Cheap OTC Stocks: Roadships Holding (RDSH) Is Hot

Shares in the penny stock of Roadships Holding Inc, (OTC: RDSH) are surging todays after losing over 60% in the last five trading sessions. RDSH is currently at 0.035, up 45.83% on volume of roughly 7.7 million. Roadships Holding,  a development stage company engaged in building short sea ships in North America and Australia, is up 140% YTD thus far.

Penny stock alerts were circulated on Roadships Holding this morning. RDSH filed their 10-K earlier this week with the SEC. Financial highlights include cash of $231 (enough for two tickets to watch the Miami Heat play including parking and couple of beers), a more than 50% decrease in total assets, and revenues of $0 fye December 31, 2011.

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RDSH Stock Snap Shot:

Market Cap (intraday): 6.57M
52-Week High
(Apr 28, 2011): 1.01
52-Week Low
(Feb 2, 2012): 0.01
Avg Vol (3 month): 67,746
Avg Vol (10 day): 507,975
Shares Outstanding: 187.63M
Float: 60.09M

Revenues were $0 for the year ended December 31, 2011 versus $13,636 for the year ended December 31,2010. Although RDSH attempted several acquisitions during 2011 to augment revenues sources, none was successful. the 1o-K is 39 pages to basically say they have no money and without it, can’t build a ship or pay for their 800 sq ft office which costs $1,000 a month

To view the SEC filings for RDSH, click here.

Bottom Line: RDSH is a hot stock today so add it to your list of penny stocks to watch. Don’t see where this stock can go after 1pm but its hot right now.

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