Can SolaPad Drive DOMK Out of Penny Stock Classification?

One penny stock to be watching today and all of next week is DoMark International Inc. (OTC: DOMK). Domark, makers of the “SolaPad” via their wholly owned subsidiary SolaWerks, has confirmation from the manufacturer that the first order of production units are being prepared for shipment. DOMK shares closed yesterday trading session up 3.28% at $2.83 on volume of 364 thousand. DOMK stock is still $2.05 under its 52 week high of $4.88 that it marked earlier this month. If DOMK stock breaks that with SolaPad being a hit, will it still be a penny stock if it’s over $5 a share?

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DOMK Stock Chart:

According to the press release from DoMark, Management anticipates pre-orders for “SolaPad” will be accepted via the SolaWerks website by the middle of next week. Deliveries to pre-order customers are anticipated to begin during the 1st week of June.

Note: This item, the SolaPad, as they describe it seems like a revolutionary product in a very popular market, the Apple Inc. (Nasdaq: AAPL) iPad. However, having visited many an IR page of a Company, the one of DoMarks seems to read more like a hard mailer instructing you how to purchase the shares than just giving you the cut and dry hard facts.

Check out the countdown and IR page of DOMK stock by clicking here.

Bottom Line: The penny stock could jump back to the $4.88 level in an hour as easily as it could trade at the 0.63 level it was at just over a month ago. regardless, the SolaPad is a pretty neat product and delivery of the product will be a big monkey off the back of DOMK shares being considered a typical penny stock: Good Story, No Substance

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