Sarasota, FL 3/26/2008 8:35:50 PM
New IPO's (HFFIU), (GOCH), (PVSO), (DSEPF), (COPRF)
Pennycents Magazine Reports On New IPOs
Pennycents Magazine, the market’s most valuable research tool covering micro-cap, penny stock and otcbb equities, issued the following daily column by Brian Kline.
Even in an unstable stock market, entrepreneurs, venture capitalists, and business executives move forward with initial public offerings of shares. Today we examine several IPOs completed very recently by looking at five companies’ business models, the high and low stock prices since the IPO, and the volume of shares trading.
Healthy Fast Food (HFFIU) is in the business of owning and operating EVOS restaurants and soliciting prospects for EVOS restaurant franchises. The EVOS restaurant concept delivers healthier food in a fast food restaurant setting. EVOS restaurants serve American favorites such as burgers, fries, shakes, and smoothies that are lower in fat and calories than most of the fast food restaurants that offer the same items. EVOS restaurants use cooking techniques, such as baking instead of frying, and high quality, healthy ingredients to create healthier items. The EVOS concept gives Americans the opportunity to eat their favorite meal of burgers and fries, with 50-70% less fat and calories and without the guilt.
Healthy Fast Food completed its IPO on March 20, 2008. Trading opened at the low of $ 5.25 and saw a high of $6.25. The initial day’s trading involved 170.37K shares.
Geeks On Call Holdings (GOCH), through its wholly-owned subsidiary of Geeks On Call America, is a national provider of on-site computer services and solutions to small business and residential customers. Founded in 1999, the company helped pioneer the on-site residential IT service concept. The company certifies IT professionals to provide computer privacy and security solutions, hardware and network installations, troubleshooting, repairs, upgrades, and consulting. The company began franchising in 2001 and has granted over 300 franchises with new locations opening regularly.
Geeks On Call Holdings completed its IPO on February 14, 2008. On February 19 it reached a closing high of $ 2.99 and saw it lowest trading close on March 20 at $1.50. Trading volumes have been sporadic with several days below 5,000 shares but most days have seen trading within a range of 5K – 15K shares.
Photovoltaic Solar Cells (PVSO) was founded by two Cornell University Graduates as a research and development firm dedicated to providing the latest innovations in solar technology. Seven years later, Silicon Solar has grown to be one of the largest innovators and suppliers of solar energy technology in America. The company has over 82,000 unique customers ranging from household consumers to the U.S. Government.
Photovoltaic Solar Cells had its highest closing on February 13 at $2.00, the same day as the IPO. Its closing low was March 19 at $1.50. Trading volumes have been light with only two days when 1,000 or more shares exchanged hands. Many days have seen trading at several hundred shares while other days have seen no trading at all.
Disenco (DSEPF) is a British company that was established in 2003 to continue the development and commercialization of a domestic boiler to produce electricity, heat, and hot water from a single appliance. It targets domestic and local small-scale markets. It obtained British regulatory approval in June 2006 and hopes to begin commercial sales in Q3 of 2008.
Disenco completed its IPO at the end of January 2008. Since then, the stocks’ closing high was February 11, 2008 at $0.2644 with a low on March 11 at $0.2391. Trade volumes have varied greatly with two days in early February reaching 50K shares and several other days in the 10K -25K range. However, there have also been days when no shares traded.
Centenario Copper (COPRF) was founded in 2004 with the goal of becoming a mid-tier copper producer. Focused on Chile, management believes this country contains a significant number of mid-sized, advanced mineral projects that do not meet the size thresholds for major mining companies but may be economically mined by smaller companies. The corporation, through its Chilean operating subsidiaries, currently has one development stage project and two predevelopment stage projects in northern Chile.
Trading began in mid January 2008. The closing high was January 17 at $6.72 and the low February 14 at $5.87. Late January saw two trading days with volumes between 15K – 20K. During February, almost no trading took place. March is now seeing trading volumes consistent at 5K shares each day.
The writer does not own shares in the above stocks.
About Pennycents Magazine
Pennycents Magazine, along with the Pennycents.com web site, features information on up-and-coming micro-cap, and penny stock companies listed on the OTCBB and Pink Sheets, as well as commentary on the factors that influence the market. As a totally unbiased penny stock information platform, Pennycents does not accept payment from the companies mentioned in its articles or columns. Neither Pennycents, nor its staff or writers, are allowed to invest in companies featured in the magazine. You can have Pennycents mailed to your door or learn more by visiting its website at http://www.pennycents.com.
PC Capital Holdings, LLC (Pennycents) believes the information contained herein to be accurate and reliable as of the issue publication date. The information contained herein is not guaranteed or warranted by Pennycents to be accurate, and should not be considered to be all-inclusive. The companies that are written about in Pennycents have not approved the statements made in this disclaimer. Information contained herein may contain forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or a solicitation of an offer to buy or sell securities. Pennycents is a magazine and not a licensed broker, broker/dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a licensed broker before purchasing or selling any securities viewed on http://www.pennycents.com or mentioned herein.
