Our scanners pulled out a few penny stocks that stood out among the rest On Tuesday that raised our curiosity levels. One particular company which stood out above the rest plans to open an active pharmaceutical ingredients manufacturing plant in South Africa: Vantage Health, Inc. (VNTH). Having already gained 993% since their 52 week low set on October 22nd, VNTH has been surging after investors were able to digest their 10-K filed less than one month ago.
Click HERE To Make Sure You Don’t Miss Any Of Our Breaking Alerts!
VNTH Stock Chart
Market Cap: 2.62M
Close: 0.0328, up 0.0138 (72.63%)
Dollar Volume: $20,371
Average Trade Size: 35,370
Issued and Outstanding: 80,025,000
Looking for Hot Penny Stocks?
Click here and get Alerts on the Best Penny Stocks FREE
Although VNTH stock is relatively fresh to trading, the need for cash is less than desperate as per their fiscal year ended June 30, 2012 whereby they had $300,687 on hand even though they had no revenues for the fiscal year, a continuing trend since their inception on April 21, 2010.
They lost their exclusive agreement with Shanghai Kehua Bioengineering Co Ltd, of China, manufacturers of the Diagnostic Kit for HIV (1+2) Antibody (Colloidal Gold) due to not having place sufficient orders required under the contract. The agreement ensured that Vantage Health had exclusive rights until the end of 2012 to sell the rapid test for the qualitative detection of antibodies to human immunodeficiency virus I and/or 2 in whole blood or serum or plasma in the continent of Africa.
They have, however, refocused their attention by recently entering into a 5 year contract with a health and beauty focused retail and supply group with over 590 stores across southern Africa. This contact, although not yet definitive, is estimated to generate as much as $1,000,000 in gross revenue.
It is worth noting though that Lisa Ramakrishnan, President, CEO, CFO, Treasurer, Chief Accounting Officer and sole Director of Vantage Health Inc., is the beneficial owner of 60,000,000 shares of VNTH stock. So with a public float, as of September 30, of just over 20 million shares, perhaps its worth a short-term addition to the watch list starting Wednesday.
About VNTH Stock
Vantage Health Inc., through a South African subsidiary to be formed, Vantage Health South Africa, is targeting the private sector in South Africa. Vantage Health’s South African subsidiary, Moxisign (Pty) Ltd., is in the final stages of entering into a contract with a health and beauty focused retail, distribution and supply group with over 590 stores across southern Africa.
Click here to view the SEC filings for VNTH.
Bottom Line: VNTH could see some action Wednesday so have it on the list of penny stocks to watch. Since VNTH stock has had limited trading over the last month plus and beyond, it’s worth noting that 5,775,000 shares were issued via warrants exercised at 0.05, $20,000 in cash and notes receivable totaling $268,750, during the fiscal year ended June 30, 2012.
Here is your opportunity to subscribe to the Most Read Penny Stock Newsletter
If You Can’t Make Money With Us, You Shouldn’t Be Trading Penny Stocks
(We are 100% Anti-Spam and will never rent or sell your information)Share