You can read the original version online:
http://ymlp262.net/zLD3Pt ——————————————————————————– April 15, 2012 Week In Review…
Week In Review For April 9 to April 13, 2012 Canadian Companies mentioned include:
* Great Quest Metals Ltd. (TSX-Venture:GQ) * Gold Canyon Resources Inc. (TSX-Venture:GCU) * Novus Energy Inc. (TSX-Venture:NVS) * Rambler Metals and Mining plc (TSX-Venture:RAB) * Teryl Resources Corp. (TSX-Venture:TRC) * Sirona Biochem Corp. (TSX-Venture:SBM) * Meadow Bay Gold Corp. (TSX:MAY) * Vatic Ventures Corp. (TSX-Venture:VCV) U.S. Companies mentioned include:
* Article Published, April 10, 2012: Partnered with a NYSE Company, Junior Biotech Aiming to Profit by Making Colorectal Cancer Tests Less Invasive (http://www.allpennystocks.com/aps_ca/special_reports/261/Partnered-with-a-NYSE-Company,-Junior-Biotech-Aiming-to-Profit-by-Making-Colorectal-Cancer-Tests-Less-Invasive.htm) (CDN Company) * Article Published, April 11, 2012: New $6.5 Million Order More Than Doubles 2011 Revenue for Diversified Junior Security Company (http://www.allpennystocks.com/aps_us/special_reports/251/New-$65-Million-Order-More-Than-Doubles-2011-Revenue-for-Diversified-Junior-Security-Company.htm) (U.S. Company) * Article Published, April 13, 2012: Developmental Biotech Poised with a Host of Abbreviated New Drug Applications at FDA (http://www.allpennystocks.com/aps_ca/special_reports/262/Developmental-Biotech-Poised-with-a-Host-of-Abbreviated-New-Drug-Applications-at-FDA.htm) (CDN / U.S. Company) Video charts for the week:
* April 9th Technical Video Chart For GCU:CA. After a multi-month drop, the Gold Canyon Resources chart formed a long-legged doji candle last Thursday. The indicators are deeply oversold which puts the chart on radar for a technical correction that could signal a bottom for the chart. view: (http://www.youtube.com/user/AllPennyStocks#p/a/u/1/IBDdyikHcYA ).
* April 9th Technical Video Chart For FUEL. The SMF Energy Corp chart has formed a classic PPO/ADX pinch pattern after a deep drop from more than $4 to the area of $1. With the indicators in oversold positions, a doji last Thursday has the chart of radar for a technical bounce off the $1 support point. view:
( http://www.youtube.com/user/AllPennyStocks#p/a/u/1/HRBFnAuDoUQ ).
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WEEKLY UPDATE – STOCKS KICK-OFF Q2 ON SOUR NOTE The past week once again marred the North American markets with the Dow Jones Industrial Average falling below its 50 day moving average, the S&P 500 suffering its worst weekly loss in 2012, the NASDAQ dropping for the second straight week after registering higher weekly closes than opens for thirteen consecutive weeks and the TSX Composite unloading points for the seventh week in a row. The VIX (or so-called “fear index”) is steadily rising in April after hitting one-year lows in March. The key measure of market volatility has risen from those lows on March 16th of 13.66 to touch 21.06 on Tuesday, before cooling to close just below 20.
As we had mentioned in the prior week in review, the disappointing non-farm employment report that were reported on Good Friday while the North American markets were closed resonated negativity across Canadian and U.S. markets early this week. Stoking the bearish fire, the Chinese government reported Monday that inflation rose at an annual rate of 3.6% in March, a level higher than economists had expected.
Subpar economic data was overshadowed mid-week as part of a broad market rally led by Alcoa kicked-off the earnings season with better than expected financials that wended way for hopes of a strong earnings season, pushing stocks and commodities higher Wednesday and Thursday. Yields for Spanish and Italian bonds were escalating early in the week, but tempered midweek as well.
The rally was squelched on Friday to add to Aprils` losses on much-anticipated economic data from China that showed that growth in the world’s second largest economy slowed from 8.9 percent in the last three months of 2011 to 8.1 percent in the first quarter of 2012, the lowest rate of growth in nearly three years. Earlier in the week, the World Bank lowered its 2012 growth forecast for China from 8.4 percent to 8.2 percent. The news from the World Bank had been preceded by reports that China`s imports fell from 39.6 percent in February to 5.3 percent in March. The influx in data from China reinforced claims that the leading country is heading for an economic slowdown.
Further dampening the mood heading into the weekend, an unexpected decline in consumer confidence was delivered on Friday, increasing awareness about worries over the health of the U.S. economy. The slip in confidence, coupled with a bigger than expected rise in initial jobless claims, had investors ringing-out of equities and heading back to cash in their portfolios.
News from Europe had been in the backseat recently, but reared its ugly head again this past week. In focus were regional bond markets showing signs of stress and Spanish credit default swaps hitting record levels that spawned panic. North Korea chipped-in to some chaos with an unsuccessful attempt to launch a missile in defiance of U.N. Security Council resolutions and an agreement with the United States.
Earnings season will be in full swing next week and another round of Spanish bond auctions will be coming mid-week. Investors will be hawking this information as well as a full serving of economic data from both Canada and the United States.
Canada’s dollar gave up 0.22 percent this past week against a broadly stronger U.S. dollar. Economic data from the two largest economies in the world, the U.S. and China, were firmly in focus as investors exited equities upon fear of slowing global growth and eurozone financial woes. The Canadian dollar still remains mildly stronger than the greenback, but the two are now teetering above and below parity with next week beginning with one Canadian dollar buying US$1.00065.
* Gold futures tumbled nearly 1.5 percent on Friday as concerns mounted regarding the eurozone financial problems and weak Chinese demand, fueling a stronger dollar and sparking an end-of-week sell-off. But, on the week gold had a strong recovery after a dive the previous week and managed to post its largest weekly gains since the final week of February. June contracts, the most actively traded, rose $30.10, or 1.85%, to close at $1,660.20 per troy ounce.
* Silver prices were ahead for the week on Thursday, but felt the pressure of the weaker than expected GDP data from China on Friday.
China is a major consumer of silver (as well as other metals) and when there is a slowdown reported in the country, both base and precious metals are heavily impacted. May contracts, which remained the most actively traded, fell hard on Friday in part of a broad metal sell-off. On the week, the contracts subtracted $0.34, or 1.07%, to close at $31.39 an ounce.
* Copper prices eked higher the week prior, but took a pounding this past week on the gloomy overseas economic data as investors unloaded economically-sensitive assets based on the China stats and concerns over Spanish bond auctions. China is the world`s top consumer of the red metal which has many uses across multiple industries. The push by China to become the world`s manufacturing hub gobbled-up nearly 40% of the world`s production in 2011, but threats of a manufacturing slowdown hitting the wires recently has now pushed copper to three-month lows. On the week, May contracts, the most actively traded on the Comex division of the New York Mercantile Exchange, depreciated by 16.85 cents, or 4.44% to close the week at $3.627 a pound.
* Oil prices slipped early in the week to look like a break under $100 a barrel was a possibility, but rallied on general market strength on Wednesday and Thursday to offset the losses. However, in addition to suffering with other commodities on China data, oil futures also felt pressure from investors taking a cautious approach towards the black gold ahead of negotiations between Iran and six world powers including the US, China and Russia, which began in Istanbul on Saturday. The talks will focused on Iran’s nuclear initiatives. For the week, May contracts, the most actively traded, edged-down by 0.46%, or $0.48, to end at $102.83 per barrel.
Equity Market Snapshot:
(All percentages on a weekly basis unless otherwise noted) * The weak non-farms payroll data from the previous week provided a ballast for major gold players with Barrick Gold (ABX, +2.42%), Yamana Gold (YRI,+2.51%), Agnico-Eagle Mines (AEM, +3.42%), Inmet Mining Corp. (IMN, +3.84%), Kinross Gold (K, +3.72%) and Goldcorp (G, +2.22%) all adding points on the Toronto exchange.
* In other gold news, Gabriel Resources Ltd. (TSX:GBU, -22.38%) received disappointing news as Romania`s environment minister said their application for permits related to a controversial mine would not be expedited. Gabriel`s project is meeting stark opposition with contentions that the open-pit mine would damage ancient monuments and destroy a mountain face.
* Energy stocks slipped as investors wait for results from this weekend`s meeting of world leaders in Istanbul. Suncor Energy (NYSE:SU, -0.33%), Talisman Energy (NYSE:TLM, -1.96%), Canadian Natural Resources (NYSE:CNQ, -0.12%), Cenovus Energy (NYSE:CVE, -2.87%) and Imperial Oil (NYSE:IMO, -0.82%) all doffed-off points.
* In other big energy news, GASFRAC Energy Services Inc. (TSX:GFS, -22.03%) took it on the chin after getting downgrades from TD and Bank of Montreal and reporting that revenue and profit in the first quarter are expected to come in well below Q4 marks. Shares of Vero Energy Inc. (TSX:VRO, +12.24%) perked after the company raised its annual average production guidance of oil and liquids to 70% from 67%.
* Financial plays languished as EU financial concerns surfaced again.
* JPMorgan Chase shares fell despite the company reporting earnings of $1.31 per share; lower than the year prior, but above analyst estimates of $1.17 per share. Wells Fargo & Co. (NYSE:WFC, -2.64%) also beat expectations by reporting earnings of $0.75 a share on $21.6 billion U.S. in revenue, but fell amidst a broad drop in banks.
Earnings reports are on tap this week from Bank of America, Goldman Sachs and Morgan Stanley.
* Losses were widespread on the Canadian banking front as well with The Bank of Nova Scotia (TSX:BNS, -2.26%), Toronto-Dominion Bank (TSX:TD, -1.66%), Canadian Imperial Bank of Commerce (TSX:CM, -1.10%), Bank of Montreal (BMO, -1.62%) and Royal Bank of Canada (RY, -1.90%) all slinking lower. Generally speaking, major banks in North America have fallen now for three consecutive weeks.
* Apple, Inc. (NASDAQ:AAPL, -4.49%) hit a new all-time high this week at $644.00, before finally making its way into the red. Weighing on the biggest company in the world was news that analysts at BTIG downgraded shares of Apple to neutral, despite expectations for another quarter of strong profit growth. Additionally, the U.S.
Department of Justice brought a lawsuit against Apple and several publishing companies over a scheme to fix e-book prices stemming from the 2010 release of the iPad, when Apple reached an agreement with five publishers to release books on its then-new iBookstore.
* Hewlett-Packard (NYSE:HP, -2.39%) got an initial pop from reports that its PC sales in the States grew by almost 7% over the first quarter of 2011, topping the growth rate of every major competitor (even Apple) before shares dumped points for the fifth straight week.
* Alcoa (NYSE:AA, +2.28) surprised analysts and investors as it paced the gainers on the Dow with an earnings report that showed the aluminum producer posted a first-quarter profit. The company reported a revenue increase to $6 billion (from $5.95 billion) which beat analysts` predictions of $5.77 billion and net income of $94 million, which marked a turnaround from a $191 million net loss that it reported in the fourth quarter of 2011.
* Research In Motion Ltd. (TSX:RIM, +1.90%) edged higher last week on a quiet news week for the Blackberry maker. There was some news that a firm called Touchscreen Gestures filed a patent infringement lawsuit against RIM claiming that the company is violating four of its patents. In a separate lawsuit, Touchscreen is making the same claims against Apple.
* Google (NASDAQ:GOOG, -1.22) beat earnings expectations with a profit of $2.9 billion for the first quarter, up 61% from a year earlier. The internet search engine giant`s revenue climbed 24% to $10.7 billion, but shares suffered as the company announced an unusual stock split designed to preserve Google founders` control of the company. The split immediately raised concerns about the company`s growth prospects, ad rates and payments to partners.
* In other tech news, Facebook is on a buying spree before it goes public (which reports are saying should happen in May). This past week the company agreed to buy photo network Instagram for $1 billion U.S. in cash and stock and quietly bought mobile loyalty reward start-up Tagtile to expand its portfolio of products. Facebook is preparing to raise $5 billion in its initial public offering, which would make it the biggest Internet IPO ever and will value the company at as much as $100 billion in the stock sale.
* Sherwin-Williams (NYSE:SHW, +5.28) raised its outlook for first-quarter profits which sent shares upward yet again this past week. Shares have risen every week so far in 2012, tracking higher from $89 to current levels of $116.62 so far.
* Shares of grocery retailer Supervalu (NYSE:SVU, +24.95%) had fallen for seven straight weeks before reporting earnings and future guidance this past week that exceeded expectations. The company reported a loss for the fourth quarter, but earned 38 cents per share on an adjusted basis, which topped analysts` forecasts of 35 cents per share. Revenue slipped 5% to $8.23 billion, but still beat expectations of $8.14 billion.
* Discount chain Dollarama Inc. (TSX:DOL, +6.04%) continued on its upward path upon reporting net income that climbed 51% to $63.6 million or 84 cents per diluted share in its fiscal fourth quarter, up from $42 million or 56 cents per share a year earlier. Sales jumped 14.7% to $468.7 million.
* Electronics retailer Best Buy (NYSE:BBY, -2.69%) was in the spotlight following news that its CEO Brian Dunn surprisingly resigned amid an investigation into his “personal conduct.” Best Buy would not provide details of the investigation, but did say that “the findings will be made public and appropriate action will be taken if warranted.” * Fibrek Inc. (TSX:FBK, -2.80%) shares dove from the week`s highs (shares were up about 20%) after Resolute Forest Products — formerly known as AbitibiBowater Inc. — said it has acquired 46.8% ownership of the pulp producer by the offer`s deadline late Wednesday through a hostile takeover bid.
* Electronics maker Sony Corp. (NYSE:SNE, -13.24%) made headlines for not only warning that its annual loss from 2011 will be at least double what it originally projected but also that it would be cutting 10,000 jobs during the 2012 fiscal year in efforts to re-invigorate its struggling business.
* Valeant Pharmaceuticals International Inc. (NYSE:VRX, -3.58%) shares edged lower after the company said it bought U.S.-based Pedinol Pharmacal Inc., a podiatry-focused, privately-owned specialty pharmaceutical company, for about $27 million. Valeant snagged the company for less than 1.5 times sales. Revenue for 2011 was approximately $18 million and the transaction is expected to be immediately accretive.
* Shares of McKesson (NYSE:MCK, +3.02%) jumped on news that the U.S.
Department of Veterans Affairs awarded the wholesale pharmaceutical company a contract worth about $4 billion a year to supply medication to VA facilities. McKesson will continue to be the main pharma supplier to the VA by supplying pharmaceuticals for all of the department`s medical centers, outpatient clinics, and mail-order pharmacies.
* Air Canada (TSX:AC/B) just can`t stay out of the news with negative press regarding its ongoing labor conflicts. This past week, the company warned about possible airport disruptions which did come true as a result of threats that a small group of pilots staged a “sick-in” to express their displeasure with airline management. The union representing the Air Canada employees had threatened to strike after labor negotiations failed, but the Canadian government enacted legislation in mid-March preventing a strike. On Friday, the federal labor relations board declared the “sick-in” an illegal strike.
Shares did manage to hang tight and close the week even at 86 cents.
Weekly Indices Results:
The S&P TSX Composite Index closed higher than it opened the week, but a gap down on Monday caused the main Canadian index to fall for the seventh straight week; subtracting 62.72 points, or 0.52%, to 12,040.39. The TSX Venture Exchange lost points as well again last week, sliding another 21.11 points, or 1.43%, to finish at 1,459.93.
In the States, the Dow Jones Industrial Average fell for the third time in four weeks; dropping by 210.55 points, or 1.61%, on the week to 12,849.59. The much-broader S&P 500 followed suit; stripping 27.82 points, or 1.99%, from its total to close at 1,370.26. The tech-rich NASDAQ Composite paced the laggards by giving up 69.17 points, or 2.25%, to 3,011.33 on the week.
Canadian Economic Data:
* A surge in construction on multiple units pushed housing starts for March to higher than expected levels. The Canada Mortgage and Housing Corporation said that housing starts rose to 215,600 units (seasonally adjusted) during the month, up by 10,300 units over February`s level.
Economists are keeping a close eye on signs of softening in the housing markets which, at this point, are still remaining robust thanks to higher housing prices coupled with historically low interest rates.
* The New Housing Price Index rose 0.3% in February, following a 0.1% increase in January. The metropolitan region of Toronto and Oshawa was the top contributor to the increase in February. The positive impact of this region on the overall index was slightly offset by the decrease observed in Vancouver. From January to February, Regina (+2.4%) posted the largest monthly price advance, followed by Halifax (+1.2%) and St. Catharines-Niagara (+1.1%). On a year-over-year basis, the index was up 2.3 percent in February, following a 2.4 per cent increase in January, with the gains again driven by prices in Toronto and Oshawa.
* Canada’s merchandise exports declined 3.9% and imports edged up 0.2%. As a result, Canada’s trade surplus nosedived from $1.9 billion in January to $292 million in February. Exports declined to $39.6 billion, as volumes fell 3.5% in February. After posting several monthly increases, exports of energy products and automotive products were the main contributors to the overall decline. Exports to the United States, Canada`s largest trade partner, decreased 3.8 percent to $29.3 billion, while imports from south of the border edged ahead 0.4 percent to $24.5 billion.
Next week, the economic data front will be full with International Transactions in Securities and CREA stats on Monday; BoC Interest Rate Decision, New Motor Sales and Monthly Survey of Manufacturing on Tuesday; Employment Insurance updates on Thursday; and Leading Indicators and Consumer Price Index stats from March on Friday.
U.S. Economic Data:
* The Commerce Department reported that total February exports of $181.2 billion and imports of $227.2 billion resulted in a goods and services deficit of $46.0 billion, down from $52.5 billion in January, revised. February exports were $0.2 billion more than January exports of $180.9 billion. February imports were $6.3 billion less than January imports of $233.4 billion.
* Reinforcing concerns from the Federal Reserve that the labor market will continue to be very slow to recover, the Labor Department said that unemployment claims ticked upward by 13,000 to 380,000 for the week ended April 7, 2012. Economists were calling for 355,000 claims for the week. The weaker than expected report follows the latest payroll figures from the previous Friday that disappointed economists and reinforced the concept that the U.S. jobs market still has a ways to go to signal a healthy economy.
* The Bureau of Labor Statistics said that the Producer Price Index for finished goods was unchanged in March, seasonally adjusted.
Finished goods prices rose 0.4 percent in February and 0.1 percent in January. At the earlier stages of processing, prices received by manufacturers of intermediate goods climbed 0.7 percent in March, and the crude goods index declined 2.5 percent. On an unadjusted basis, prices for finished goods moved up 2.8 percent for the 12 months ended March 2012, the smallest year-over-year increase since a 2.7 percent rise in June 2010.
* According to the Labor Department, the Consumer Price Index rose 0.3 percent in March. On a yearly basis, the CPI was us by 2.7 percent as compared to the same time in 2011. Core CPI, which excludes the volatile food and energy sectors, climbed 0.2 percent in March and was up 2.3 percent compared to March 2011. Energy prices increased 0.9 percent in March, compared with a spike of 3.2 percent in February, while food prices inched up 0.2 percent during March.
The rise in inflation has economists believing that the Fed will keep interest rates at less that 0.25%, where it has remained for nearly three and a half years.
* The Thomson Reuters/University of Michigan`s preliminary index of consumer sentiment showed that confidence among U.S. consumers chilled in April from a one-year high in March. The index dropped to 75.7 in April from 76.2 last month. Economists had expected the gauge of consumer`s optimism about the economy to remain unchanged for the month.
Next week, data in the States will bring a host of data, including Retail Sales and the NY Empire State Manufacturing Index on Monday; Building Permits, Housing Starts and Industrial Production stats on Tuesday; and Existing Home Sales, Leading Indicators, the Philadelphia Fed Survey and Jobless Claims on Thursday.
Penny Stocks to Watch & Company Spotlight Results:
Among the stocks we watched this week, mineral explorer Great Quest Metals Ltd. (TSX-Venture:GQ) shot out of the gates to an intraweek high of $1.94 on Monday and held the majority of the gains throughout the week; closing at $1.81 for a gain of $0.40, or 28.37%, per share.
The other stock we had on radar, precious metal explorer Gold Canyon Resources Inc. (TSX-Venture:GCU) gapped to its intraweek high on Monday as well with a rise to $1.38, but slid on Friday to erase any gains, ending Friday`s trading at $1.27 for a mild loss of 2 cents, or 1.55%.
In the States, retailer American Apparel (AMEX:APP) added points every day before some profits were taken on Friday after the stock hit its intraweek high of $1.05; paring gains to a strong 29.87%rise with the stock closing at $1.00 for a gain of $0.23 on the week. The other U.S. stock on our watchlist, petroleum distributor SMF Energy Corp.
(NASDAQ:FUEL) did not fare as well with a steady slide to close the week down by $0.19, or 18.45%, at $0.84 with an intraweek high of $1.05.
If you`d invested in all four stocks and held them to the end, you`d have seen an average gain of 9.56%. However, if you`d bought all four at the beginning of the week and sold each at its peak, you`d have realized gains of an impressive 20.72%.
Next week, we focus on Great Quest Metals Ltd. (TSX-Venture:GQ) and Gold Canyon Resources Inc. (TSX-Venture:GCU). In the States, look for big things from Primo Water Corp. (NASDAQ:PRMW) and Alexza Pharmaceuticals Inc. (NASDAQ:ALXA).
In spotlight news, Teryl Resources Corp. (TSX-Venture:TRC) reported that their amended mines exploration permit has been approved by the Ministry of Energy and Mines, for the exploration work for the Silverknife Property, a silver/lead/zinc prospect located in the Liard Mining Division, BC. More precisely, the approval grants Teryl the authorization to conduct a 20 kilometer induced polarization survey and 12 ground based drill sites. The Silverknife Property hosts a known historic prospect (the Silverknife Prospect) with defined Silver-Lead-Zinc mineralization within only two kilometers of Silvercorp`s active Silvertip Silver-Lead-Zinc deposit. Shares of TRC rose 7.69% on the week to close at $0.07.
Shares of Meadow Bay Gold Corp. (TSX:MAY, OTCQX:MAYGF) edged ahead by 3 percent this week to close at $1.03 which puts the chart in a particularly appealing position as it tested a resistance point of $1.10 on Friday on a large increase in volume. The value of a share pushed ahead on Tuesday, Wednesday and Thursday, making a solid rounded bottom off a support level around 95 cents. The chart should remain on alert for our members next week as the momentum is building in Meadow Bay Gold and a breakout is a strong possibility.
Another Company hitting our radars this week is Vatic Ventures Corp.
(TSX-Venture:VCV). First, the technicals for VCV seem quite appealing, it looks like something is brewing here. When examining the one year chart, it is evident that this stock has been in a serious downtrend from roughly$0.25 last spring to under $0.10 earlier this week, but that`s where everything changes. Earlier this week, the stock traded at $0.08 a share, it`s medium term support level, and from there took off. Volume spikes are tell tale signs of something changing in a big way. On Wednesday, volume and the stock price both spiked upward and continued into Thursday pushing the stock up to $0.13 with no catalyst that we can notice, Friday saw continued high volume but the price took a pause from rising, which is giving the stock time to build a new higher priced base. Volume and stock price increases without any catalyst in some cases mean that something big is brewing and insiders are loading up on shares, but again that is just pure speculation, as it can be for any number of different reasons. One level of resistance looks like it will be in the $0.15 range, but if the volume continues to be high or if there is any other catalyst such as a positive press release, that resistance level could be blown through really quickly.
Most of the technical indicators are showing bullish readings for the stock and with some positive momentum from the broader markets, this stock could be an interesting play for bottom pickers. As we always mention to investors, these are merely the interpretations of AllPennyStocks.com. We encourage all investors to do their own due diligence and consult with a financial advisor prior to making any investment decisions.
Vatic Ventures Corp. is a junior exploration company developing high yield precious metal projects throughout North America. Focusing on high yield gold and silver projects, Vatic Ventures currently holds two projects, the BM gold property in the Spences Bridge Gold Belt near Merritt, BC and has a Lease/Option-to-Purchase Agreement for the La Silla West property near Mazatlan. The company continues to explore new opportunities and prospects. We will be performing further due diligence on the Company in the coming weeks, but given the sudden awakening of the stock price and volume, we wanted to alert our investors to this Company as soon as possible and encourage them to follow developments in Vatic Ventures into next week to see if the volume and price spike can continue.
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Before making a purchase or sale of any securities featured on our web site or mentioned in our reports, we strongly encourage and recommend consultation with a registered securities representative. This is not to be construed as a solicitation or recommendation to buy or sell securities. As with any stock, companies we select to profile involve a degree of investment risk and volatility. Particularly Small-Caps and OTC-BB stocks. All investors are cautioned that they may lose all or a portion of their investment if they decide to make a purchase in any of our profiled companies. Past performance of our profiled stocks is not indicative of future results. The accuracy or completeness of the information on our web site or within our reports is only as reliable as the sources they were obtained from. The profile and opinions expressed herein are expressed as of the date the profile is posted on site and are subject to change without notice. No investor should assume that reliance on the views; opinions or recommendations contained herein will produce profitable results. AllPennyStocks.com may hold positions in securities mentioned herein, and may make purchases or sales in such securities featured on our web site or within our reports. In order to be in full compliance with the Securities Act of 1933, Section 17(b), AllPennyStocks.com will disclose in it`s disclaimer, what, if any compensation was received for our efforts in researching, presenting and disseminating this information to our subscriber database and featuring the report on the AllPennyStocks.com web site. AllPennyStocks.com has been compensated eight thousand five hundred dollars by the Company for its efforts in presenting the V.VCV profile on its web site and distributing it to its database of subscribers as well as other services.
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THE READER SHOULD VERIFY ALL CLAIMS AND DO THEIR OWN DUE DILIGENCE BEFORE INVESTING IN ANY SECURITIES MENTIONED. INVESTING IN SMALL CAP SECURITIES IS SPECULATIVE AND CARRIES A HIGH DEGREE OF RISK.
We encourage our readers to invest carefully and read the investor information available at the web sites of the Securities and Exchange Commission (SEC) at: http://www.sec.gov ( http://www.sec.gov ) and/or the National Association of Securities Dealers (NASD) at:
http://www.nasd.com ( http://www.nasd.com ). Readers can review all public filings by companies at the SEC`s EDGAR page. The NASD has published information on how to invest carefully at its web site.
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