Want some “Research Driven Investor” alerts, you got it: Don’t even think of buying shares in Empowered Products, Inc. (EMPO) unless you’re a bagholder. The email alerts have already begun and are likely to triple between now and the opening bell for the #2Flusher EMPO stock as the next best thing in sexual wellness products. The stock could go from $1 to $15 if you move the decimal point to thew left two times.
The irony of this Research Driven Investor penny stock pick is the SIC – Industry Classification: 2844 – Toilet Preparations. If you can’t see the irony in that, Should I Call You?
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EMPO Stock Chart
Market Cap: 56.15M
Dollar Volume: $0
Average Trade Size: 0
Issued and Outstanding: 62,388,856
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You want to be a Research Driven Investor? Research this: Before Empowered Products changed their name and split their stock 44-for-1, they were On Time Filings Inc. and, according to their S-1/A, filed on June14, 2010, registered 5,000,000 shares of common stock in a direct public offering at a purchase price is $0.10 per share. Factor in the forward stock split, and the cost basis for those 5 million shares is now 0.00227 per share. At it’s current price of 0.90, that’s a built in 39,547.58% gain for the insiders. And you think this stock is gonna go up now that Research Driven Investors are due to receive 200 emails about this #2Flusher?
On June 30, 2011, On Time Filings Inc. completed a reverse merger transaction, and changed their name to Empowered Products, Inc. and effectuated a 44-to-1 forward stock split and increased the total authorized shares of common stock from 50 million to 2.2 billion. As a result of the Merger, the sole stockholder of EP Nevada common stock received 40,000,000 shares of the Company’s common stock and fluffed a bunch of Private Placement and Share Cancellation filings to come out with 62,388,856 shares of common stock issued and outstanding.
Now that they took over the shell corp., the idea of EDGARizing corporate documents was abandoned and the business plan of manufacturing, selling and distributing of personal care products was implemented. This was all accomplished by paying Suzanne Fischer $50,000 for all of the issued and outstanding shares of OT Filings. Even better is that only $5,000 was recorded as expense in the period. The remaining $45,000 was paid out of OT Filings cash on-hand prior to the transfer of operating assets and liabilities of the pre-merged OT Filings to Suzanne Fischer. So, effectively, they paid Fischer with her own money that was already on-hand at the time of the reverse merger.
To be fair, Empowered Products has revenues: $685,408 and $1,501,321 for the three and six months ended June 30, 2012 respectively versus $661,942 and $1,412,038 for the three and six months ended June 30, 2011 respectively. However, by taking their PINK® and Gun-Oil® lines of sensual lubricants and libido-enhancing supplements into the mainstream retail sector – most recently with Walgreens and CVS according to their most recent PR to pump up the sexual wellness revolution seems a bit limp. If you need lube or an enhancer, you ain’t doing it right to begin with and as scared as people are to admit they ain’t doing it right, they aren’t gonna be walking up to no counter at a retail store to publicize it.
Who other than some redneck would rub Gun-Oil on their member when real men use spit?
About EMPO Stock
Empowered Products, Inc. offers a line of topical gels, lotions and oils, designed to enhance a person’s sex life and make people feel good about their sexual health in general. The Company currently has 12 exclusively formulated skin lubricants sold under their PINK® for Women and GUN OIL® for Men trademarks and intend to continue to expand our products offerings. Their proprietary formulated products are designed to increase mental focus and to improve the bond of interpersonal relationships. The Company’s trademarked products are currently sold in 30 countries through more than 2,700 retail outlets.
To view the SEC filings for EMPO, click here.
Bottom Line: EMPO is being pumped by the most obnoxious penny stock alerts service in the industry: Research Driven Investor. IF EMPO stock was just simply out there to be discovered by true research driven investors, there’s a pretty solid chance that they would see some love. Instead, they are set up for a one-night stand and are likely to become a dried up stain on the bottom of your Schedule D when you calculate losses incurred against the gains you earned this year.
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