After two days of front loading before issuing an alert, the penny stock of Trucept, Inc. (TREP) is heading to copperland thanks to Xtremepicks.com and their affiliate sites. Shares of TREP stock were rarely ever traded until the two significant volume sessions that occurred Thursday and Friday last week, just in time for the groups alerts to be issued over the weekend to novice trading enthusiasts. With the two biggest triggers being a semi-small float and a pre-market share price under a penny, the “yield” sign issued by OTCMarkets.com could not be more significant considering the Company hasn’t reported any news even though they stated to have had gross billings of $7.245 and $45.641 million for the 3 months ended March 31, 2014 and 2013, respectively.
Our Next Pick Is Coming Soon!
Click HERE To Make Sure You Don’t Miss Any Of Our Hot Penny Stock Alerts!
TREP Stock Quote
Market Cap: 536.33K
Last: 0.0089 ▲ +0.0048 (+117.07%)
Dollar Volume: $5,092
14-Day RSI: 67.03%
1st Resistance Point: 0.0109
1st Support Level: 0.0049
52Wk High: 0.025
52Wk Low: 0.0022
Rarely ever do you see a publicly traded company that has net income the size of many big board tickers that has been absolutely silent on the PR front. Such is the case for Trucept even though they claim to have had more than enough to have issued a press release a day since March 31, 2014 after reporting to have had $369,034 in cash at the end of Q1 after revenues came in at $971,233, a significantly less amount compared to the $12,143,774 they reported for the same period in 2013.
Even with a drop in revenues, the net income amount reported for the period was nearly 20% of what the market cap for TREP stock is prior to the open today. You see, here’s the problem with TREP stock…
If you booked net income of $955,945 for the 3 months ended March 31, 2013, $115,878 for the 3 months ended March 31, 2014, and you’re business was, among other similar services, providing seamless preparation of payroll, tax reporting, and payment, you would think that the website that your clients find you from would visually be worth more than $100. Trucept could have reported 10X that amount is net income in an effort to boost interest in TREP stock considering they had an accumulated deficit of ($22,462,451) as of March 31, 2014.
True or not, the filings would indicate that TREP stock is not only a must own, but should be trading at 10X the amount it closed at on Friday. If, and only if, the groups headed by Xtremepicks.com have brought in enough newbies to go fishing today, TREP stock very well could be one of the bigger percentage gainers on the OTC today.
Looking for the Best Penny Stocks to Buy?
Click HERE To Receive FREE Penny Stock Alerts
About TREP Stock
Trucept, Inc. is a development stage company that provides an outsourced human resources, employee benefits, and payroll solution tailored to the needs of financial services firms, business services firms, technology companies, startup companies, and other professional services firms.
Click here to view the filings for TREP.
Click here to view the website for Trucept.
Issued and Outstanding: 60,262,123
Last 5 Trading Sessions:
The share price, share structure, and supposed positive net income reported by Trucept makes TREP one of the penny stocks that must be on the watch list prior to the open today. If memory serves us correctly, today should be a gap open prior to flat trading before tomorrow’s dip which will be followed by another dip on Wednesday, all with mere fractions of what volume should trade today. TRAP is more likely to be the scenario for TREP stock buyers after the first couple of trades, but what would a Monday morning be without a lesson in averaging down your cost basis.
[gravityform id=”6″ name=”Post” title=”false”]Share