Anyone with an eye on Penny Stocks knows Stock Market Authority (NYSE:SMA) is the promoter responsible for the infamous Lithium Exploration Group (OTCPK:LEXG) and its incredible rise from around a dime to a high of $11.68 per share. They are also responsible for less successful picks such as SEFE, Inc (OTC: SEFE) and Raystream, Inc (OTC: RAYS)
SMA MO is multi-million dollar hard mailers which they successfully used to decimate the shorts on LEXG. They used them on RAYS and SEFE as well but were not as successful as the short position especially on the OTCBB has become increasing aggressive in recent years and its becoming almost impossible to move a bb over the $5 mark. IDNG got to $4.80 before they took it down.
Petrosonic Energy, Inc. (OTCBB: PSON) hit the bb's running this week after the initial announcements from BestBuyStockPicks.com as well as JackPotStockPicks.com both suspected SMA affiliates. Currently trading at a little over $0.60 PSON looks like it's just getting started here; if PSON performs as prior SMA picks then the stock should easily double or triple from current levels.
Petrosonic Energy was initially incorporated on May 24, 2010 in Tirana, Albania under the name Bearing Mineral Explorations Inc. and then changed their name to Petrosonic Energy in May 2012 after an 11.25 for 1 forward split of the stock.
Already it's obvious how SMA will promote this one; form the pr; "Petrosonic Energy, Inc. is building a facility to provide a 1,000 barrel of oil per day processing for the upgrading of heavy oil. This plant will be the first commercialization of the company's Sonic Reactor to provide energy and cost efficient heavy oil processing. Once this application has been achieved the company plans to expand its capacity up to 5,000 barrels per day."
Conclusion: Currently trading at a market valuation of under $40M PSON is certainly structured for big money promotion with 30,023,437 free trading shares in nominee accounts which the promoter will sell into the upcoming promotion. Already trading like a big runner to be PSON is trading big dollar volume and moving up quickly on the OTCBB. If this does turn out to be SMA new pick than its going significantly higher from here.
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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.