ISGI | International Safety Group Stops, Drops & Rolls

ISGI Stock, ISGI Stock Quote, ISGI Ticker, OTC ISGI, International Safety Group Inc.It looks like today may finally be the day for the penny stock of International Safety Group, Inc. (ISGI) to finally rebound. July has not been very good for those long on ISGI stock as they watched the safety and risk reduction focused management group crumble from 0.75, at the start f the month, to an absolute pummeling yesterday on their highest volume session since it began trading. With no clear indicators as to why the sudden drop occurred, the ask is looking better today for the multi-million dollar revenue generator.

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Market Cap: 5.12M
Tuesday Close: 0.14 ▼ -0.24 (-63.16%)
Volume: 409,062
Dollar Volume: $74,510
Open: 0.36
High: 0.36
Low: 0.14
Trades: 130
Authorized: 225,000,000
Issued and Outstanding: 36,537,564
14-Day Rel Strength: 27.16%
1st Resistance Point: 0.2867
1st Support Level: 0.0667

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Currently managing a 1.9 million sq. ft. mixed development, including residential, retail & office space, International Safety Group has been around for nearly a decade now and established itself as Jimmy Hoffa would have had he been around in today’s age. Among the responsibilities, the Company handles the position of Site Safety Manager and Construction Site Fire Safety Manager at the current Brooklyn, NY development project.

They also plan on selling fire extinguishers, having applied for the required licenses and certificates to do so in State of New York, as well as recently having established a new subsidiary, Safety Oil Services LLC. That operation will be solely focused on the oilfield and hydrofracking site safety business in the mid-west region of the United States.

For the year ended December 31, 2012, International Safety Group booked $4,579,456 in revenues versus $4,351,200 for the year ended December 31, 2011. Last year though had a 236% increase in general and administrative expenses which produced a net loss of ($2,654,168) versus net income of $94,692 for 2011.

Still, Q1 was pretty consistent with revenues coming in at $1,241,383 for the 3 months ended March 31, 2013 versus $1,076,070 for the same period in 2012. During Q1, International Safety Group sold 2,664,231 shares of ISGI stock to 11 investors for an aggregate gross sales price of $692,700 and converted a $260,000 liability to a related party into an additional 1,000,000 shares. That calculates out to be 0.26 per share on the sale and the conversion.

So why did ISGI drop from 0.75 to 0.14?

The Company has no material, active, pending or threatened proceeding against the Company nor are we involved as a plaintiff in any material proceeding or pending litigation. The CFO as of May 31, 2013, Robert Simoni, resigned from his position, but he was subsequently appointed bookkeeper of Safety Oil Services, LLC. So that doesn’t pose to be a threat either since they kept him on board.

Whatever the case may be, ISGI is on the watchlist since, knowing how penny stocks work, a sudden drop in price on a real company that isn’t being pumped usually indicates that there is something brewing behind the closed doors. Speculating on ISGI could be worth some triple digit gains for anyone willing to take a liking to the risk management and safety squadron.

About ISGI Stock

International Safety Group, Inc. is a construction safety and training company that has served the New York City area in construction safety services, safety training and fire and emergency preparedness since 2004.

Click here to view the SEC filings for ISGI.
Click here to view the website for International Safety Group.

Last 5 Trading Sessions:

Date Last Change % Change Volume
07/16/13 0.1400 -0.2400 -63.16% 409,000
07/15/13 0.3800 -0.2700 -41.54% 70,300
07/11/13 0.6500 +0.0100 +1.56% 29,100
07/10/13 0.6400 -0.0600 -8.57% 23,600
07/09/13 0.7000 -0.0900 -11.39% 3,000


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Bottom Line:

Something about ISGI makes it intriguing enough to have it added to the list of penny stocks to watch at the open. If ISGI stock regains some strength today, the rest of the month could have it returning to above 0.50 with ease.

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