After Victory Mark climbed out from under their rock last week and failed to put up the numbers they used to, the penny stock of Amazonica, Corp. (AMZZ) has been passed along. Yes, AMZZ stock did gain 20.39% Friday on volume that didn’t appear to be the kind one would expect from a powerhouse group that used to do tens of millions of dollars worth prior to being on the run. With that said, unless the Ukraine suddenly become the country that it was 6 months ago prior to the uprising and threat of a Russian invasion, any hydrogen powered prototype they were going to make is simply a pipe dream.
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AMZZ Stock Quote
Market Cap: 105.35M
Friday Close: 0.49 ▲ +0.083 (+20.39%)
Volume: 179,483
Dollar Volume: $87,947
Open: 0.407
High: 0.407
Low: 0.33
Trades: 68
Authorized: 1,500,000,000
Issued and Outstanding: 215,000,000
14-Day Rel Strength: 44.29%
1st Resistance Point: 0.5433
1st Support Level: 0.3833
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If you know the story about Awesome Penny Stocks, then you know why PennyStockHeroes, SelectPennyStocks and PreferredPennyStocks, all run by Victory Mark, didn’t help AMZZ stock to move much at all last week. It was a shock to see them send an alert at all considering the cookie trail that the badgers are tracking, yet there is more than just their involvement stacked against AMZZ stock.
We covered Amazonica Corp. and their hydrogen based fuel that the world could desperately use to help with carbon emissions, however, even if the company wasn’t trying to be based in Ukraine just so they could “accommodate various equipment and personnel required to continue R&D on the 99.999% pure hydrogen production project,” it still would’t help much.
Amazonica filed their 10-Q on the 14th of March which shows how they had just $10,117 in the bank as of January 31, 2014, no revenues, and were indebted to Anton Group Hill Ltd.t the tune of $433,333. Clerical errors in filing caused the Company to still be called Amazonica even though Euro-American Hydrogen is the name they intended to change over to back in October, 2013.
A future fuel for Tesla Motors (TSLA) Euro-American Hydrogen is not. The one thing that Euro-American Hydrogen is for sure is a quick fire way for 215,000,000 shares of AMZZ stock to slowly be brought to its knees before eventually going to a reverse split and repumped under another name, ticker and future-changing technology.
About AMZZ Stock
Amazonica, Corp., d/b/a Euro-American Hydrogen Corp., is a development stage company, with no revenues and limited operating history, focused on developing technologies related to researching, developing and producing pure hydrogen.
Click here to view the SEC filings for AMZZ.
Click here to view the website for Euro-American Hydrogen.
Last 5 Trading Sessions:
| Date | Open | High | Low | Last | Change | % Change | Volume |
| 03/28/14 | 0.4070 | 0.4900 | 0.3300 | 0.4900 | +0.0830 | +20.39% | 179,400 |
| 03/27/14 | 0.4800 | 0.5100 | 0.4050 | 0.4070 | -0.0880 | -17.78% | 209,400 |
| 03/26/14 | 0.5599 | 0.6300 | 0.4600 | 0.4950 | -0.0650 | -11.61% | 320,600 |
| 03/25/14 | 0.5899 | 0.5899 | 0.5600 | 0.5600 | -0.0300 | -5.08% | 2,100 |
| 03/24/14 | 0.4801 | 0.5900 | 0.4801 | 0.5900 | +0.0400 | +7.27% | 102,600 |
Bottom Line:
AMZZ is one penny stock traders can avoid this week and next. When AMZZ stock comes down to the .10 range, flipping it might be a good idea if anyone is still paying attention to it then. Barchart.com has it notched as as a Strong Sell.
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