The penny stock of United Treatment Centers Inc. (UTRM) is all the rage this morning in 3 of the 4 chat rooms we visited prior to the opening bell. Stoners still wearing yesterday’s skibbies are predicting a big bounce on UTRM stock after the momentum which lead up to yesterday’s open collapsed like a horse with no water in the scalding hot desert. While some of the believers are up 11,200% since the company switched over from being a failed subscription based online and day trading business, today’s return of Strategic Global Investments, Inc. (STBV) and newcomer Cal Bay International, Inc. (CBYI) are likely to steal the last of the thunder.
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UTRM Stock Quote
Market Cap: 28.83M
Last: 0.0113 ▼ -0.0031 (-21.53%)
Dollar Volume: $3,737,120
Issued and Outstanding: 2,551,159,696
14-Day Rel Strength: 74.32%
1st Resistance Point: 0.0137
1st Support Level: 0.0096
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To come right out and claim that your start up website, www.potnetwork.com, is going to be the CNN of the marijuana industry screams “we’re pumping UTRM stock” on a sound system that any 80’s rock band would do a comeback tour given the chance to use such a stage. To claim: “I can see potnetwork420.com quickly becoming what TheStreet.com is to the financial community” could be better worded if they mirrored the newly created entity to what Beat Street was to break dancing – A break out production which went away faster than the parachute pants they pranced around in.
UTRM stock took off back in early February after Chris Seminatore, United Treatment Centers Inc.’s newly appointed CEO and President, put a metaphoric gun to the head of their transfer agent and forced them to cancel 3,000,000,000 shares of common stock. By doing so and burying their dead-to-rights business plan in favor of a reverse merger with RedTruckSEO Inc., thus entering them into the marijuana industry, sub penny players of UTRM have been able to upgrade their Ford Pinto’s and black & white television sets in favor of a short-lived Timothy Sykes like lifestyle.
The drop on UTRM stock yesterday right off of the open goes to show that the loss of appetite for these fictitious business plans capturing as much of the recent marijuana hype are slowly losing their power. Gone are the days, albeit they were just 2 months ago, when any dead pinksheet stock could reinvent itself by throwing up a website about Cannabis and issuing a PR – or are they?
About UTRM Stock
United Treatment Centers Inc., d/b/a PotNetwork420.com, is a start up company focused on becoming the CNN of the marijuana industry with live daily coverage of breaking news from crop reports to stock reports.
Click here to view the financial filings for UTRM.
Click here to view the website for PotNetwork.
Last 5 Trading Sessions:
The lights went out quickly on UTRM stock yesterday and with up and coming marijuana penny stocks like STBV and CBYI, chances of a repeat performance are likely. Whatever the Wolf of Weed Street is flocking his sheep to, which isn’t UTRM stock, is the sub penny marijuana play that is best set on closing green.
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