The promotional power of Best Damn Penny Stocks kicks off 2015 with their alerts having been issued on Recursos Montana S.A. (REMO), a high priced choice for those unaware of the costs. Pumped up after ending 2014 having acquired the distribution rights to the Tanaris Systems Lithium Ion batteries, REMO stock looks to tackle one of the more difficult feats on the OTC Markets which is to attract enough buyers who are willing to pay a buck a share. With a perfectly controlled float, those charged up and ready for action could see some great chances after the sheep are herded up this morning.
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REMO Stock Quote
|Close||1.06||Change (% Chg)||-0.0400 (-3.64%)|
|14-Day Rel Strength||38.95%||Market Cap||$79.50M|
|52Wk High||2.00||52Wk Low||0.70|
Alerts on REMO began flowing out as early as mid-afternoon on Monday when traders were stuck doing the menial tasks that make up their regular working hours due to the markets being closed. While the Company Recursos Montana S.A. is said to be acquiring is called Tanaris Power, alerts issued highlighted how “Tanarus Power designs, engineers, and produces some of the world’s safest, highest performance, most reliable and flexible Lithium-Ion batteries.”
In any case, news came out in early November, just before REMO stock began to traded a bit, when a PRNewswire release was issued stating: Recursos Montana SA entered into an agreement to purchase Tanaris Power, a Tanaris System Brand 100% owned by Enterprise Asset Management Inc. Holding back a bit of laughter, the remainder goes on to state how “Tanaris develops Smart Lithium-Ion batteries and power solutions for various industrial applications, marketed under a variety of brands… some of the world’s safest, highest performance, most reliable and flexible Lithium-Ion batteries.”
If that didn’t get you in stitches, perhaps the comments from Bruce Farmer, CEO of Enterprise Asset Management, will when he stated “I feel strongly that EAM will be better able to achieve greater profitability by combining our dynamic energy storeage technologies, product development capabilities and lean manufacturing methods with Recursos Montana’s corporate experience and resources.”
The “corporate experience and resources” is a hoot considering Recursos Montana S.A. has been a shell, for all intents and purposes, since its inception hiding behind the cloak of a mineral claim in the Dominican Republic. How the acquisition is due to take place with only $11,323 n the books as assets as of the last Q filed could seem tricky to most. Regardless of how, the set up, which mimics Monarchy Ventures Inc. (MONK) in numerous ways if you really wanted to get down and dirty doing some research.
So how high can REMO stock go?
Looking back into the SEC filings, on September 29, 2010, the Company issued 45,000,000 shares of common stock at a price of $0.001 per share to Luis Asdruval Gonzalez Rodriguez, the acting CEO, President, director and an underwriter the eventual offering, and 30,000,000 shares to Miguel Guillen Kunhardt, acting CFO, CAO, Secretary, Treasurer, director and also underwriter to the public offering.
The two each put up 15,000,000 shares to be sold to unnamed investors at a price of $0.002 per share leaving Luis Asdruval Gonzalez Rodriguez with 30,000,000 shares and Miguel Guillen Kunhardt with 15,000,000, thus creating the public float of 30,000,000. The shares were issued pursuant to Section 4(2) of the Securities Act and were restricted shares at the time as defined in the Securities Act.
Under an effective registration statement the two directors sold a total of 30,000,000 common shares of REMO stock at a price of $0.002 per share.
A bit of those 30,000,000 shares did trade back in November before they began restructuring themselves from acquiring and developing mineral properties to what they claim now – distributors of Tanaris Power battery packs, battery packs based on Lithium-ion battery technology. Those couple hundred thousand shares aside, the insiders who were granted the chance to use the shell corp by acquiring REMO stock at 500 shares for the $1 will be looking to make some of the Best Damn Pennies the OTC Market has to offer this week.
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About REMO Stock
Recursos Montana S.A. is ….
Click here to view the SEC filings for REMO.
Click here to view the website for Tanaris Power
Issued and Outstanding: 75,000,000
Last 5 Trading Sessions:
So there you have it – REMO is one of the pick from Best Damn Penny Stocks and it certainly is just that if you happened to be the owner of the $0.002 shares Luis Asdruval Gonzalez Rodriguez and Miguel Guillen Kunhardt sold to create the public float. Simply put, each share of REMO stock bought at $1 equivalates to a 49,900% profit for those controlling the float. What that essentially means is that with $45,000 as the stated compensation, once volume surpasses 45,000, it’s all money in the bank which means they can drop it to as low as $0.01 and still be making money while retail investors chase down their break even exit points.
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