After spending the first 8 months of the year skidding down to virtual worthlessness, the penny stock of Vision Industries Corp. (VIIC) finally hit a speed bump on the last trading session fo August and used it to fuel itself into the top 10 traded OTC stocks to start September. Shares of VIIC stock exploded from the open, crushing past the 0.01 level before opening bell coffee had cooled down and cruised all morning up into the 0.016 range before the road became a bit bumpy for the revenueless zero-emissions electric/hydrogen hybrid powered vehicles Company’s ticker. With a request for those who failed to cast their vote at last months shareholder meeting to do so, even though the authorized shares are going to increase anyway, early September traders took full advantage of the opened door from this long winded, 2014 stinker.
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VIIC Stock Quote
Market Cap: 1.52M
Last: 0.015 ▲ +0.0083 (+123.88%)
Dollar Volume: $681,060
14-Day RSI: 83.35%
1st Resistance Point: 0.0186
1st Support Level: 0.0092
52Wk High: 0.11
52Wk Low: 0.001
The last three trading sessions have been absolutely enormous for VIIC stock with Thursday, August 28th, bring the biggest of the year with 149,650,576 shares traded, bouncing off the 0.0013 low for nearly 10-bagger intraday gains before closing at 0.007. Friday and today followed suit with trading sessions well above the norm, both breaking past 50,000,000 shares traded without even breaking a sweat.
It would make sense that VIIC shares would run after today’s announcement that Vision Industries Corp. is about to unveil their newly developed “Range Extender” for Class 8 trucks, originally designed for short-haul cargo transportation. That “short-haul” is exactly the vision that savvy traders have who are flipping VIIC shares after seeing that, not only is the Company due to increase their authorized shares to 10,000,000, but that the current portion of notes payable, as of June 30, 2014, was a whopping $2,295,808, roughly $2,288,000 more than the $7,249 the Company had in cash as of the end of the first half of the year.
Fuel cell developers caught some much needed attention after Tesla Motors (TSLA) proved that the concept not only works, but that there is a market for zero-emissions vehicles in the U.S. market. What Vision Industries Corp. has failed to do in comparison to Tesla is to be able to monetize their idea and put some money in the bank in the form of sales/revenues.
With names like Asher Enterprises, Beaufort Capital Partners, LLC, JMJ Financial, and QIF Malta 1 Ltd. involved in the lending process to obtain cheap shares for dumping, it’s no wonder VIIC stock slid down from the 0.10 level it started the year out at to nearly trip-zeroes. With this three-day sale going on and VIIC stock responding well to the flipping activity hitting it, the question as to whether enough there is enough fuel left in the cell to propel it over 0.02 before it returns to under 0.01 is the answer everyone seems to already have formed their own opinion on.
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About VIIC Stock
Vision Industries Corp. is a development stage company concentrated on the development and production of zero-emission drivetrains for heavy-duty vehicles.
Issued and Outstanding: 174,378,738.
Last 5 Trading Sessions:
Bounce plays with huge volume on penny stocks that involve Asher enterprises or JMJ Financial almost always lose their momentum faster than a trader can say “what the heck just happened to the bid support?” VIIC stock, up as much as 1,150% since Thursday’s lows, is one for the books for those that have moved on and are looking for the next 10-bagger.
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