Awesome Penny Stocks new stock pick PRTN had an especially volatile day today from lows of $0.42 this morning to a high of $0.51 this afternoon before dropping a bit and closing at $0.49 on 11.9M shares traded. The stock got a boost this morning when Pristine Solutions announced that Eaton Scientific Systems, Ltd. PRTN's 100% owned subsidiary has engaged full service intellectual property law firm Cislo & Thomas LLP to advance its Tropine 3 patent application and intellectual property strategy.
Tropine 3 of course is PRTN's, patent pending novel indication of FDA approved homatropine for non-hormonal treatment of hot flashes in pre-menopausal, peri-menopausal, and post-menopausal women.
As I have stated many times in previous articles Tropine 3 will never be approved by the FDA and PRTN will be worthless 6-months out just as all previous APS picks are both official and unofficial including SNPK, GWBU, NSRS, VLNX, AWSR, RARS, PGSY and many others.
What everyone wants to know is will PRTN go on to several dollars per share? as previous successful AwesomePennyStocks picks such as NSRS, SNPK and GWBU?
APS ability to create these successful long term promotions has always rested primarily on two things; the market maker Wilson & Davis (WDCO) supporting the stock as well as the multi-million dollar hard mailer campaigns.
Watching PRTN trade over the past few days I am becoming more and more convinced that APS will launch a hard mailer that could catapult this stock to significant gains from current levels. Although these is no proof of that yet many have probably already seen the landing page on Victory Stocks touting PRTN with the headline "Could Amgen and Pfizer be racing soon to make PRTN their next acquisition?
Conclusion: Currently trading at a market valuation of $180 million; PRTN has no revenues to date and nothing besides AwesomePennyStocks promotion to support anywhere near this valuation. While it's fairly obvious PRTN will trade for less than a dime 6-months from now it certainly could go much higher from current levels in the short term. Trading at $0.49 PRTN is just pennies from its all time highs and has come back strong after any shakedown with strong bid support from WDCO. The stock was up 13% today on significantly increased volume leading me to believe that APS has big plans for PRTN in the coming weeks.
I will continue to update on PRTN as new events unfold so make sure that you are subscribed to OTCMagic.com so you get the inside scoop.
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.