RSII back to ONE PENNY soon?

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Rising India, Inc (RSII)

  Traders ,

 

I love low risk* / high reward plays, and RSII is one that has come to my attention that could deliver some solid gains from these levels.   RSII is currently trading at $0.002, with multi-month support at $0.0015, and a very small market cap of just $943k.   And with a 50 day moving average of $0.0017, and 200 day moving average of $0.0056, there looks like there could be clear support and resistance levels to focus on.   RSII traded above one penny back in January 2014 on very large volume . Can we see these levels again   A move back to $0.01 would give us 400% gains.

  Check out this sleepy chart with awesome consolidation just above its 52 week lows…      

 

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Rising India, Inc., (RSII) , is a publicly traded United States company whose focus is to acquire established businesses .  

RSII has recently entered the robust $600+ billion QSR (Quick Service Restaurant) Industry, the fastest growing segment in the Restaurant industry.  

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The Company plans to acquire revenue producing retail operations and launch proprietary franchise concepts as subsidiaries toward near-term shareholder value and long-term company growth.

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Rising India, Inc. Announces Dynamic Shift in Corporate Initiatives Toward Long-Term Growth, Shareholder Value

Jul 25, 2014 – Rising India, Inc. (OTC: RSII) is pleased to announce that its Board of Directors has voted in favor of a number of initiatives toward building cumulative shareholder value and long-term growth for Rising India.

First and foremost, the Board has agreed to enter the $600+ billion dollars strong and growing QSR (Quick Service Restaurant) Industry , a significant shift in business models toward near-term opportunities for revenue producing asset acquisitions. As food industry experts, Technomic, reported at their Restaurants 2013 Trends & Directions conference, the fast-casual sector is still outshining the rest of the business in sales growth.

The National Restaurant Association found that driven by a stronger economy and historically high levels of pent-up demand among consumers, restaurant-industry sales are expected to hit a record high of $683.4 billion in 2014. This will represent the fifth consecutive year of real growth in restaurant sales.

The company will be launching its new website to reflect the new business model. The website will be geared toward accessibility and transparency for shareholders.

RSII will also begin working immediately to identify strategic partnerships, target acquisitions and seasoned additions to its executive team alongside a goal to drastically increase the Company`s market cap over the next 12 months. Additionally, based on current opportunities, shareholders can expect asset acquisitions by end of year. 

"We are thrilled with the opportunities ahead," states CEO James DiPrima. "I am confident shareholders will be very pleased with our announcements forthcoming as we work diligently to secure a footing in an industry where consumers are spending roughly $1.7b per day."

Source: http://finance.yahoo.com/news/rising-india-inc-announces-dynamic-200500595.html

  We think RSII could be an excellent prospect today and for a longer term play in the coming weeks.   Make sure you do your homework immediately, and be ready for the opening bell.  

The Team www.PennyStockGeneral.com   * low risk refers to the current stock price versus its recent support price – and using appropriate stop-losses.

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