Shares of the non-toxic paper battery technology focused Vendum Batteries, Inc. (VNDB) are seeing some large volume today on their penny stock. As of mid-day, 1,189,894 shares of VNDB stock has traded , up 59.57%, after spam messages were sent this weekend for a company that began with the sale of just one share for total proceeds of $2 on November 17, 2009 that had not been collected as of December 31, 2009. The confidence is surging for the company that deposited the $2 from that initial sale of 1 share into their bank account on March 4, 2010.
Remember the John Cusak movie: Better Off Dead? $2….I want my $2
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VNDB Stock Chart
A/O March 31, 2012
Shares Authorized: 750,000,000
Shares Outstanding: 523,934,496
20 Day Percent Change: -7.84%
20 Day Moving Average: 0.0458
20 Day Average Volume: 39,843
Times have changed for the Company located in “Fish-n-Chipsville” having reported $11,003 in cash and equivalents as of March 31, 2012. However, there still are no revenues and sending an update from El Segundo last week to inform shareholders of the hard work involved in restructuring, regrouping, and being ready to advance their main directive of increasing shareholder value has set of the trigger. That is a key phrase, “increasing shareholder value” like when Tom Cruise tells Cameron Diaz in “Knight and Day” that if they say safe or secure means she’s dead. Bagholders may be chasing VNDB to get their $2 if they don’t sell soon.
About VNDB Stock
Vendum Batteries Inc. is are working on developing a non-toxic, Carbon Nanotube based light-weight, rechargeable battery that they intend to market to various industries. At present, the Company is in the pre-production stage and do not have any products as they have not yet completed development of the technology or a prototype.
Bottom Line: This penny stock is a #2Flusher and about to have a date with the tidy bowl man. If it wasn’t for this being such a slow time in the market, VDMB wouldn’t have gotten any attention from anyone.
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