Look who just became a penny stock. As traders await to see the annual report for Kiwibox.Com, Inc. (OTC: KIWB), its once sub penny stock has already begun building up momentum. Gaining 733.33% since its low set earlier this month, activity is starting to increase on KIWB stock and notice should be taken by all. With anticipation of some record revenue numbers for the year ended December 31, 2012, perhaps the time has finally come for the social community network to see the sun shine on its 2011 acquisitions.
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KIWB Stock Quote
Market Cap: 6.80M
Last: 0.01 ▲ +0.003 (+42.86%)
Volume: 1,856,300
Dollar Volume: $17,301
Open: 0.007
High: 0.01
Low: 0.007
Trades: 13
Authorized: 1,400,000,000
Issued and Outstanding: 679,544,746
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Record revenues would be sensational for Kiwibox.com, especially since they are holding over $20 million in liabilities as of September 30, 2012. While the Company broke $1 million in revenues during the first nine months of 2012, KIWB stock has seen some aggressive PPS action since announcing a partnership in mid March for its growing mobile advertising space on both its social networking platforms.
Reports are for Kiwibox, thanks to their new partnership, to grow advertising revenue by 2000%. For the three and nine months ended September 30, 2012, total revenues amounted to $269,263 and $1,109,914, respectively compared to $1,500 and $2,272 recorded in the same periods in 2011 due to the results of Kwiwbox.com’s wholly-owned subsidiary, Kwick! — ranked in 2012 as one of the top 5 German dating apps.
Looking at the last 10-Q of Kiwibox, roughly $18 million of their debt is due to related parties in either convertible note payables or in derivative conversions. Take those off the books, and you have a Company that is more attractive than most other social media penny stocks out there for long investors to consider taking a slice of. (Details of the notes payable can be found on section 12 of the 10-Q filing titled: DERIVATIVE CONVERSION FEATURES)
The good news is Kiwibox has determined a method on how to monetize their September 30, 2011 acquisition of KWICK!, a leading Social network Community in Europe focused on the German speaking market, with more than 1 million members, which cost the Company €7,100,000. By partnering with Stroer Interactive GmbH, one of the leading independent online marketing companies in Germany, the Kiwibox network is projected to earn annual revenues of $150,000 from this partnership over the next 12 months.
Combined with how the Company is continuing to add impressive features also into Pixunity, a division of the Kiwibox network, by adding the Russian, Chinese and Indian speaking markets to Pixunity, KIWB stock could be at the starting point now of what could be a gradual appreciation over the course of 2013.
About KIWB Stock
Kiwibox.com Inc, is focused on continuing to optimize its website and develop mobile applications to keep their users engaged across multiple platforms and devices.
Click here to view the SEC filings for KIWB.
Click here to view the website for Kiwibox.
Last 5 Trading Sessions:
| Date | Last | Change | % Change | Volume |
| 03/25/13 | 0.0070 | +0.0015 | +27.27% | 1,288,800 |
| 03/22/13 | 0.0055 | +0.0010 | +22.22% | 150,000 |
| 03/21/13 | 0.0045 | +0.0007 | +18.42% | 100,000 |
| 03/20/13 | 0.0038 | +0.0009 | +31.03% | 100,500 |
| 03/19/13 | 0.00290 | unch | unch | 0 |
Bottom Line: There are a ton of KIWB shares outstanding, but its still proving to be a great penny stock to have on the watchlist. While today marks the 5th consecutive trading session that KIWB stock has seen positive activity, there is a bullish sentiment surrounding the anticipation of full 2012 revenue numbers and forecasts for the coming quarters.
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