Spain Bond Yields Hit Danger Levels, Europe Fears Still Rattling Markets

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http://ymlp221.net/z7ebwx ——————————————————————————– June 24, 2012 Week In Review…

Week In Review For June 18 to June 22, 2012 Canadian Companies mentioned include:

* HRT Participacoes em Petroleo S.A. (TSX-Venture:HRP) * Natcore Technology Inc. (TSX-Venture:NXT) * Stonegate Agricom Ltd. (TSX:ST) * BNK Petroleum Inc. (TSX:BKX) * Vatic Ventures Corp. (TSX-Venture:VCV ) U.S. Companies mentioned include:

* VHGI Holdings Inc. (OTCBB:VHGI) * Carrefour SA (Pink Sheets:CRRFY) * Cardiome Pharma Corp. (NASDAQ:CRME) * AEterna Zentaris Inc. (NASDAQ:AEZS) * Medical Marijuana Inc. (Pink Sheets:MJNA) This week on AllPennyStocks.com:

* Article Published, June 19, 2012: Too Many Investors Overlooking This Junior Mining Gem (http://www.allpennystocks.com/aps_ca/special-reports/277/too-many-investors-overlooking-this-junior-mining-gem.htm) (CDN Company) * Article Published, June 19, 2012: Terminating Solar Deal Leads to Share Price Rise for Zentric (http://www.allpennystocks.com/aps_us/special-reports/273/terminating-solar-deal-leads-to-share-price-rise-for-zentric.htm) (U.S. Company) * Article Published, June 22, 2012: Ballard and Mercedes-Benz Creating New Jobs in Canada with Fuel Cell Production Facility (http://www.allpennystocks.com/aps_ca/special-reports/278/ballard-and-mercedes-benz-creating-new-jobs-in-canada-with-fuel-cell-production-facility.htm) (CDN / U.S. Company) Follow AllPennyStocks.com on Twitter: Click here: ( http://www.allpennystocks.com/aps_common/twitter.asp ) to join AllPennyStocks.com on Twitter. Find out about the penny stocks to watch before anyone else, only on Twitter. Following AllPennyStocks.com is free, get all the details here: ( http://www.allpennystocks.com/aps_common/twitter.asp ).

WEEKLY UPDATE -STOCKS STUMBLE FOR WEEK ON THURSDAY TRADING DEBACLE Stocks in North America started the week choppy, went haywire on Thursday, then recouped a bit of the losses on Friday in another “catch me if you can”- type of trading week with the NASDAQ exchange the only of the five majors closing the week green. The Toronto Venture exchange closed at its lowest levels since the final week of August 2009. Monday opened with initial optimism, a day after the election in Greece yielded a win for the New Democracy party – the group that supports the European bailout austerity measures and the country staying in the euro zone. Investors had been nervous that a weekend victory by the austerity opponents could send the situation in Europe spiraling out of control as Greece would have very likely been exiting the euro. While that vote was a positive for the markets, economists are still acutely aware of Greece`s poor economic condition, Spain`s faltering banks and Europe`s sovereign debt crisis still poses significant problems for the global economy.

Bond yields in Spain continued to escalate with the 10-year bond hitting a euro-era record high of 7.14% on Monday, a sign that other euro zone countries are probably going to have to step-in and provide a bailout to the country. Yields on Italian 10-year bonds held firmly above 6 percent, a warning that Italy could be next in line, desperate for bailout funds.

Auditors completed their assessment of Spanish banks; calculating that Spain`s troubled banks need as much as €62 billion ($78.76 billion) to stabilize their faltering positions. Surprisingly, the total was much less than the €100 billion that the 17 countries in the euro currency union said they would provide for Spain`s banking sector. In a move that should help Spain`s banks, the European Central Bank said it is easing its lending rules for banks and accepting a wider range of collateral, including car loans and mortgage-backed securities.

Traders were also focused on a two-day U.S. Federal Reserve Board meeting that concluded with a press conference led by Fed Chairman Ben Bernanke on Wednesday. Bernanke announced that the central bank would be extending “Operation Twist,” a financial move under which it sold $400 billion in short-term securities and replaced them with long-term securities in an effort to put more downward pressure on long-term rates. The program was slated to expire on June 30, but will now be extended to the end of 2012. As part of the program extension, the Federal Reserve will be increasing its holdings in long-term treasuries by $267 billion.

The move only met the low-end of investors` hopes as Operation Twist is a stimulus that pales in comparison to another full-blown round of quantitative easing that investors was asking for. As he has done repeatedly, Bernanke assured that the the main bank is monitoring the situation closely and will provide all necessary support when required.

The Fed had plenty to say this past week. It lowered its forecast for 2012 economic growth to a range of 1.9% to 2.4% from April`s outlook between 2.4% and 2.9%. It also raised its forecast for the unemployment rate, predicting it will end the year between 8%, it currently sits at 8.2%. Interest rates were also held near zero, where they`ve been since December 2008, in an attempt to boost the economy. The record low rates are expected to remain intact for at least another 18 months.

Thursday dealt a substantial blow to the North American markets as the Dow fell more than 250 points, representing its second-worst day in 2012, and the TSX dumped more than 350 as commodity prices fell amid a perfect storm of negative information being dropped on investors.

Data from China showed that manufacturing fell to a seven-month low, a sign that factories there are being hit by weakening demand. Goldman Sachs didn`t beat around the bush when they issued a report telling investors to short, or sell, the S&P 500 until it falls at least 5 percent below current levels. Data from the States showed continuing contraction in manufacturing and lastly, jobless claims didn`t drop as expected. Germany, the healthiest and largest euro zone economy, hit the radar of investors after the German Ifo business confidence index fell to its lowest level in more than two years. If that wasn`t enough, Moody`s downgraded 15 of the biggest banks in the world, including moving Citigroup to just two steps above junk status, saying the long-term prospects for profitability and growth amongst big banks were dimming.

Dampening bank sentiment in Canada, the government announced stricter mortgage regulations for the fourth time since 2008 in an attempt to moderate the housing bubble. Among the changes, the Department of Finance lowered the refinancing ceiling to 80% from 85%, and narrowed the maximum amortization period to 25 years. Further, homes costing more than $1 million will no longer qualify for insured mortgages, and mortgage payments and the total debt service ratio will now be capped.

Summing-up Thursday, Rex Macey, chief investment officer at Wilmington Trust Investment Advisors, explained, “What`s worse is that things are getting weaker without the Fed coming in. We had a run-up in the market this month because people had been expecting Fed action.

Today, the market is giving it back.” Although there was no where near enough movement to recover from Thursday`s pounding, U.S. stocks and the TSX Composite still ended the week on a high note with banks leading the way after Thursday`s downgrades. Analysts promulgated that the downgrade was actually healthy from many angles as it finally put an end to speculation over what downgrades could mean to bank`s funding costs, with the resulting cuts having only a modest impact on costs in question. The KBW Bank Index, which tracks the 24 leading U.S. banks, increased 1.4 percent on Friday as part of a broad rally in the States to pare losses for the week. The strong move on Friday pulled the KBW Bank index into positive territory on the week, gaining 0.9 percent.

The upcoming week should put Europe back in the crosshairs as investors look for a more definitive plan on the bailout of Spain`s banks after the number crunchers completed stress tests and put a figure on just how much money their banking system needs this week.

Spain will be formally applying for the bailout funds on Monday.

Traders will also be listening for news coming out of the two-day meeting of the European Council in Brussels beginning Thursday in which leaders will be broadly discussing the financial situation in Europe and what can be done to slow the spiral now that Spain seems to have their situation modestly under control for the moment. Economic data for the States is being generally expected to continue to disappoint, so any positive statistics that arise could also receive a warm welcome. The number of major companies reporting earnings is limited in the coming week.

The U.S. dollar and Canadian dollar traded up and down this past week with the loonie strengthening with commodities and inflation news on Friday that suggested policy makers may be in no hurry to make a change in the central bank`s borrowing rates to close a relatively flat week against the greenback. On the week, the Canadian dollar gave-up 0.17% against the USD, meaning that next week will begin with one Canadian dollar buying US$0.97642.

Commodity Snapshot:

* Gold futures docked points this past week, largely on the backdrop of Fed Chairman Bernanke keeping the launch of QE3 on the back burner still. The move to extend “Operation Twist” could be a stall tactic to immediately avoid the inevitability of another round of money printing, but it did not provide the catalyst that would drive investors to gold as a hedge against inflation. Following Bernanke`s speech, Thursday`s trading cost gold more than $50 per ounce. On the week, August contracts were the most actively traded; dropping 3.76%, or $61.20 per ounce to close the week at $1,566.90 on the Comex division of the New York Mercantile Exchange.

* Silver prices hit a 16-month low this past week as part of a broad decline in metals hampered by poor manufacturing data and Fed watchers not hearing what they wanted to relating to further stimulus. Silver prices were as high as $37.60 in the waning days of February, but have since tumbled nearly 30 percent. On the week, July silver contracts remained the most actively traded; unloading 7.23%, or $2.079, to $26.661 per ounce.

* Copper prices were also struck by bank downgrades and deepening concerns about the global economy and demand for raw materials.

Again, volume was weak with some technical buying coming in on Friday to stem losses as copper prices bounced again off support levels around $3.25 per pound. July contracts were the most actively traded on New York`s COMEX exchange during the week and finished behind by 7.75 cents, or 2.29%, at $3.306 per pound.

* Oil prices slid to eight-month lows amidst weakening data in the U.S. and China growing demand concerns and the U.S. Energy Information Administration`s weekly crude inventories report revealing an increase of 2.9 million barrels in the week ended June 16. Economists had expected a decline. The good news for consumers is that fading oil prices should translate to lower premiums at the pump. Tom Kloza, oil analyst at the Oil Price Information Service, commented that there is a potential for gas prices in the States to slip below $3 per gallon in the fourth quarter of 2012. On the week, August contracts for West Texas Intermediate crude shed $4.27, or 5.08%, to close at $79.76 per barrel.

Equity Market Snapshot:

(All percentages on a weekly basis unless otherwise noted) * Major gold miners continued to struggle for sustained traction.

Barrick Gold (ABX, -3.57%), Yamana Gold (YRI, -5.13%), Agnico-Eagle Mines (AEM, -3.15%), Kinross Gold (K, -6.63%), Newmont Mining (NMC, -4.34%) and Goldcorp (G, -5.48%) all suffered substantial losses on the TSX.

* The gold miner news of the week came from Extorre Gold Mines (TSX:XG, +64.17%) as the company reported entering into a deal with Yamana in which the larger miner would acquire Extorre for $4.26 a share in cash and stock, or approximately $413 million, at a 68% premium to Extorre`s Friday closing price.

* Alimentation Couche-Tard Inc. (TSX:ATD/B, +9.45%) said that it has succeeded in its protracted, $2.7-billion takeover bid for Norway`s Statoil Fuel & Retail ASA (NYSE:STO, -6.67%). The company said almost 91% of Statoil Retail`s shares have now been tendered to the offer, which is above the 90% threshold at which Couche-Tard has said it would initiate a compulsory acquisition of the rest of the shares in the company.

* On Friday, shares of Centerra Gold (TSX:CG, -27.78%) tumbled after announcing that the parliament in Kyrgyzstan was discussing issues related to the company`s compliance with environmental, health and safety standards at its flagship Kumtor gold project.

* Energy stocks sunk lower with crude dropping again. Suncor Energy (NYSE:SU, -3.03%), Talisman Energy (NYSE:TLM, -5.33%), Imperial Oil (NYSE:IMO, -7.28%), Cenovus Energy (NYSE:CVE, -2.88%) and Canadian Natural Resources (NYSE:CNQ, -2.73%) all doffed-off points.

* Also in the energy field, NGEx Resources (TSX:NGQ, +21.25%) jumped after initial results of a drilling project in Argentina were announced by the company.

* The financial sector in the States had what could only be considered a strange week, to say the least with downgrades that would typically collapse companies reaping mixed results, but nothing too detrimental. Bank of America (NYSE:BAC, +0.51%), Wells Fargo & Co.

(NYSE:WFC, +1.11%) and JPMorgan (NYSE:JPM, +2.74%) all forged gains while Goldman Sachs Group (NYSE:GS, -2.12%) and Citigroup (NYSE:C, -1.13%) suffered losses.

* On the Canadian banking front, global bank downgrades and Europe`s situation didn`t slow financial stocks from climbing. Bank of Montreal (BMO, +0.05%), Canadian Imperial Bank of Commerce (TSX:CM, +1.13%), Royal Bank of Canada (RY, +1.41%), The Bank of Nova Scotia (TSX:BNS, +1.81%) and National Bank of Canada (TSX:NA, +0.70%) all added points while Toronto-Dominion Bank (TSX:TD, -0.16%) sifted-off a few.

* Canadian Imperial Bank of Commerce said it will be closing operations at its FirstLine Mortgage business after it failed to find an acceptable buyer. The big Canadian bank said that it couldn`t find an acceptable deal after trying since March to shop its FirstLine mortgage-broker unit.

* First Solar (NASDAQ:FSLR, +13.84%) shares jumped on the news that the L.A. County Department of Public Works agreed to approve the solar panels that the company wanted to use in the 230-megawatt plant in a high-desert area known as the Antelope Valley in California.

* In more things tech, Microsoft (NASDAQ:MSFT, +2.27%) shares edged higher after the software maker unveiled a Windows tablet computer of its own design late Monday.

* Shares of footwear retailer DSW, Inc. (NYSE:DSW, -9.78%) plunged after it warned that its fiscal second-quarter earnings would come in at 60 to 64 cents a share, far below its previous guidance and a consensus forecast of 76 cents a share.

* Fibrek Inc. (TSX:FBK, +1.16%) said a Quebec court granted it an order to hold a shareholders` meeting for voting on the company`s proposed takeover by Resolute Forest Products Inc. (TSX:RFP, -2.26%).

* Shares of Theratechnologies Inc. (NASDAQ:THER, -55.36%), plummeted after it said that its European partner Ferrer Internacional SA is withdrawing the marketing application for tesamorelin, a drug to reduce excess abdominal fat in HIV-infected patients, after a health committee raised safety concerns. Theratechnologies said it no longer projects positive earnings for 2013.

* Encana Corp. (NYSE:ECA, -10.18%) said that, in addition to its original budget of $2.9 billion, it will invest an additional $600 million in 2012 to increase production of valuable liquids-rich natural gas amid a prolonged downturn in the price of so-called dry gas.

* In the Internet space, shares of Groupon (NYSE:GRPN, +3.38%) pushed upward after the online coupon site was upgraded to overweight with an $18 price target by an analyst at Morgan Stanley (NYSE:MS, -1.12%).

Speaking of Morgan Stanley, the Wall Street Journal published an article early in the week saying Morgan Stanley, the lead underwriter for Facebook (NASDAQ:FB, +10.12%), was responsible for many of the problems with the IPO.

* Shares of Pandora (NYSE:P, +1.40%) rose even after Spotify announced it was launching a free mobile radio app for Apple`s iPhone, iPad and iPod touch.

* Air Canada (TSX:AC/B, +1.01%) finally settled their 14-month long labor dispute as an arbitrator selected the company`s final proposal resulting in a new five-year agreement. The airliner also reported making their first flight using biofuel, which the company said is expected to cut emission by at least 40%.

* Drugstore chain Walgreens (NYSE:WAG, -7.01%) shares fell as it reported that it was buying a 45% equity ownership stake in Alliance Boots, the Switzerland-based drug wholesaler that is a major global drugstore chain.

* Ballard Power Systems (NASDAQ:BLDP, +4.42%) cut its 2012 sales guidance; calling for an adjusted operating loss due to delays in signing a deal in Brazil. The company now expects revenue to total about $85 million in 2012, down from an earlier estimate of $100 million.

* Lower guidance was a bit of a theme as shares of Dow component Procter & Gamble (NYSE:PG, -4.85%) cut its sales and earnings guidance for the current quarter and the full year. Software maker Adobe Systems (NASDAQ:ADBE, -2.55%) also chimed-in with a drop in its guidance, citing “a weaker demand forecast in Europe.” * Repligen Corp. (NASDAQ:RGEN, -4.82%) said the U.S. Food & Drug Administration confirmed that the biologic-product developer needed additional clinical testing to support approval for its new drug application for synthetic human secretin drug RG1068, also known as SecreFlo. SecreFlo detects pancreatic-duct abnormalities in patients with pancreatitis.

* Shares of Bed Bath & Beyond (NASDAQ:BBBY, -15.79%) paced S&P 500 laggards after the retailer offered disappointing guidance for the current quarter even though it reported better profits than analysts expected.

* Johnson & Johnson (NYSE:JNJ, +0.94%) is close to settling a probe with the Justice Department into the company`s promotion of the antipsychotic drug Risperdal, which could include a payment of $1.5 billion. The payment would be the largest ever for the company, but it would avoid a felony charge that could prevent the company from selling its medicines to government health programs such as Medicare.

* Food maker ConAgra Foods (NYSE:CAG, +1.52%), whose brands include Hebrew National and Chef Boyardee, posted adjusted earnings and sales that topped Wall Street`s expectations.

* Struggling retailer JC Penney (NYSE:JCP, -9.36%) said that its president Michael Francis had resigned. JCP had hired Francis in October 2011 from competitor Target (NYSE:TGT, -1.61%) to lead new marketing efforts, but the initiatives have yet to produce results with sales still stubbornly slow.

* Red Hat (NYSE:RHT, -2.62%), the largest provider of the Linux open-source operating system for computers, disclosed a better-than-forecast gain in earnings, but reported disappointing billings for the quarter, sending shares lower.

Weekly Indices Results:

The S&P TSX Composite Index faded; losing 89.36 points, or 0.78%, to 11,435.54. The TSX Venture Exchange continued its downward plight; dropping 44.99 points, or 3.60%, to 1,206.03.

In the States, the Dow Jones Industrial Average stopped its win streak at two weeks, dropping by 126.39 points, or 0.99%, ending the week at 12,640.78. The much-broader S&P 500 followed along; contracting its total by 7.82 points, or 0.58%, to close at 1,335.02. The tech-rich NASDAQ Composite was the only winner; tacking-on 19.62 points, or 0.68%, to 2,892.42 on the week.

Canadian Economic Data:

* Statistics Canada reported that offshore investors acquired $10.2 billion of Canadian securities in April, after a bit of a selloff the month before. Canadian investors` holdings of foreign securities went down by $2.7 billion, predominantly in bonds.

* Stats Can also said that wholesale sales rose 1.5% in April to $49.3 billion, mostly due to higher sales in the agricultural supplies industry.

* Retail sales declined 0.5% to $38.9 billion in April, more than offsetting the gain in March. Lower sales were reported in 8 of 11 subsectors, representing 78% of retail sales. Following six straight monthly gains, sales at clothing and clothing accessories stores declined 2.8%. In volume terms, retail sales decreased 0.8%, the third decline in four months.

* The number of people receiving regular Employment Insurance benefits decreased for the third consecutive month in April, down 28,600 (-5.3%) to 513,700. The number of beneficiaries decreased in nine provinces, with the largest percentage declines occurring in Quebec, Ontario, Alberta and Saskatchewan.

* Canada`s annual inflation rate hit a 23-month low in May, as prices for energy products recorded their first year-over-year decline since October 2009. The all-items consumer price index eked higher by 1.2%, following a 2% climb recorded in April. The May result was the lowest such advance since June 2010 and below market expectations for a 1.5% annual rate. The low inflation figures has economists deliberating over whether or not the Bank of Canada will refrain from raising interest rates anytime soon.

Next week, economic data will include Payroll and Earnings updates on Thursday; and the Industrial Product Price Index and Raw Materials Price Index stats on Friday.

U.S. Economic Data:

* The Labor Department reported filings for initial unemployment benefits which was little changed in the week ended June 16, suggesting that the labor market continues to struggle to regain momentum. Initial claims for state unemployment benefits slipped 2,000 to a seasonally adjusted 387,000 from the week prior which was revised up to 389,000 from the previously reported 386,000.

Economists were expecting a sharper drop to around 380,000. The four-week average of applications for unemployment benefits jumped to the highest level since September.

* Home builders filed in May for the greatest number of building permits since September 2008. The Commerce Department reported that permits came in at a seasonally-adjusted annual rate of 780,000, easily topping economists` forecasts of 725,000.

* Coming up just shy of forecasts, housing starts, which are more affected by weather than are permits, fell 4.8% to an annual rate of 708,000 in May as compared to an upwardly revised 744,000 in April. A drop in apartment construction was largely attributed to the decrease.

Compared with May 2011, new construction is up 28.5%.

* Home resales fell in May and the median sales price rose; a result of a drop in sales of lower priced homes, according to the National Association of Realtors. In line with analysts` predictions, existing home sales slipped 1.5 percent to an annual rate of 4.55 million units last month. Nationwide, the median price for a home resale rose to $182,600 in May, up 7.9 percent from a year earlier and the highest since June 2010.

* Falling to its lowest level in 10 months, the Philly Fed`s business outlook survey fell to negative 16.6 from negative 5.8 in May, according to the Philadelphia Federal Reserve Bank. The report surprised analysts who were calling for a 0 reading, but was in line with the stark drop that was reported by the Empire State Manufacturing Index last week showing a rapid decline in manufacturing activity as well.

Next week, data in the States will include New Home Sales on Monday; S&P Case Shiller Index and Consumer Confidence on Tuesday; Durable Goods Orders and Pending Home Sales on Wednesday; Gross Domestic Product and Initial Jobless Claims on Thursday; Personal Income and Outlays, Chicago PMI and Consumer Sentiment on Friday.

Penny Stocks to Watch & Company Spotlight Results:

Among the stocks we watched this week, oil and gas producer HRT Participacoes em Petroleo SA (TSX-Venture:HRP) bucked the trend of the Venture exchange by hitting an intraweek high of $2.05 before settling back to close the week ahead by 18 cents, or 11.61%, at $1.73. The other Canadian stock on our radar, thin-film grower Natcore Technology (TSX-Venture:NXT) came out of the gates to hit its intraweek high of 75 cents early Monday, but lost traction and closed the week down by a nickel, or 6.85%, at $0.68.

In the States, distributor Carrefour SA (Pink Sheets:CRRFY) gapped down to start the week before developing a slow uptrend, although still mildly closing down for the week at $3.57 for a loss of 4 cents, or 1.11%, with an intraweek high at $3.66. The other U.S. stock on our watchlist, basic materials company VHGI Holdings Inc. (OTCBB:VHGI) simply could never get it in gear until Friday; closing at 5.5 cents for a loss of 6 cents, or 52.17%, with an intraweek high of 11.5 cents.

If you`d invested in all four stocks and held them to the end, you`d have seen an average loss of 12.13%. 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 9.10%.

Next week, we focus on Stonegate Agricom Ltd. (TSX:ST) and BNK Petroleum Inc. (TSX:BKX). In the States, look for big things from Cardiome Pharma Corp. (NASDAQ:CRME) and AEterna Zentaris Inc.

(NASDAQ:AEZS).

On the Corporate Spotlight Front…

Medical Marijuana Inc. (Pink Sheets: MJNA) announced the appointment of the CanCHEW Bio-technologies executive team Dr. George Anastassov, Dr. Philip A. Van Damme and Lekhram Changoer to its Board of Directors and Medical Advisory Committee. Earlier in the month, the company reported that it had acquired a 50 percent stake in CanChew, a cannabinoid (CBD)-based medicine delivery vehicle in the form of chewing gum. The product was previously owned entirely by Sanammad Foundation, a pharmaceutical development company headquartered in The Netherlands.

Also bolstering its team, Vatic Ventures Corp (TSX-Venture: VCV) announced that Mr. R. Tim Henneberry, P.Geo., formerly an independent consultant to the Company, has joined Vatic as Technical Advisor. As a Professional Geologist and a member of the Board of Advisors, Henneberry`s role initially will be to review and oversee the exploration activities of Company`s current North American precious metal projects.

We have been actively looking around for bargains as equity markets continue to get beaten up, and we believe that we found a Company that has hit all of our criteria. This junior miner is up in price from last year, which many other junior miners can`t lay claim to. Even though the price is up in 12 months, it has also slid from recent highs. This Company just announced a new property acquisition and interest seems to be building with a recent uptick in overall daily volume. We will be putting together our full report on this junior miner and be releasing it to members some time this upcoming week.

————————- Forward Looking Statements This report includes forward-looking statements that reflect the mentioned companies current expectations about its future results, performance, prospects and opportunities. the mentioned companies has tried to identify these forward-looking statements by using words and phrases such as “may,” “will,” “expects,” “anticipates,” “believes,” “intends,” “estimates,” “plan,” “should,” “typical,” “preliminary,” “we are confident” or similar expressions. These forward-looking statements are based on information currently available and are subject to a number of risks, uncertainties and other factors that could cause the mentioned companies actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and other factors include, without limitation, the Company`s growth expectations and ongoing funding requirements, and specifically, the Company`s growth prospects with scalable customers, and those outlined above. Other risks include the Company`s limited operating history, the Company`s history of operating losses, consumers` acceptance, the Company`s use of licensed technologies, risk of increased competition, the potential need for additional financing, the terms and conditions of any financing that is consummated, the limited trading market for the Company`s securities, the possible volatility of the Company`s stock price, the concentration of ownership, and the potential fluctuation in the Company`s operating results.

Disclaimer AllPennyStocks.com feature stock reports are intended to be stock ideas, NOT recommendations. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this report was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable.

For more information see our disclaimer section, a link of which can be found on our web site. This document contains forward-looking statements, particularly as related to the business plans of the Company, within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor created by these sections. Actual results may differ materially from the Company`s expectations and estimates.

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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 seven 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.

AllPennyStocks.com has been compensated six thousand dollars and two thousand five hundred dollars worth of services by a non-affiliated third-party, SmallCapVoice.com Inc. for its efforts in presenting the MJNA profile on its web site and distributing it to its database of subscribers as well as other services. Information presented on our web site and within our reports contain “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be “forward looking statements.” Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through the use of words such as “expects”, “will,” “anticipates,” “estimates, “believes,” or that by statements indicating certain actions “may,” “could,” or “might” occur.

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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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