Did you ever wish you could get in on the ground floor of a start-up tech company? Well, look no further than the penny stock of INVENT Ventures, Inc. (OTCMKTS:IDEA), owners of 6 companies that is focused on developing businesses in the consumer Internet, mobile and biotechnology markets. With the recent rebranded launch of REVENUE.com and the recent finalist placing in the “Advertising” category at the 3rd Annual Siemer Silicon Beach Summit, could this little tech venture company be worth a long-term play?
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IDEA Stock Quote
Market Cap: 5.54M
Last: 0.15
Volume: 5,000
Authorized: 100,000,000
Issued and Outstanding: 36,928,197
Bryce Knight, CEO and Chairman: 8,579,000
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The web and mobile technology industries are rapidly growing sectors of the U.S. economy, and companies building social media applications have grown their user bases and revenues at unprecedented rates in recent years. INVENT Ventures seems to be on the right track of capitalizing on that with their $9,954,397 net investments in:
| Virurl, Inc. | 45% |
| Stockr, Inc. | 63% |
| LottoPals, Inc. | 99% |
| Clowd, Inc. | 99% |
| Sanguine Biosciences, Inc. | 42% |
| Stocktown Productions, Inc. | 81% |
| (% of ownership as of June, 30, 2013) | |
Prior to the start of this year, INVENT Ventures had a semi-decent revenue model, having booked $105,987, $88,500 and $45,000 for the years ended December 31, 2012, 2011 and 2010, respectively. For the 6 months ended June 30, 2013, the Company has slightly outpaced the same period last year with revenues of $38,642 versus $31,500.
As CEO and Co-Founder Francisco Diaz-Mitoma Jr. stated in the Company’s most recent PR, “the REVENUE.COM rebrand because it now fully conveys the company’s mission of giving publishers of all sizes the ability to generate revenue ‘outside the banner,’ so to speak. After signing up over 800 paying advertisers to our system, the company remains well positioned to continue its rapid growth.”
REVENUE.com is owned by VIRURL, Inc., an award-winning Santa Monica-based startup developing advertising technology which INVENT Ventures owns 45% of. The site assists brands to amplify the reach of their content while, at the same time, earns its publishers more money by delivering up to 100X higher click-through rates than traditional banner ads.
We had a look at REVENUE.com and have to admit, that although it looks like many other sites targeting sponsored article and video posts which can be monetized, the domain alone is better than likely to attract that much more of an audience to have a definite impact over the next 12-18 months to increase INVENT’s top line numbers.
As for IDEA stock itself, finding 2 consecutive trading sessions where you can see volume is virtually obsolete. Although it eliminates the chances of traders getting to flip a couple thousand shares for a quick profit, it is encouraging for the “wait-and-see” investor to do some due diligence and look deeper into the Company’s investment portfolio.
One encouraging note for longs is that late last month, INVENT Ventures issued 2 convertible promissory notes, one for $50,000 and another for $20,000, which mature on September 27, 2014 and can be converted into IDEA stock at any time prior to Maturity. The conversion will be at the lower of $0.27 per share or the Company’s Net Asset Value Per Share which was just that, $0.27, as of June 30, 2013.
About IDEA Stock
INVENT Ventures, Inc. is a development stage company which operates as an internally-managed, non-diversified, closed-end technology venture fund that creates, builds, and invests in web and mobile technology companies.
Click here to view the SEC filings for IDEA.
Click here to view the website for INVENT.
Last 5 Trading Sessions:
| Date | Open | High | Low | Last | Change | % Change | Volume |
| 10/07/13 | 0.1500 | 0.1500 | 0.1500 | 0.1500 | unch | unch | 5,000 |
| 10/04/13 | 0.1500 | 0.1500 | 0.1500 | 0.1500 | -0.0200 | -11.76% | 4,000 |
| 10/02/13 | 0.1700 | 0.1700 | 0.1700 | 0.1700 | -0.0500 | -22.73% | 7,000 |
| 09/23/13 | 0.1250 | 0.2200 | 0.1250 | 0.2200 | +0.0700 | +46.67% | 1,900 |
| 09/17/13 | 0.1500 | 0.1500 | 0.1500 | 0.1500 | -0.0400 | -21.05% | 10,100 |
Bottom Line:
The rebrand of REVENUE.com is the major selling point for any kind of attraction to IDEA stock. Although this will never be one of the top 10 penny stocks traded within our lifetimes, the chances of IDEA seeing a slow, irregular climb towards $0.20 or better prior to the end of 2013 is a strong possibility.
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