Come Monday, although trading is still likely to be a week or so away, the penny stock of Synergy Strips Corp. (SNYR) is due to be quoted on the OTCBB. Merging into the “shell” of South African mining focused Oro Capital Corporation, Inc. (OCAP), it looks like the oral dissolving strip products finally found a home after attempting to do it late last year with Homie Recipes, Inc. (HOMR). Even though there is still a lot of work that needs to be done in the back office before SNYR stock can effectively be considered a promo candidate by any means, the details that are available make it worthy enough to have it on your watch list.
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SNYR Stock Quote
Market Cap: 54.00M
Energy drinks have forever been excellent penny stocks which have made traders who timed their entry and exit points a whole lot of money. Energy delivered in a oral strip you just stick on your tongue and allow to dissolve is a new one that some traders are getting familiar with due to Premier Brands Inc. (BRND) recent entry into the marijuana sector.
Synergy Strips Corp. attempted to merge into Homie Recipes, Inc. (HOMR) back on December 13, 2013, but terminated the agreement on February 12, 2014. No shares of HOMR stock ever traded after the merger agreement was entered into which leaves no reason to suspect that the expected to close by April 30, 2014 merger into what was Oro Capital Corporation is not going to be a done deal, especially having already changed the Company name and ticker symbol after the 30-for-1 split.
The stock split of a recently created company, Oro Capital Corporation, was the first indication that Synergy Strips Corp.’s SNYR stock is likely to see some promotional activity. Although it would be more convincing to see the 8-K indicating the change of name and stock split rather than just the merger agreement since the agreement clearly states that the authorized capital stock of Parent (Synergy Strips Corp.) will consist of 75,000,000 shares of Parent Common Stock (SNYR), $0.00001 par value, of which no more than approximately 49,000,000 shares of Parent Common Stock will be issued and outstanding.
In other words, there is due to be a substantial amount of shares Danny Aaron, current President, CEO, owns (150,000,000) which are due to be cancelled. 16,000,000 shares of SNYR stock, valued at $0.25 per share, have already been issued as part of the agreement to Jordin Mendelsohn and Mark Suponitsky. We know that, on June 27, 2013, ORO Capital Corporation issued 1,000,000 common shares for $0.04 per share for total proceeds of $40,000 to 37 individuals who participated in company’s initial public offering which, after a 30-for-1 split would equal 30,000,000 shares of SNYR stock with a cost basis of $0.0013 per share.
So, there still is some paperwork that needs to be filed before SNYR stock can be officially added to the pre-promotion stock list. There is also the case of the Synergy Strips website being nothing more than a big jpeg as well as their last official tweet having been sent on January 1, 2013. Once these t’s are crossed and i’s are dotted, there is a real good chance you see SNYR stock alerts being issued.
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About SNYR Stock
Synergy Strips Corp. is a development stage company in the business of developing and distributing oral dissolving strip products in the nutraceutical, vetraceutical and pharmaceutical market segments. The Company’s first product is an energy supplement in the form of an oral dissolving strip called “Synergy Strips” which has been approved for sale in the USA and Canada.
Issued and Outstanding: 180,000,000
Danny Aaron: President, CEO: 150,000,000
Last 5 Trading Sessions: (pre 30-for-1 split)
Besides some obvious updates that need to be addresses before SNYR can be a legitimate candidate of becoming one of the hot penny stocks to watch, there is some indication of where to target entering it at. A private offering of up to 5,000,000 shares of common stock at $0.24 per share is due to take place along with formal announcements of Jordin Mendelsohn and Mark Suponitsky as the new management. With what looks to be a very healthy low-float, fresh ticker that has some pizzazz to it’s business model, SNYR stock could be a major player this summer that those who stick to it during June and July could make a mini fortune off of.
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