Accumulation is the only way to describe the recent trading activity on the penny stock of Poly Shield Technologies Inc. (OTC:SHPR). Mini positions are being taken by traders who have been following SHPR stock since their licensing agreement with Teak Shield Corp. and subsequent 1-for-3 reverse split in July. Despite having not announced any major deals to book revenues from the space age fluoropolymer, some think the sun may shine soon. Should you accumulate or speculate?
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SHPR Stock Chart
Market Cap: 18.22M
Last: 0.54 ▲ 0.05 (10.20%)
Volume: 36,700
Dollar Volume: $19,985
Open: 0.55
High: 0.57
Low: 0.52
Trades: 15
Authorized: 200,000,000
Issued and Outstanding: 33,745,005
14-Day Rel Strength: 66.27%
14-Day Stochastic: 85.65%
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The deal made by John da Costa, former CEO and President of GlobeTrac Inc. (GBTR), is a very good one, assuming the Company can push the products effectively. Teak Shield has a proprietary process for the production of fluoropolymer coatings used to protect surfaces from corrosion, oxidation and ultraviolet degradation. Markets for these products include the marine industry, aerospace, onshore oil and gas, commercial architecture, general industrial, industrial maintenance, medical, household care, food processing and others. Literally, its an estimated billion dollar plus industry they are operating in.
Although Poly Shield Technologies had not booked any revenues from the time they acquired the licensing rights until September 30, 2012, they are on the hook for $100,000 come March, 2013. Along with the 1,666,667 post-reverse-split SHPR shares issued to the Diefendorfs, the Company agreed to pay a 5% royalty on all sales of the Shield Products with a minimum of $100,000 yearly royalty payment. The accumulation in recent days could be due to those who can read seeing the following sentence in the SEC filings:
“On September 28, 2012, the Company issued 350,000 shares at a price of $0.30 per share for cash proceeds of $105,000.”
With a new CEO in place, Rasmus Norling, and a substantial compensation package provided to him, a signing bonus of $180,000 and 154 million restricted shares of SHPR stock, the incentive bonus to get those shares are worth having Poly Shield Technologies on the watchlist. In order to earn full release of the 154 million shares, Norling will have to deliver contracts worth $38.5 million prior to December 31, 2013. Gideeup!
About SHPR Stock
Poly Shield Technologies Inc., on March 12, 2012, entered into a license agreement with Teak Shield Corp. and its owners, Robert and Marion Diefendorf, thus acquiring a license to market and sell Teak Shield’s licensed products. Click here to view the SEC filings for SHPR.
Last 5 Trading Sessions:
| Date | Last | Change | % Change | Volume |
| 01/04/13 | 0.5400 | +0.0500 | +10.20% | 36,700 |
| 01/03/13 | 0.4900 | +0.0100 | +2.08% | 39,200 |
| 01/02/13 | 0.4800 | +0.0200 | +4.35% | 3,300 |
| 12/31/12 | 0.4600 | +0.0100 | +2.22% | 3,800 |
| 12/28/12 | 0.4500 | unch | unch | 2,200 |
Bottom Line: The reality of Teak Shield and their products is well worth adding SHPR to the list of penny stocks to watch. Some speculators are hoping to get some cheapies, but since SHPR stock was sold for $0.30 per share just a few months ago and prior to the new CEO appointment, chances are slim to see it that low anytime soon.
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