Archive | December, 2010

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E-Debit Global Corporation (OTC:WSHE) Still Holds the Flight

E-Debit Global Corporation (OTC:WSHE) grabbed the huge gain last week. This week, the progressive move continues and WSHE kept aiming the top of the chart. Yesterday, the stock soared 102.70% and its traded volume exceeded 3 million shares for the day.

The most probable reason for the gain must be the latest news about E-Debit, which was released last week. According to the announcement, the company has received Canadian Interac Association terminal certification for application of its software and Kernel application. Besides, E-Debit received a Switch certification enabling all Canadian Interac card products with chip embedded security to be utilized in all bank machines processed through E-Debit’ payment processing platform conducted by its subsidiary Westsphere Systems.

E-Debit_pic.jpgObviously, traders got impressed by this news and started investing in E-Debit. The question is, is that a new bullish trend, or just a temporary climb? It’s about to be seen.[BANNER]

Historically, the company has been in the low-trade zone, though currently the stock price is rising up. However, the most interesting fact about E-Debit is that throughout December the company’s management has been either disposing or buying WSHE shares heavily with no definite reason. Probably, the team has been provoked by the recent ups and downs of the stock due to the company’s positive announcements.

E-Debit Global Corporation provides operational and administrative support. According to its financial report, the company has more liabilities than total assets in its balance, as well as shareholder loans that haven’t been covered. As of end-September, the accumulated deficit of WSHE exceeded $4 million and the company has not enough cash to pay it. As compared to the previous year, the losses have increased.

All the losses and the capital deficit raise substantial doubt about the ability of E-Debit to continue as a going concern. The management team claims it “recognizes that the Company must generate additional resources to enable it to continue operations”. However, even if the company raises additional capital, there can be no assurance that it will achieve profitability, or it “may have to cease operations”.

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Revonergy Inc (OTC:RNRG) Still Holds the High Flight

Revonergy Inc (OTC:RNRG) has been flying up progressively since last week. The up move started on Wednesday, but on Friday RNRG closed with a 108.33% positive price change and a traded volume of over 6 million shares. Looks like something has impressed traders and the heavy buy has begun.

However, no particular reason for the current high trade can be found yet. The last update by Revonergy came up on Dec 6, when the company reported it was going to participate in an UK Government led Trade And Investment Mission to Asia. After that, no news was to follow. Though, RNRG has got the bullish trend.

As soon as the high trade has started, a new discussion was opened on message board, suggesting that the stock was worth buying. According to some opinions, the present climb of RNRG was due to a closed deal with Vitol Group, however, the deal was finalized on July 8. Although investors seem quite optimistic about the stock, the future is yet to be seen.[BANNER]

Revonergy.JPGRevonergy Inc. is engaged in the acquisition, development and operation of renewable energy power plants globally. In September, the company entered into a Preferred Stock Purchase Agreement with Kodiak Capital Group, LLC. for a total investment amount of up to $500 thousand. According to the agreement, at closing Kodiak will receive five year warrants to purchase 3,750,000 common shares of Revonergy.

The 10-Q report of RNGR shows that the company has generated no revenues and its liabilities are almost 3 times higher that the total assets. Besides, Revonergy’s deficit accumulated during the development stage totals approximately $570 thousand, not including the net loss that has significantly increased.

Due to the incurred losses since inception, the company needs to “raise additional equity to finance the further development of a market for its products until positive cash flows can be generated from its operations”. The management claims that their current cash balances will not meet the working capital and capital expenditure needs for the whole of the current year. Thus, if Revonergy fails to find additional cash for its projects the company might need “to reduce or limit its operating activities or even discontinue operations”.

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Tuffnell Ltd (OTC:TUFF) Keeps Adding Value on the Raised Funds

After Tuffnell Ltd (OTC:TUFF) announced the completion of a private placement in the beginning of last week, the stock suddenly accumulated strong volume in the last two trading sessions, entering each time the market with a large gap up.

On Friday TUFF stock closed the session at $0.81, adding another 9.46% to its value and making the total gain since the announcement of the secured funds exceed 50%. The trading volume of the usually very illiquid stock kept growing and reached almost 630,000 shares.

Last Monday TUFF announced in a press release to have raised $100,000 in a private placement. The securities sold were not registered with the SEC and consisted of 166,667 shares of common stock at a price of $0.60 and warrants to purchase the same amount for $1 per share. Although there is still no corresponding SEC filing that would confirm the event, and considering also that TUFF stock has received strong support from some trading alerts, traders got excited on the news that Tuffnell would now have working capital for its phase 2 exploration at its only project, the Little Butte Gold project in Arizona.

Tuffnell.jpgIt is questionable if that will be the last capital raising event, since the company had at the end of June 2010 around $260,000 in cash and had to do additional cash payments of over half a million dollars over the next years under the terms of the option for the acquisition of the Little Butte property. Further, Tuffnell has to do exploration expenditures amounting $250,000 by March 2011 and a total of almost $1.4 million thereafter.

Doubtful is also the future revenue stream, as no economically viable mineralization on the property has been confirmed yet.

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16 Rules for International Investing Success – Part IV

Sir John Templeton is one of the investment gurus of our time and is regarded as the founding father of overseas investing.  Templeton lived by a set of 16 investment rules that provide one of the best roadmaps I know to becoming an emerging markets millionaire and enjoying international investing success.

As national economies have become more integrated and interdependent, as communication has become easier and cheaper, business has boomed in emerging markets around the globe.  Trade and travel is growing.  Wealth is increasing.  Large consumer economies are emerging.  This is especially true in the big developing economies of China, India and Brazil – not to mention other emerging stars like Turkey or Vietnam.  And stock prices should rise accordingly.

Good luck and good investing in 2011!

Here’s Part IV of my four-part series, recapping Templeton’s 16 Investment Rules No. 13 through No. 16:

No. 13:  Outperforming the market is a difficult task
There are thousands of highly paid investing experts out there.  Each one is trying to beat the overall market.  But it’s mathematically impossible for everyone to outperform the market.  Remember, the unmanaged market indexes such as the S&P 500 don’t pay commissions to buy and sell stock.  They don’t pay salaries to securities analysts or portfolio managers.  And, unlike the unmanaged indexes, investment companies are never 100% invested, because they need to have cash on hand to redeem shares.  So, any investment company that consistently outperforms the market is actually doing a much better job than you might think.  And if it consistently outperforms the market, but does so by a significant degree, it is doing a superb job.

No. 14:  An investor who has all the answers doesn’t even understand the questions
There are no 100% certainties in the investing game.  Anyone who tries to tell you otherwise is deluded.  Successful investors constantly reevaluate their assumptions and seek answers to new questions.  Everything is in a constant state of change, and the wise investor recognizes that success is a process of continually seeking answers to new questions.

No. 15:  There’s no free lunch
Templeton believed this was true in life as in investing.  He said you should never invest on sentiment, never invest in an initial public offering (IPO) to ‘save’ the commission.  That commission is built into the price of the stock – a reason why most new stocks decline in value after the offer.  However, this does not mean you should never by an IPO.  Never invest solely on a tip.  Nevertheless, too many investors do exactly this.

No. 16:  Do not be fearful or negative too often
Over the past 100 years, investment optimists have beaten investment pessimists by a wide margin.  That’s because the average bull market gain is much higher than the average bear market loss.  Optimism isn’t always easy.  But it can pay off big time.  Over time, stocks do go up…and up.

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16 Rules for International Investing Success – Part III

Legendary investment icon, Sir John Templeton lived by a set of 16 investment rules.  Together, his 16 rules make up one of the best roadmaps I know to becoming an emerging markets millionaire and enjoying international investing success.  Templeton’s basic philosophy for building wealth by investing in stocks still holds true.  It’s still, “Buy low, sell high”

Here’s Part III of my four-part series, recapping Templeton’s 16 Investment Rules No. 9 through No. 12:

No. 9:  Aggressively monitor your investments
The big takeaway here is that no investment is forever. Economic circumstances change.  Business models change.  Bull markets turn to bear markets.  If you want to hold on to your money, you need to constantly evaluate your portfolio.  That’s not to say you should be trading in and out of the market on a hair trigger.  You just want to make sure you’re not complacent.
No. 10:  Don’t panic
Sometimes you won’t have sold when everyone else is buying, and you’ll be caught in a market crash like we had in 2008.  During the course of your investing career, the market will correct.  Stocks will fall.  This doesn’t matter.  What counts is how you react. When everyone else is panicking, successful investors calmly look over their holdings and think: “I wanted to own this stock before it crashed.  Has anything changed now that it’s cheaper?”  If you’ve done your research, chances are nothing has changed.  Panicky markets just put the stock “on sale” – creating an even better buying opportunity.

No. 11:  Learn from your mistakes
Learning from your mistakes is the only way to become a better investor. Figure out what went wrong.  And learn from it.  Stay away from advisers who tell you “this time it’s different.”  These are the four most costly words in investing!  The big difference between those who are successful and those who are not is that successful people learn from their mistakes and the mistakes of others.
No. 12:  Begin with a prayer
The Presbyterian Church played an important role in Templeton’s life and career.  He believed that “if you begin with a prayer, you can think more clearly and make fewer mistakes.”  You don’t have to be a Christian to follow Templeton’s advice. You just have to find some calm in your day.  This will help you focus on what’s really important.

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GreenWorld Development, Inc. (OTC:FRXP) Stacks Up Promotions

GreenWorld Development, Inc. (OTC:FRXP) stock advertising campaign was joined by a second promoter today. The company had their own news to make a further impact as well.

GreenWorld announced intentions to acquire majority shareholding in a UK waste recycling company FE4 Ltd. The process is still in negotiation phase and might not lead to real deal in the end.

Along with the announcement, a $30 thousand dollar promotion run by Raven Consulting Corp. guarantees a one day increase in trading volume. The payment was made by a third party, Wall Street Grand. Two days ago the stock got promoted in another $30 thousand campaign, paid for by Stock Mister LLC, and carried out through newsletter of and[BANNER]

FRXP is one of the wealthier penny stock companies, but still has no business revenue and a questionable balance sheet. For a development stage company, the most troublesome part is the lack of cash or any other liquid assets. The main value lies in property leases, held by GreenWorld. Debt is considerably low, but continues to increase.

greenworld_logo.jpgThe share price advance is limited by the overall value of the company. The market cap is currently near $20 million, thought the net tangible assets of the business are only slightly above $1.3 million. Furthermore, the stock related management’s decisions cause trouble for investors. In addition to continuous stock dilution, shareholders were also presented a 3 for 1 forward split this year.

The share price has been bashing against resistance at 50 cents, and didn’t manage to break that even under very strong volume this month.

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Voyager Petroleum, Inc. (PINK:VYGO) Hits a Shocking Gain

Yesterday, Voyager Petroleum, Inc. (PINK:VYGO) hit a shocking gain. All of a sudden, the stock soared 780% on the market and its traded volume jumped over 140 million shares for a day. Considering the fact that VYGO was falling down on the day before, that’s quite an unusual gain for the stock.

The only reasonable explanation on the high trade turns out to be the latest news by Voyager. Yesterday, the company announced it has executed a Letter of Intent that planned an exchange of capital stock of Voyager for all the outstanding capital of Scrap, LLC. According to the announcement, the Letter was contemplating a definitive agreement “on or before December 31, 2010″, being considered as a great opportunity for expanding the companies’ services and increasing the shareholder value.[BANNER]

Voyager_Petroleum.jpgAs soon as the news was on, it grabbed traders’ attention and pushed up the stock price at once. It also opened a discussion on message board. However, the final results are up to be seen next year.

Voyager is a publicly traded mid-market petroleum based brokerage in the USA. Throughout the year, the company has traded much lower, though after the agreement news was released VYGO flew up. However, the most interesting fact here is that Voyager has not filed with the SEC for already two years. According to, in August 2009 a form for termination or suspension of duty to file reports with the SEC was signed by Sebastien DuFort, CEO of VYGO. So, currently nobody is familiar with the financial condition of Voyager.

In that case, isn’t it too early for the sudden up move to be confirmed?

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16 Rules for International Investing Success – Part I

Sir John Templeton is one of the investment gurus of our time and is regarded as the founding father of overseas investing.  Templeton amassed a fortune by investing in overseas markets and his Templeton Mutual Funds (now Franklin Templeton Funds) produced an annualized return of 13.8% (compared to just 11.1% on the S&P), causing Money magazine to dub him “arguably the greatest global stock picker of the century.”

Templeton lived by a set of 16 rules.  If you want to have international investing success, you’d be smart to follow these rules, too. Over the next few days, I’ll recap Templeton’s 16 investment rules in a four-part series.  Here’s Part I, recapping Templeton’s Investment Rules No. 1 through No. 4:

No. 1:  Invest for maximum total ‘real’ return
This means the ROI after taxes and after inflation.  These fees add up. So smart investors plan ahead to protect their investments.  One of the biggest mistakes people make is putting too much money into fixed-income securities.  As we enter a new era of higher inflation and higher taxes, this advice is more important today than it’s ever been.

No. 2:  Invest – don’t trade or speculate
Don’t think of investing as short-term gambling. Rather, patiently invest for the long haul to avoid seeing your profits eaten up by broker commissions and other emotion-driven mistakes.

No. 3:  Remain flexible & open-minded about types of investments
Don’t get hung up on just stocks or bonds. Many different types of investment vehicles are available. And each could have a place in your portfolio given the right circumstances. Exchange-traded funds (ETFs) weren’t around in Templeton’s day. But these are great, low-cost ways of investing in overseas markets.

No. 4:  Buy low
Easier said than done. This is the fundamental part of Templeton’s investing success. He believed you should “invest at the point of maximum pessimism.” This is when an investment was dirt-cheap and no one wanted it.  When prices are high, a lot of investors buy a lot of stocks.  It’s very difficult to go against the crowd – to buy when everyone else is selling or has sold, to buy when things look the darkest and so many experts tell you that stocks are risky right now.  The pioneer of stock analysis, Benjamin Graham said, “Buy when most people…including experts…are pessimistic, and sell when they are actively optimistic.”  Bernard Baruch, was even more succinct: “Never follow the crowd.”

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Supatcha Resources Inc (OTC:SAEI) Continues the Fall

This week, Supatcha Resources Inc (OTC:SAEI) has been going down progressively. Yesterday, the fall continued and the stock lost the next 44.39% on the market. Unlike the price, the traded volume of SAEI rose up by approximately 30 million shares, which is a clear sign for investors’ disappointment. The question is what has provoked it?

Historical records show that last week SAEI hit a number of gains on the market due to the recent positive news by the company. This Monday, Supatcha officially reported the appointment of the new President and CEO Mr. Nikolae Yagodka and the election of the company’s directors. Besides, SAEI announced it has received a second unsolicited bid by JSC Rustamov Group for 100% of the issued and outstanding shares of the company for a price of USD$2.50. In addition, Supatcha reported they would be discussing their third quarter operations at the investor conference on December 20.[BANNER]

Supatcha_logo.pngInstead of pushing up the stock price, it looks like the news made it go further down, or traders found it not enough to encourage them.

Supatcha Resources Inc. is a gold exploration company focused on acquiring and developing mineral properties in Ukraine. In end-November, SAEI was flying up due to the announced share repurchase program for its outstanding common shares for up to $3 million. However, the up move was cut off again. It seems that Supatcha’s market position is quite uncertain, considering the frequent ups and downs of its stock.

The most reasonable explanation on the unstable market position of SAEI must be its unstable financial condition. The company’s 10-Q report points out that it has a debenture loan of $5 million and the stockholders’ deficiency totals over $4.5 million. In the meantime, Supatcha has no revenues to sustain its operations and no sufficient cash to cover its liabilities, while the losses are expected to continue. These facts must be quite disappointing for the investors and they seem to be selling off SAIE shares intensively.

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Southridge Enterprises Inc. (PINK:SRGE) Developments Shadowed by Promotions

Southridge Enterprises Inc. (PINK:SRGE) stays with a 150% premium to its share price from last Friday as the company continues posting new developments and getting support from various paid promoters.

Southridge announced that its subsidiary Southridge Minerals, Inc. has signed an agreement to acquire Cinco Minas and Gran Cabrera Gold properties in Mexico. The total purchase price for both properties will be $5.5 million.

Apparently in relation to the lack of available funds, the company also announced yesterday to have secured $5 million financing provided by Quixstone Investments, Inc. through the same wholly-owned subsidiary of SRGE. The funds come in the form of a convertible debenture with a 9.4% annual interest rate and must be repaid in 3 years.

The announcement of the funds raising didn’t have much effect on the stock price, but the costly promotional campaigns rolling out one after another might create an artificial price rally. As always, all the advertising costs were covered by third parties.[BANNER]

The payments done so far in attempt to boost SRGE stock performance:

• Longview Communications Corp. paid $30 thousand to Raven Consulting Corp.
• Longview Communications Corp. paid $45 thousand to
• Medford Financial paid $20 thousand to Tritos, Inc.
• Longview Communications Corp. paid $15 thousand to Access Media Network Corp.

Southridge_minerals_logo.jpgIn total, $110 thousand were spent on promoting the stock of a gold exploration company that has just now acquired some properties with borrowed capital and has no recent financial track record. The stock is listed on with a Caveat Emptor (Buyers Beware) notice. Furthermore, the business apparently carries a very dark trail related to the former management.

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