There is a penny stock on the OTC Markets that we stumbled upon over the weekend that just might be worth adding to your acquisition/watch list if you’re one of those traders that likes to get in front of an upcoming volume spike. BioCube, Inc. (BICB), a company that hasn’t filed a quarterly statement with the SEC since the period ended September 30, 2013, filed two 8-K’s last week that gives plenty of reason to think that volume is due to hit the ticker in the very near future. Although they are no longer developing and marketing Li-ion batteries in North America, their agreement to acquire two separate mobile applications for patients of medical marijuana facilities in Canada and the United States and the hiring of a new accountant has BICB stock firmly planted on the list of marijuana stocks to watch closely.
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BICB Stock Quote
Market Cap: 448.43K
Last (July 17): 0.01
52Wk High: 0.019
52Wk Low: 0.005
Now we all know that marijuana stocks have taken a back seat to, well basically they are crowding the backseat along with every other sector on the OTC except for the rare runners that have about the same amount of running time as a poorly charged Li-ion battery. However, BioCube’s BICB looks somewhat attractive from the looks of things with 3 possible catalysts that could send the low floater into a buzzworthy couple of trading session at some point this month.
Firstly, the two recent 8-K filings by Boris Rubizhevsky, CEO/CFO of BioCube, is indicative of a possible surge to come on BICB stock. The first was filed on July 25, the Company’s first SEC filing of 2014, which provided the required update that the Company had changed accountant’s from Moss, Krusick & Associates, LLC to Li and Company, PC which indicates that updated filings could soon be coming out. The other, filed on Thursday, July 31, shows the Company doing a deal with Innovative Holdings, Inc. for 2 apps which cater to the medicinal marijuana industry which cost the Company $45,000 in the form of 2,000,000 restricted common shares of BICB stock and a convertible promissory note in the amount of $25,000.
The involvement of Innovative Holdings is the second reason why BICB stock deserves to be watched since, not only did they develop and agree to sell the two medicinal marijuana apps to BioCube, but their core business is website development for publicly listed companies of all market caps. The fact that they are in bed with BICB by holding 2,000,000 restricted shares should be reason to believe that the revamped website for BioCube, highlighting the two marijuana apps, will be one which can gain investor’s trust.
The third reason we think BICB stock deserves to be watched closely is twofold: (i) the share price for what was last reported to be a float of just 3,500,000 is simply way too low to allow it to pass by without noticing it, and (ii) there was a boatload of convertible debt on the books the last time BioCube filed with the SEC. Based on the fact that Asher Enterprises was one of the smallest of the notes payable on the books, while others like Lotus Capital Investments, Blue Shoes Investments and Crystal Falls Investments, LLC help to make up portions of the $1,033,396 that was on the books as of September 30, 2013, a bunch more was likely issued and BICB is going to have to have some volume for them to be able to get their money back.
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About BICB Stock
BioCube, Inc. is a development stage company that, due to their recent Asset Purchase Agreement with Innovative Holdings, Inc., has recently entered into the medical marijuana industry by purchasing two (2) separate mobile applications for providing medical marijuana patients in legal states within the United States, and through out Canada to locate nearby doctors, dispensaries and rate and review strains with a touch of a finger.
Authorized: 300,000,000
Issued and Outstanding: 44,842,758 (as of September 20, 2013)
Click here to view the SEC filings for BICB.
Click here to view the website for Innovative Holdings, Inc.
Last 5 Trading Sessions:
| Date | Open | High | Low | Last | Change | % Chg | Volume |
| 07/17/14 | 0.0100 | 0.0100 | 0.0100 | 0.0100 | -0.0050 | -33.33% | 5,000 |
| 07/11/14 | 0.0150 | 0.0150 | 0.0150 | 0.0150 | unch | unch | 10,000 |
| 07/10/14 | 0.0150 | 0.0150 | 0.0150 | 0.0150 | +0.0050 | +50.00% | 27,500 |
| 07/09/14 | 0.0100 | 0.0100 | 0.0100 | 0.0100 | unch | unch | 36,700 |
| 06/30/14 | 0.0100 | 0.0100 | 0.0100 | 0.0100 | +0.0035 | +53.85% | 20,000 |
Bottom Line:
The storm might not be a perfect one considering how marijuana stocks have all but burned themselves out and the majority of traders have left the penny stocks on the OTC to either go to the beach or play the big boards while they’re running. Nevertheless, BICB has the makings for what could be a nice flip play if the chance to get in at around 0.01 presents itself. With the current ask at 0.035, it’d be best to see some real action come to BICB stock before one goes ask slapping out of shear boredom.
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