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Four interesting stocks under $1

|Includes: Alseres Pharmaceuticals, Inc. (ALSE), CBIS

Would you like some shares in a company that makes flying cars? How about medical marijuana? Today we'll take a quick look at four extremely interesting stocks trading at well under $1 per share.

I have three criteria that even an extremely low-priced stock must meet before I'll even consider a buy. I normally invest only in healthcare stocks, since my background is in medicine.

1. The company must have been in existence five years or more.
2. There must be an actual product being made.
3. Recent stock prices must be on an upward trend, no matter how tiny the increases.

These four, out of many, have caught my attention today:

Stock Industry Close 06/20/11
Change
today
52-week range Market cap
ALSE.PK Healthcare 0.12 none 0.06-0.39 3.21M
BHRT.OB Healthcare 0.0935 +0.0035 0.09-0.53 4.02M
CBIS.OB Healthcare 0.04 +0.0005 0.03-0.26 5.36M
MLER.OB Transportation 0.14 +0.01 0.10-0.26 6.77M

Alseres Pharmaceuticals, Inc. (OTCPK:ALSE) was founded in 1992 and focuses on drugs that act on the central nervous system. Its flagship product is Altropane, an imaging agent used in diagnosing Parkinson's disease and dementia. Alseres is listed as a sponsor for four clinical trials at clinicaltrials.gov.

Bioheart, Inc. (OTCPK:BHRT) was started in 1999 and is focused on the development of effective cell technologies to treat cardiovascular diseases. Bioheart is listed as a sponsor on four clinical trials of its MyoCell and MyoCath products.

Cannabis Science, Inc. (OTCPK:CBIS) was formerly known as Cannex Therapeutics and Gulf Onshore, Inc. Its CEO is Steve Kubby, an activist and cancer patient who played a key role in the drafting and passage of California Proposition 215, and who has allegedly survived because of medical marijuana.

Moller International (OTCPK:MLER) is the only non-healthcare stock on this short list. Moller has been in the process of building the M400X Skycar for many years. The stock has been offered to the public since at least 1997. Moller has scheduled a demonstration flight of the Skycar for invited members of the press on October 11, 2011.

Disclosure: Long MLER.