To kick off the month that traders begin to refocus their attention on thinly traded penny stocks in hopes for a major motion upwards, we’ve had a close look at Big Screen Entertainment Group, Inc. (BSEG) after coming off a remarkable fiscal 2013. Shares of BSEG stock trade pretty regularly, but have only once seen volume 300,000 over the course of the past year or so and it put the global entertainment company firmly on the map, especially with the upcoming DVD/Blu-Ray release of CRIMSON WINTER on October 7. While $1.5 million in net income for the year ended March 31, 2014 might not sound so impressive, what really looks impressive is just how little it takes for this little giant to make a move big enough to command some early attention.
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BSEG Stock Quote
Market Cap: 4.43M
Last: 0.05
Volume: 5,500
Dollar Volume: $372
Open: 0.05
High: 0.0797
Low: 0.05
Trades: 5
14-Day RSI: 67.30%
1st Resistance Point: 0.0698
1st Support Level: 0.0401
52Wk High: 0.12
52Wk Low: 0.0101
The very first reaction most OTC traders will have when they see that only $372 has traded on BSEG stock is that it’s not liquid enough to warrant paying any attention to. However, once you’ve had a look at the level 2 screen and see just how profitable Big Screen Entertainment Group has been over the last two fiscal years, couple that with the severe lack of debt, and a more focused approach towards BSEG stock might just be taken.
Big Screen Entertainment announced almost 2 months ago that they are due to be associate producers for China’s biggest television event, a talent show televised on China’s CCTV “Chinese New Year Gala” which airs to over one billion viewers. For the first time in history, Red China has opened their doors to North American talent to be involved in their most famous show aired by the biggest TV station in the world, CCTV. The “I Want to Be on The Show” is set to air the finals on CCTV on September 16, just 2 weeks from now.
Not that the impact of Big Screen Entertainment being involved with China’s biggest TV show will make a HUGE impact on their already impressive bottom line, any new ventures adding to their revenues for fiscal 2014 to beat out the $2,022,623 booked during fiscal 2013 or $636,488 during fiscal 2012 are sure to be positive. Running a business model that produced $0.02 a share net income, $1,504,623, during fiscal 2013 which ended March 31, 2014 is sure to have investors salivating to see what the mini media giant will post for their 1st quarter ended June 3, 2014.
With a portfolio what includes some edge-of-your-seat horror movies, a couple of sci-fi thrillers and comedies like “Dirty Love” which features former Playboy princess Jenny McCarthy acting out a script she wrote herself, BSEG stock is pretty much scripted for a major move upwards. While it might take the Q1 filing to surface before traders take notice of BSEG, having a glimpse of the thin-as-ice Level 2 screen might bring in some early viewers looking to get a ticket prior to the crowds.
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About BSEG Stock
Big Screen Entertainment Group is a development stage media conglomerate with divisions in film, television, music and video games.
Click here to view the filings for BSEG.
Click here to view the website for Big Screen Entertainment.
Authorized: 385,000,000
Issued and Outstanding: 88,518,508
Last 5 Trading Sessions:
| Date | Open | High | Low | Last | Change | % Chg | Volume |
| 08/29/14 | 0.0475 | 0.0600 | 0.0400 | 0.0500 | +0.0025 | +5.26% | 16,300 |
| 08/28/14 | 0.0424 | 0.0475 | 0.0367 | 0.0475 | +0.0108 | +29.43% | 16,200 |
| 08/27/14 | 0.0410 | 0.0448 | 0.0350 | 0.0367 | -0.0083 | -18.44% | 451,400 |
| 08/26/14 | 0.0350 | 0.1075 | 0.0300 | 0.0450 | +0.0100 | +28.57% | 1,830,600 |
| 08/25/14 | 0.0350 | 0.0350 | 0.0300 | 0.0350 | +0.0050 | +16.67% | 56,000 |
Bottom Line:
$1.5 million in net income, hardly any shares issued during the course of fiscal 2013, and being involved with the most populated country in the world’s most popular television event of the year has to be catalysts for BSEG to cease being a thinly traded penny stock. While predicting the future on the OTC has gotten harder and harder over the last couple of months, forecasting that BSEG moves after they report net income for Q1 appears to be a simple prediction.
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