Paying close attention to or list of penny stocks to watch when we have a bullish report on them paid off big for those followers who got in early on Fresh Healthy Vending International, Inc. (VEND). Gaining not only 0.24, +10% for the day, but also a spot on the high traffic list of the top 20 OTC stocks traded, VEND stock secured a spot on every trader’s radar screen after hard mail brochures began arriving thanks to Wall Street Revelator. With a float so small, short-term price targets of 3x what today’s close was and expansion of the company’s Fresh Healthy Vending franchisees to over 205, Santa’s sleigh bell’s are ringing and gift’s of more green are what’s inside.
Our Next Pick Is Coming Soon! Click HERE To Make Sure You Don’t Miss Any Of Our Breaking Alerts!
VEND Stock Quote
Market Cap: 63.00M
Last: 2.49 ▲ +0.52 (+26.40%)
Dollar Volume: $1,358,124
Issued and Outstanding: 25,147,866
Nicholas Yates: 16,148,278
14-Day Rel Strength: 76.40%
1st Resistance Point: 2.6367
1st Support Level: 2.2067
Looking for Hot Penny Stocks?
Click here To Receive FREE Penny Stock Alerts
Today, for the most part, marked the inauguration of the VEND stock run. Fresh Healthy Vending International has already been on the PR circuit for nearly 3 weeks with nothing but good news of expansion by way of new franchisees and newly secured locations, 74 for the month of October alone which nearly doubled their total.
The news from this morning, plans to employ $700,000 to purchase equipment for newly secured locations in San Diego, route acquisitions and to fund partnership opportunities with the company’s franchisees added some bullish fuel to the nation’s largest healthy vending machine company’s fire. Although their Q filing is late as of Friday, the Company raised $1.2 million in July from the sale of its common stock, VEND, to fund its capital expenditures, working capital and other cash requirements.
This additional 2,788,369 shares of VEND stock that 18 purchasers acquired at roughly $0.44 per share, should not impact the share price much when investors get a chance to see the Q fling for the 3 months ended September 30, 2013.
The main reason why VEND stock took off late Friday and all of today was due to a 24 page hard mailer from Wall Street Revelator which began arriving in mailboxes across the country. Within the 2 dozen pages are highlights of how pending law changes for a “Jamie Oliver” type society of soda/snack machines being removed from where our children attend school to be replaced with healthier options. This, coupled with the Company’s success which we detailed in our initial report has WSR looking for $6.81 within the next 6 to 12 months, $22.90 in the next 36 months.
The presence of WSR is significant having played a major role with American Graphite Technologies Inc. (AGIN) and Maxwell Resources, Inc. (MAXE). Both AGIN stock and MAXE stock saw their runs end well below the target prices they were issued.
Call it what you want, but with Nick Yates holding more than 60% of the issued ad outstanding shares of VEND, that LOTE like $22.90 could come alot sooner than 36 months.
About VEND Stock
Fresh Healthy Vending International, Inc. is a Franchise Development Company and operator of Company-owned vending machines that makes healthy eating more convenient through access to high quality healthy foods at high foot traffic vending destinations.
Last 5 Trading Sessions:
Our expectations on VEND stock are for it to atleast double from today’s close, making it a penny stock which should be watched by all. Although the timing may not be so appropriate for VEND to see massive spikes in price with the holiday’s approaching, a steady run upwards should be unimpeded through the next few weeks.
Our Next Pick Is Coming Soon!
Text Keyword “AIMHIGH” To 99000 To Make Sure You Don’t Miss It!