Having only traded 3 times all year, there is one marijuana related penny stock that has missed the 2014 surge, but could easily make all the gains missed out on within an hour. UA Multimedia, Inc. (UAMM) filed their 2013 annual report earlier today and, since curiosity roses it’s head to see what they were all about last year, finding out they have redirected their efforts to promote cannabis awareness makes UAMM stock a must have. Add on a float slightly larger than the population of Maine, some net income from 2013 and you’ve got yourself a pot stock that could be a 50-bagger!
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UAMM Stock Quote
Market Cap: 5.27M
Issued and Outstanding: 405,649,947
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UA Multimedia made money in 2013. Although it wasn’t a ton of cash, net income of $1,747 off of $68,500 in revenues, they currently own and maintain two websites: CannaMedi.com and Cannaxa.com.
CannaMedi.com acts as a “did you know that weed can..” website; an information portal that provides a wide range of information relating to the current development of the medical marijuana industry as well as information on health and treatments of illness using cannabinoid based remedies. Cannaxa.com acts as a “where to get weed” website; an online directory service with social networking and user reviews for cannabis product and service providers.
Both websites have been up and running for months already and UA Multimedia plans to grow them organically as well as externally via acquisitions of complementary businesses. This is a major score to find UAMM stock before the crowds do. Not a word has even been mentioned on iHub for more than 6 months as of the time of this alert publishing.
Actually, the last time UAMM even created a stir was back in October, 2013 when UA Multimedia agreed to acquire all interest of Coco Paris Media, Inc., a film production and distribution company. The deal was to cost the Company 10,000,000 shares of restricted UAMM stock, but, on January 29, 2014, UA Multimedia wisely canceled the acquisition, cancelling the 10,000,000 shares.
Within the annual report, the Company states that it is in negotiation with a few potential acquisition candidates in the marijuana industry and working diligently to arrive at a positive outcome. Seeing as how they weren’t scared to go after Coco Paris Media and that $180,381 of the $189,065 in current liabilities are considered to be worthless and possibly already written off since they stemmed from operations 2 years ago, UAMM stock might just be the cleanest marijuana stock ever to trade on the OTC markets.
About UAMM Stock
UA Multimedia, Inc. is a development stage technology company that provides website and mobile app solutions using modern web technology and social media and, as of recent, provides information and marketing services to companies in the medical marijuana industry. We are currently developing and maintaining two web properties, CannaMedi.com and Cannaxa.com, to promote public awareness of the medicinal use of cannabis and to bring about a standard of quality to the fast growing medical marijuana industry via social networking venues.
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Get UAMM on the list of penny stocks to buy immediately. The ask is currently 0.20 according the level 2 screen we’re looking at, but if that ask is even real, the moment UAMM stock begins trading, you can expect to see nothing but a steady climb upwards for at least the first few sessions.