SPOW Stock A Bargain For The 75 Million 2 Cent Shares

SPOW StockMonday trading of OTC stocks has started much in the fashion we had been anticipated with many of you who grabbed LDSI before the open banking right now. However, a big surprise to many is Sky Power Solutions Corp. (SPOW) whose shares are already up 88.89% to 0.085 with $96,672 in dollar volume (1,410,846 share volume).

The spin-off from Li-ion Motors (LIMO) and producer of Cathode Material for use in Lithium ion batteries is but another company gaining huge attention from investors with the growth Apple Inc. (Nasdaq: AAPL) products. Or could it be that 75 million shares of SPOW were recently issued in debt convesions with a cost basis of $0.01813?

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Top OTC Stocks Traded Monday 9:45AM
Symbol Price % Chg $ Volume Share Vol Trades
LDSI 0.07 +18.64% 292,742 4,231,391 268
CTDT 0.34 0.00% 172,886 500,171 117
PCXCQ 0.272 +0.70% 169,348 628,083 95
SPOW 0.085 +88.89% 96,672 1,410,846 64
VLNC 0.05 +19.05% 63,167 1,419,950 54
CDXC 0.82 +10.81% 141,719 180,320 41
OREO 0.21 +25.00% 42,730 208,235 39
FNMA 0.2445 0.00% 9,789 40,432 38
GWBU 0.168 +5.00% 12,422 75,744 35
GNUS 0.24 +17.07% 36,328 149,404 33

Just 10 minutes after the market open today, Sky Power Solutions announced that the company is now seeking to accelerate the completion of the commercial distribution agreement after recent pre-commercial testing of its solar concentrator. According SPOW, a recent test on its proprietary solar concentrator demonstrated a major increase in efficiency that will generate electricity even with a 70% cloud coverage.

About SPOW Stock

Sky Power Solutions Corp., following the merger with their wholly-owned subsidiary on April 5, 2011, continues to concentrate its efforts on further development of the lithium batteries technology licensed from Li-ion Motors Corp., the Company’s former parent.

According to OTCMarkets.com:

Market Cap: $1,120,829 a/o Jul 13, 2012
Shares Outstanding: 24,907,316
Float: 7,439,278
Authorized Shares: 110,000,000

However, 75 million shares were issued to 7 debt holders who received the shares via converted of their debt. (see here)

To view the SEC filings for SPOW, click here.

Bottom Line: This is one heck of a penny stock dump that traders are buying into today. With possibly more and more penny stock investors learning about this company and seeing today’s gains, there is a good chance SPOW has a decent run for the next few trading sessions

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