Just 2 months after filing their prospectus for the resale of up to 700,000,000 shares, the penny stock of Acology Inc. (ACOL) showed some significant signs of life after nearly doubling off of Tuesday’s close. Interest in the maker of the first-ever polypropylene airtight, watertight, smell-proof medical grade container is still significantly low. with volume barely having broken past 100,000 shares traded, yet the almost 80% gain on the day Wednesday is sure to have attracted some attention. With a built-in grinding component that can grind herbal medications, pills, coffee and teas, a possible play the marijuana sector and proven revenues from their product line makes ACOL stock one worth watching as the week comes to a close.
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ACOL Stock Quote
Acology Inc. has evolved quite a bit since the corporate shell was incubated in 1999 as Synthetic Flowers of America, Inc. and the Company was placed in receivership 5 years ago next week by order of the Circuit Court of the 13th Judicial Circuit in and for Hillsborough County, Florida. The Company came out of receivership on February 10, 2009 and managed to increase their authorized shares significantly prior to merging with D&C Distributors LLC on Christmas Eve. 2013, which became the surviving entity and become the wholly owned subsidiary of Acology.
In January of this year, the Company increased their authorized shares again, this time to 6 billion, and subsequently, on March 4, 2014, completed a private placement with 3 investors, the selling shareholders under the recently filed Prospectus of 700,000,000 shares of ACOL stock. Those 3 lucky sons of guns paid just $0.000571429 per share and are banking big time on each retail “buy” of ACOL stock.
What’s good to see is that Acology recently produced their 10Q for the 3 and 6 months ended June 30, 2014 which reported revenues of $94,628 and $168,547 for the respective periods versus $51,630 and $90,246 for the same respective periods in 2013. The sales, which stem from the Company’s unique containers, “The Medtainer“, were from 48,145 units during the first half of 2014. With a current inventory of 64,120 containers, Acology expects that they will be sold to their distributor and to customers over their website for approximately $225,000.
Although the growth is not yet enough to produce a positive net income number with gross profits coming in at just under 67% on the first 6 months revenues, the increase in top line numbers is promising. Unfortunately, the cost of those 700,000,000 shares of ACOL stock and the fact that Acology expects to need to raise $1,200,000 in additional funding for its operations for the next 12 months, yesterday’s green blip on ACOL just might have been enough bait to get those who fail to research their tickers a reason to grab some shares.
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About ACOL Stock
Acology Inc. is a development stage company in the business of designing, manufacturing, branding and selling proprietary plastic medical grade containers that can store pharmaceuticals, herbs, teas and other solids or liquids, some of which can grind solids and shred herbs.
Click here to view the SEC filings for ACOL.
Click here to view the website for Acology Inc
Issued and Outstanding: 4,546,049,785
Last 5 Trading Sessions:
rarely do you ever see penny stocks which such an enormous number of issued and outstanding shares trade as high as ACOL stock currently is. With the 3 private investors who are selling the 700,000,000 shares through the prospectus currently up 31,478% on their investment, seeing ACOl stock above 0.02, let alone 0.20, is a bit too risky to put in an air tight bottle and hope the dogs don’t sniff what’s inside.
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