The shares of Vision Industries Corp. (VIIC) should be added to the list of penny stocks to watch Friday after, at 3am EST, news came out on their new advisor. VIIC stock bounced of its 52 week low yesterday to close at 0.05 with volume of 132,852 shares. The news that investment bankers Viant Green Capital LLC and Viant Capital LLC will serve as the Company’s strategic and financial advisor could send the shares into mini-orbit towards their mid-May high of 0.175.
With just 46,623,016 shares outstanding as of March 31, 2012 and revenues during that quarter of about 5% what they were the same quarter the year before, the deal could be a turn around fr VIIC stock price.
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VIIC Stock Structure
Authorized Shares: 500,000,000
Shares Outstanding: 46,623,016
% Held by Institutions: 73%
Float: 16,601,084 a/o Apr 04, 2011
20 Day Percent Change: -39.02%
20 Day Moving Average: 0.0734
20 Day Average Volume: 76,345
It ain’t nothin’ but a “V” thang. Vision agreed to sign the Viant group after being brought on to assist in developing a strategy to effectuate a financing, licensing and/or business combination transaction, including identifying prospective transaction participants and investor prospects. Not knowing what Viant will be capable of, it is sure to be strides better than what new President Jerome Torresyapm did while Executive Vice President of Operations since June of last year. Kinda figures sales are down since Jerome headed the Strategic Planning Group at Atrinsic Inc. (ATRN) taking a $114 million operational budget helped to drive the online, mobile and telecom focused Company into the dirt.
When Martin Schuermann, CEO of Vision Industries Corp. said that “This is the right time to bring on an investment banking firm of this caliber,” he couldn’t have been more right.
Note that On March 3, 2012, an investor, VP Bank(Switzerland), executed a subscription agreement to purchase 860,000 units of Vision Industries securities. Each unit consisted of 1 share of VIIC stock at $0.15 per share and one warrant to purchase 1 share at $.20 per share.
About VIIC Stock
Vision Industries Corp. is a developer of zero emission electric/hydrogen hybrid powered vehicles and turnkey hydrogen fueling systems. The Company’s proprietary electric/hydrogen hybrid drive system combines the superior acceleration of a battery powered electric vehicle with the extended range provided by a hydrogen fuel cell. Management’s immediate vision for the high performance hydrogen drive system is to provide a pollution free transportation solution for today’s drivers in California and to expedite availability of hydrogen fueling stations in and around the Ports of Long Beach and Los Angeles, California.
Bottom Line: VIIC should be on the list of penny stocks to watch at the open as it could serve up as a nice pre-lunch time double-digit gainer. The markets have been dead for the last few weeks on Friday’s so VIIC could flip you your beer drinking money for the weekend at worst considering shares were sold to VP Bank for 0.15 each, a 200% gain if they get to that level.
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