Now that the penny stock of Smart Ventures Inc. (SMVR) has bottomed out and can’t find anyone willing to buy even a fraction of their 1.24 billion shares outstanding, the decision to invest in cannabis companies is an act of desperation. Having fallen -94.47% since the 0.15 trade back on March 21st, shares of SMVR stock might actually have some appeal to them now that both Cohen’s RDI group are pushing them hard and they entered into a contract with Texas Armoring Corporation to supply bulletproof vehicles to Africa and the Middle East. Although there are a dozens of companies that already have the lock-down on deals in those areas of the world, the mention of cannabis investing might draw enough dumb money in to send this one to .02.
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SMVR Stock Quote
Market Cap: 10.33M
Last: 0.0083 ▲ +0.0012 (+16.90%)
14-Day RSI: 39.50%
1st Resistance Point: 0.0093
1st Support Level: 0.0071
52Wk High: 0.15
52Wk Low: 0.0012
A little more than a month ago, Smart Ventures, although they reportedly made profits from their interest in The Sanday Corporation, and oil & gas service provider, decided to enter into the marijuana industry by entering into an agreement with Low Carb High, Inc., a cannabis edible company based in Colorado. The deal was the kiss of death for SMVR stock as it failed to stop falling until it hit 0.0093 on April Fool’s Day, only to continue to slide even lower after a “dead cat” bounce to .034.
News continued to flow out of the work Roger Smith, President and CEO of Smart Ventures, was doing to capture as much of the remaining marijuana sector that was still not yet in agreement with some other POS pinksheet listed company, but nothing could stop the slide SMVR stock was on. The recent change of direction from spewing out marijuana edibles news and focusing on the acquisition of a fleet of tractor trailer trucks and secured contracts to go with them to have the trucks put into service to generate more revenue for the company.
Unfortunately, unless these trucks are stacked to the brim with shares of SMVR stock that are due to be returned to the treasury in burn bags, nothing seems to be able to stop the bleeding for the last 5 weeks. With today’s newly designed awareness campaign to lure in those who haven’t yet realized the hype behind marijuana stocks is as hot as the upcoming Super Bowl, a ceiling which should likely be the gap at the open, is about as good as it’s going to get until the reverse split which should come in the fall when they’ve finished dumping.
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About SMVR Stock
Smart Ventures, Inc., through their subsidiary The Sanday Corpoation, is a development stage, independent energy company engaged in engineering extended reach drilling services, midstream, acquisition, development, production, and exploration of oil, gas and minerals internationally that has recently decided to invest in medical and social use cannabis companies through their newly created subsidiary, Cannabis Funding Group.
Click here to view the financial filings for SMVR.
Click here to view the website for Smart Venture.
Issued and Outstanding: 1,244,680,000
Last 5 Trading Sessions:
There are plenty of reasons why not to add SMVR to the list of penny stocks to buy based on how horrible the shares have traded since entering into the marijuana industry. Assuming the gap open is less than a 10% increase from yesterday’s close, a play into the weak hands that react to one of the 10 emails they will get on SMVR stock today is better than watching water boil in a microwave.
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