If promoted penny stocks that are dealing in the water sector like The Alkaline Water Company Inc. (WTER) and the soon to be pumped Pinacle Enterprise, Inc. (PINS), aka Alkame Water Inc., have you struggling to find a real deal, set your compass towards San Juan Capistrano, CA. There you will find Seychelle Environmental Technologies, Inc. (SYEV) which, as of February 28, 2013, Seychelle has sold over 5 million portable water filtration bottles throughout the world, many of which went to a slew of organizations you know by heart. As it embarks on another test of its 52 week high today, the low floating SYEV stock should be a healthy addition to the watch lists.
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SYEV Stock Quote
Market Cap: 16.03M
Last: 0.62 ▲ +0.03 (+5.08%)
Dollar Volume: $37,947
Issued and Outstanding: 25,853,646
14-Day Rel Strength: 62.64%
1st Resistance Point: 0.6567
1st Support Level: 0.5567
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Setting a benchmark for what any OTC listed company in the water sector need to come within reach of before being considered worthy, Seychelle Environmental Technologies has made a huge impact on the pure water market. Valued at nearly $100 billion annually with ½ liter bottles comprising about $16 billion of that number, Seychelle has been successful in a more limited market; the portable filtration product segment which includes such brands as Brita, PUR and Aquasana.
Targeting individuals, dealers, distributors, governments, militaries, non-governmental organizations and emergency relief organizations, such as the Jimmy Bakker Ministry, International Red Cross, Eco-Challenge, Kenya Wild Life Service, La Cruz Roja de Mexico (that’s the Red Cross of Mexico for non-spanish readers) and the N.Y. Institute for the Blind, sales for Seychelle are booming right now. On Monday, the Company reported that sales for Q2, which ended August 31, broke $1 million reaching $1,096,947 versus $719,610 for the same period in 2012. The 52.3% increase, $377,137, helped Seychelle book net income after taxes of $82,774, a 2,115.5% increase, $79,038, versus the $3,736 of net income after taxes booked for the same period in 2012.
If the key words “net income” haven’t yet triggered interest, perhaps the fact that their products are approved for sale and distribution in the United States, Mexico, Canada, Slovenia, Czech Republic, India, Tanzania, United Kingdom, Korea, Malaysia, Japan, The Peoples Republic of China, Vietnam, New Zealand, Australia, Brazil, Venezuela, Argentina, South Africa, and Pakistan may interest you.
Or, if it’s all about SYEV stock, then maybe the fact that Carl Palmer, President and Director, Richard Parsons, CEO, Secretary and Director, and James Place, COO, CFO, Treasurer and Director each hold all of their shares in Family Trusts. The 15,097,799, 2,609,783 and 1,755,000, respectively held by the 3, 74+ year old heads of Seychelle leaves just 6,370,564 shares of SYEV stock to go around. Factor in who’s already been long on the stock since it was trading as low as 0.19 in May, and you have the perfect storm for a Level 2 explosion once a few more eyes take notice of the $5 million average annual sales, positive net income provider.
About SYEV Stock
Seychelle Environmental Technologies, Inc., together with their two wholly-owned subsidiaries, Seychelle Water Technologies, Inc. and Fill 2 Pure International, Inc., designs, assembles and distributes unique, state-of-the-art ionic adsorption micron filters specifically for portable filter devices that remove up to 99.99% of all pollutants and contaminants found in any fresh water source.
Click here to view the SEC filings for SYEV.
Click here to view the website for Seychelle Environmental Technologies.
Last 5 Trading Sessions:
Volume of 100,000 is a big day for SYEV stock making it a very strong candidate to see a run on any given appreciation day. Although SYEV stock will never put up the kind of volume that the promoted penny stocks in the water industry have done and will do, a trickle of interest could easily send the PPS to $1 by year’s end or shortly there after.
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