A propagating disturbance hit the OTC Markets on Thursday ad traders were puzzled to determine what was causing the sudden volume on the penny stock of Unisource Corp. (USRC). Unlike other times when a stock price gets crushed like a grape, USRC stock had not seen volume like today’s and had not issued any updates since November when they went current on the PinkSheets. Needless to say, the shocker with so much volume and attached speculation, it’s peculiar to find that the current CEO appears to be a blast from the past of a Nasdaq listed penny stock which began on the pinks.
USRC.PK stock finished the trading session as the 12th most traded penny stock on the OTC.
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USRC Stock Quote
Market Cap: 9.48M
Last: 0.114 ▼-0.586 (-83.71%)
Dollar Volume: $754,785
Issued and Outstanding: 94,041,086
14-Day Rel Strength: 24.30%
14-Day Stochastic: 2.05%
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Thursday’s OTC Markets trading started out as it was expected to. Green Innovations Ltd. (GNIN) tanked at the open, Awesome Penny Stocks’ Swingplane Ventures (SWVI) offered some false hope of support, and Medical Marijuana (MJNA) continued its descent t a realistic price level back towards 0.15.
All of a sudden, Unisource Corp. sprung on to the scene wearing a pink unitard with a flowing red cape and just began to crush the radar screens. Shares of USRC stock blipped up nearly 50% until traders were off to their scheduled 12:30 lunch breaks. Within seconds, the share price had dipped to as low as 0.40 before some over aggressive speculators stepped in only to be stepped on as the end of the day finished with 11 form-t trades and nearly $1 million dollars traded.
So what’s Unisource all about?
Well, the website doesn’t work and the data filed with OTC Markets is pretty thin. While there were sales of just over $36,000 for the three months ended September 30, 2012, effective October 31, 2012, the Company executed a series of share exchange agreements that resulted in Unisource’s ownership of 75% of the stock of Visionship, Inc.
Visionships’ VsPAD (Visionpad) ‘THE PAPER FREE SOLUTION’ and core application of Visionship, Inc., converts PDF documents and forms from any company into “VisionDocs” – interactive paperless PDF documents editable on a mobile wireless device known as VsPAD (IPad).
Furthermore, Unisource’s next target acquisition is a third party logistics service company providing transportation solutions across all major transportation modes on behalf of its customers. The target’s customers range from small, independent suppliers to large manufacturers and warehouse operations, located across the U.S. from New Jersey to California.
With a wide carrier base, The Company’s target is able to provide all transportation modes within the U.S., Canada, and Mexico, including:
• Less than Truckload (LTL)
• Domestic Air and Expedited Services
Now we have an understanding of what Nicholas Ferber, CEO and President of Unisource Corp., vice-chairman of the Miami Finance Forum and managing partner of Sanford Barrows Group, is doing with the Company. The question is: is this the same Nicholas Ferber who helped Synthesis Energy Systems, Inc. (Nasdaq: SYMX) get listed back in 2005 when he was the Treasurer and a director of Tamborine Holdings, Inc., a shell company trading on the Pink Sheets?
If it is or isn’t, the current matter at hand is where the heck is USRC stock headed to and what are the plans for the Company? Will they issue an update of the logistics company they were targeting having been acquired? Was Thursday an anomaly for USRC stock? Or, like many are hoping, is this just the beginning of much bigger things to come?
About USRC Stock
Unisource Corp. is focused on the acquisition of logistics technology providers and third party logistics companies.
Last 5 Trading Sessions:
Bottom Line: PinkSheets listed penny stocks that just suddenly show up on the top 10 traded list out of no where deserve the attention of being watched. USRC is a very interesting stock from a number of point’s of view, the most appreciated of which is that it was a $1-$2 stock for years until today. What’s tomorrow’s future hold for USRC stock? If I knew that, I wouldn’t have to write about it now would I?
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