Day Trade Penny Stocks List: FONU2 Inc. (OTC: FONU)

Day Trading is a profitable way to take advantage of penny stock picks and alerts of Companies that haven’t had much volume trade on them in recent weeks. Well, FONU2 Inc. (OTC: FONU) stock is a perfect candidate as their was 0 volume traded in the last session and volume has been extremely low for some time now. FONU stock is set to open today’s session at one shiny quarter; $0.25.

Looking for Hot Penny Stocks? Click here and get Alerts on Penny Stock Picks FREE.

FONU2 Q1 Highlights:

During Q1 2012, FONU reported revenues of $56,869, a slight increase from Q1 2011 revenues of $51,369. Cost of goods sold during Q1 2012 and 2011 were $48,775 and $13,251, respectively, roughly 86% and 26% of sales in these periods. FONU operating expenses increased to $213,434 during Q1 2012 from $112,873 the year-ago period. The increase was due to significantly higher general and administrative expenses.

After all the numbers were totaled up and the votes counted, FONU  Q1 2012 net loss was $221,136, or -$0.02 per share, compared to a net loss of $85,853, or -$0.01 per share during the Q1 2011.

Note: Comparing Q1 2012 and 2011 FONU Common stock; $0.001 par value, 2,000,000,000 shares authorized, 65,386,182 and 9,097,420 shares issued and outstanding, respectively

FONU Stock Analysis:

FONU2 filed their Q1 earnings report on Monday whereas their were 65,386,182 shares outstanding out of the 2 Billion shares authorized. Subsequent to March 31, the Company also issued:

On May 1, 2012, FONU2 signed a $20,000 promissory note with a third party. The note bears interest at 10% per annum and is payable upon demand. As additional consideration for the note, the Company agreed to issue 25,000 shares of its common stock.

On May 4, 2012, FONU2 issued:
• (i) to Jeff Olweean 150,000 “unregistered” and “restricted” shares of common stock pursuant to the terms of his Independent Contractor Agreement;
• (ii) to Robert B. Lees 25,000 “unregistered” and “restricted” shares pursuant to the terms of his Executive Employment Agreement; and
• (iii) to Nicole Leigh 25,000 “unregistered” and “restricted” shares pursuant to the terms of her Executive Employment Agreement.

On May 14, 2012, FONU2 issued 747,757 shares of common stock to Jeff Olweean upon conversion of 75,000 shares of preferred stock.

On May 9, 2012, FONU2 accepted the subscription of one investor for 40,000 units, with each unit consisting of one “unregistered” and “restricted” share of common stock and one warrant to purchase an additional share of common stock at a price of $0.50 per share, exercisable for one year.

About FONU Stock:

On March 29, 2012, the Company; Cygnus Internet, Inc., a Florida corporation; and Jeffrey Pollitt, who is the beneficial owner of approximately 37% of Cygnus’ outstanding shares, executed an Agreement and Plan of Reorganization by which the Company acquired all of the material assets of Cygnus used directly or indirectly in the operation of Cygnus’ business, including but not limited to Cygnus’ operations that are currently conducted under the names “FONU2,” “FONUS.COM,” “CANDYFONE” and “CANDYFONE.COM,” together with all intellectual property, computer hardware and software associated with such business.

FONU2 is a precision mobile sales and marketing platform that functions like an order reservations and booking system where users, via their mobile phones and computers, list, buy, sell, trade services and items locally in any neighborhood, anywhere in the world and get paid with the FONU2 end-to-end mobile phone payment system.

Customers and Markets:

By enabling millions to transact business on their mobiles FONU2.COM is infinitely scalable, and positioned to reach global markets and generate high transaction volumes right from launch. The FONU2.COM brand is globally recognizable and requires no international translation or rebranding. Growth Strategies include creating viral growth through massively scaled social networking campaigns, operating “super-charged” member retention and referral programs while reinforcing with traditional public relations and communications initiatives.

Bottom Line: Day trade the penny stock FONU and be out before the acid indigestion kicks in from lunch. If FONU stock gaps on the open, walk away because finding sellers is not going to be an issue today, its finding buyers that will be tough.

Here is your opportunity to subscribe to the most elite penny stock newsletter.

Sign up with your email address now & get ready to make HUGE PROFITS on stocks that RUN.

(We are 100% Anti-Spam and will never rent or sell your information)

Last updated by at .

  Recent Penny Stock News