Averaging roughly $300,000 a month in revenues for the year ended December 31, 2013, one of the most unappreciated penny stocks on the OTC, Green Endeavors, Inc. (GRNE), deserves it’s day in the sun. Despite having already gained 45.83% since the start of the year, GRNE stock is so cheap that you could exchange 3,572 shares just to get a shampoo and blow dry at one of their two Landis Lifestyle Spas in Salt Lake City, Utah. Having just announced over the weekend the results of their 2013 salon-a-thon, expected to be positive EBITDA as was the 3 and 9 months ended September 30, 2013, with more than 50% of their shares controlled by a subsidiary of Nexia Holdings, Inc. (NXHD), could the jump out of subpenny land finally be on the horizon for the hair salon operators?
Our Next Pick Is Coming Soon!
Click HERE To Make Sure You Don’t Miss Any Of Our Hot Penny Stock Alerts!
GRNE Stock Quote
Market Cap: 1.07M
Last: 0.007 ▼ -0.0003 (-4.11%) ▲
Volume: 249,515
Dollar Volume: $1,847
Open: 0.007
High: 0.0075
Low: 0.007
Trades: 10
Authorized: 10,000,000,000
Issued and Outstanding: 152,413,812
14-Day Rel Strength: 55.46%
1st Resistance Point: 0.0073
1st Support Level: 0.0068
Looking for the Best Penny Stocks to Buy?
Click HERE To Receive FREE Penny Stock Alerts
Anyone who’s got money earmarked monthly for hair and make up understands how quickly the $100 visit to the salon can add up over he course of a year. With a 9 year old, 4 year old and 2 year old spa operating in a high-net worth city like Salt Lake City, Utah, it’s no wonder why Green Endeavors has grown their revenues 13.33% over the course of 2013 to $3,574,972 as they reported.
Focused on doing 2 things right, 1) providing hair salon services, and 2) selling hair salon products, the top line numbers Green Endeavors is touting may not seem like very much. However, if those year end numbers have costs and expenses related to them within the same range as was reported for the first 9 months of 2013, income from operations less depreciation expense should come in somewhere around $300,000 which is a pretty shiny amount of money to be talking about.
What’s sad is that GRNE stock gets looked at like it’s got a bad perm with some wacky rainbow colored highlights to it. Volume is atrocious with only 2 trading sessions this year having topped out over 2,000,000 and, even with an ask of 0.0086, GRNE stock would seem to be more attractive than the PPS is showing.
Two major concerns (and well worth being a concerns) are that a) Green Endeavors is a 50% controlled subsidiary of Nexia Holdings, Inc. (NXHD) and b) Asher Enterprises, Inc. was the Company’s main source of funding for a very long period – $197,500 during 2011 and 2012. As of September 30, 2013, $165,310 worth of Asher Enterprises debt was still on the books of Green Endeavor.
However, it’s worth noting that, on October 11, 2013, Green Edeavors agreed with Asher Enterprises to satisfy all remaining unsatisfied convertible notes held by Asher of that date. With the settlement between the parties providing for the complete release and satisfaction of the 3 remaining notes with outstanding balances, including the mutual release by the Company and Asher of any and all claims, liabilities, damages, causes of action or otherwise that may exist arising from the said notes, is it time to start looking at GRNE stock in a more positive light?
About GRNE Stock
Green Endeavors, Inc. is a development stage company that owns and operates two hair salons carrying the Aveda™ product line through its wholly-owned subsidiaries Landis Salons, Inc. and Landis Salons II, Inc. in Salt Lake City, Utah. The Company also owns and operates Landis Experience Center LLC, an Aveda retail store, also in Salt Lake City, Utah.
Click here to view the SEC filings for GRNE.
Click here to view the website for Green Endeavors.
Last 5 Trading Sessions:
| Date | Open | High | Low | Last | Change | % Change | Volume |
| 02/21/14 | 0.0070 | 0.0075 | 0.0070 | 0.0070 | -0.0003 | -4.11% | 249,500 |
| 02/20/14 | 0.0068 | 0.0075 | 0.0068 | 0.0073 | +0.0005 | +7.35% | 3,003,200 |
| 02/19/14 | 0.0061 | 0.0068 | 0.0061 | 0.0068 | unch | unch | 55,000 |
| 02/18/14 | 0.0061 | 0.0068 | 0.0061 | 0.0068 | unch | unch | 301,500 |
| 02/14/14 | 0.0068 | 0.0068 | 0.0068 | 0.0068 | -0.0001 | -1.45% | 10,000 |
Bottom Line:
Having shred their weakness by cutting their ties with Asher Enterprises, positive financial results should put GRNE into the spotlight for penny stock traders seeking value. GRNE stock has already shown on very low volume that it can appreciate given the opportunity. With a few days of over 3 million shares traded, it wouldn’t be surprising to see it end the period above .01.
Stay Connected With Us:
Our Next Pick Is Coming Soon!
Text Keyword “AIMHIGH” To 99000 To Make Sure You Don’t Miss It!
FEB
