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  • JBII, DEGH & more: OTC Penny Stock Losers 07.14.2011 0 comments
    Jul 14, 2011 10:06 PM | about stocks: DROP-OLD, PTOI

    2 major OTC stock market “losers” for July 14th, 2011: JBI, Inc. (JBII) & Double Eagle Holdings, Ltd. (DEGH).


    JBI, Inc. (JBII)

    On April 10th we profiled JBI, Inc. at $1.10 placing a speculative price target of $4/share on the stock. On June 15th JBII overperformed our target topping out at $4.20, a new 52W High.

    In the last 3 weeks JBI has lost around 45% of its market value (counting today’s close). Are you thinking what we’re thinking? Yes, it’s time to look at JBI once again – this time for a potential bounce play that we think could make you 50% or more.

    JBII


    JBI Inc. (JBII)

    JBII OTC stock marketNiagara Falls, Ontario Office
    JBI, Inc.
    1783 Allanport Road
    Thorold, Ontario
    Canada L0S 1K0

    Phone: 905.384.4383
    Fax: 905.384.0076

    http://www.plastic2oil.com/

    JBI, Inc.’s cutting-edge Plastic2Oil™ process converts mixed waste plastic into separated diesel, heating oil, and light naphtha fuels. Low sulphur heating oil is diesel fuel without transport additives. Unlike existing plastic-to-oil operations, the Company’s process accepts raw, unwashed, mixed plastics. JBI achieves nearly 90 percent conversion of waste plastic into clean fuel, with approximately 8 percent off-gas captured and compressed. Approximately one liter of oil undergoes extraction from every kilogram of plastic, and continuous feeding of plastic optimizes the production output.


    Double Eagle Holdings, Ltd. (DEGH)

    A quick look at the chart tells all – you don’t need to be a genius to see the pump & dump formation here. Our advice? Bet on the upside with the promotion in the early-going; swing-trade when this play fizzles out and dives downwards.

    DEGH


    DEGHDouble Eagle Holdings, Ltd.
    20900 NE 30th Avenue
    Eighth Floor
    Aventura, FL 33180
    Phone: 305-503-3873
    http://www.fusescience.com
    info@fusescience.com

    Fuse Science Inc. is a company made from leading scientific minds and consumer product industry experts with a common goal to raise the standard of product performance through science in key multi-billion dollar categories. We leverage our global leading science to completely change the rules of the game. We’ve discovered through a combination of pending patents and trade secrets that we can now encapsulate nutrients, actives and other molecules at a far greater concentration than any time in history…

    news:
    Double Eagle Holdings Enters Into Supply Agreement with Platform Delivery Technologies Inc.

    Unregistered Sale of Equity Securities
    [...]
    Item 3.02. Unregistered Sales of Equity Securities.
    On June 20, 2011, the Company completed an initial round of financing in a private offering (the “Offering”) made to a limited number of “accredited investors” pursuant to the exemptions from registration afforded by Rule 506 of Regulation D and under Section 4(2) of the Securities Act of 1933. The amount of the Offering was initially set at $400,000, increased to $500,000 to meet investor interest and ultimately closed at $525,000.
    In the Offering, the Company sold 21 units (the “Units”), each Unit consisting of a $25,000 principal amount, 8% one-year senior secured convertible promissory note (the “Note”) and a warrant (the “Warrant”) to purchase 833,334 shares of our common stock (the “Shares”).
    Interest on the Notes accrues and is payable together with the principal amount of the Notes at maturity, which is one year from the date of issuance (the “Maturity Date”). The Notes are convertible at the option of the holders at any time prior to the Maturity Date, into Shares at a conversion price of $ .03 per Share, subject to adjustment in the case of stock splits, stock dividends and similar recapitalization events. The Notes are secured by a first lien on the Company’s assets.
    The Warrants are exercisable at an exercise price of $.12 per Share for a period of five (5) years from issuance. The exercise price is subject to adjustment in the case of stock splits, stock dividends and similar recapitalization events. The Warrants may also be exercised on a cashless basis.


    Symbol Company Name Last Net Change % Chg $ Volume Volume
    DEGH DOUBLE EAGLE HOLDINGS 0.28 -0.208 -42.62% $2,118,385 7435380
    JBII JBI 1.9 -0.65 -25.49% $1,675,268 832745
    ESYL EASYLINK SOLUTIONS 0.625 -0.175 -21.88% $937,331 1429273
    CDOI CARDIO INFRARED 0.0399 -0.0191 -32.37% $894,712 20376844
    TLAG TOTAL APPAREL GROUP 0.0028 -0.0012 -30.00% $128,174 31389081
    DGIN DIVERSITY GRO INTL 0.0027 -0.0018 -40.00% $103,733 38869107
    NHPR NATIONAL HEALTH PARTNERS 0.007 -0.003 -30.00% $102,031 12959889
    SMHS SMART HOLDINGS 0.0033 -0.0009 -21.43% $81,261 23145407
    CHJTF CHINA PHARMACEUTICALS GROUP 0.4622 -0.1178 -20.31% $50,527 109320
    OPCDF OPTI CDA INC 0.12 -0.056 -31.82% $48,475 375200
    YELGF YELL GROUP PLC 0.145 -0.045 -23.68% $43,212 297592
    UNDT UNIVERSAL DETECTION TECH 0.0004 -0.0001 -20.00% $38,968 95378120
    AEDOF AED OIL LTD 0.087 -0.073 -45.62% $30,705 350000
    Stocks: DROP-OLD, PTOI
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