready to peel out as soon as the bell clangs today.

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