Penny Stock Head's Up / WARNING LIST - AS OF 23 JUNE 14

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Symbol Reason Reference & more details
AXCG Losing money Its financials
BBRD Losing money. For period ending 01/31/2014, Net income after taxes is shown in their unaudited report as MINUS $72,161. Its financials
BIEL Losing money Its financials
BTDG Losing money Its financials
DBMM Losing money Its financials
DGRI 2011-last financials filed OTC records
DSCR Losing money Its financials
ECDC Losing lots of money Its financials
ECOB Losing lots of money Its financials
ECOS Losing money Its financials
FROZ Losing money Its financials
EMJI 2014: losing money. $6000 revenues Its financials
IRMGF AVOID: It hasn’t produced any minerals from its properties in any meaningful quantities. It hasn’t generated a penny of revenue. And the company has racked up nearly $13 million in losses just since September 2010. DailyTradeAlert.com
CSRH AVOID: According to the most recent quarterly report (March 2014), the company has not generated a penny of revenue since July 2011. And it has racked up a net loss of $9.1 million over that same time frame, including a net loss of $2.7 million for the first nine months of fiscal year 2014. DailyTradeAlert.com
TQLA Montalvo’s most recent quarterly report shows a company in desperate financial shape. At the end of 2013, it had just $11,365 in cash compared to current liabilities of $543,936. And since the company’s inception in March 2010, it has generated just $138,350 in revenues compared to net losses of over $2.4 million. DailyTradeAlert.com
WPWR According to the most recent quarterly report, Well Power has “insufficient cash to operate [their] business at the current level for the next twelve months and insufficient cash to achieve [their] business goals.” As you might expect, the company plans to fund its operations through debt and/or equity financing arrangements. DailyTradeAlert.com
LWSP Just take a look at the company’s most recent quarterly report (September 2013) if you need some perspective.

At the end of the quarter, Legacy had just $7,383 in cash and $16,267 in total current assets. However, total current liabilities were more than 13 times larger at $218,075. And the company had a shareholder deficit of $90,630.

What’s more, the business didn’t generate a penny of revenue during the first nine months of 2013. And management racked up a net loss of $68,065 over that same time.

In fact, from the company’s inception in February 1999 to September 2013, it has generated just $110,264 in revenue while racking up over $5.5 million in losses! That’s hardly what I’d call an inspiring track record.

DailyTradeAlert.com
RBIZ At the end of January 2014, the company had just $166,327 in cash and total current assets of $232,168. Those figures are down from $1.3 million and $1.38 million respectively in the year ago period. And total current liabilities of $1.8 million are nearly eight times larger than total current assets.

The only thing keeping this company afloat is its ability to raise capital through the issuance of stock and debt instruments.

DailyTradeAlert.com
IBRC The quarterly report shows iBrands’ cash position stood at just $100 at the end of September. However, the company had current liabilities of $31,705 and long-term liabilities of $820,602.

And to make matters worse, the company had a shareholder deficit of nearly $3.2 million.

One look at the income statement and you’ll see why the balance sheet is so weak. The company had no revenue during the quarter, and it racked up a loss of almost $44,000.

In fact, the company didn’t generate a penny of revenue during any of the first three quarters of fiscal year 2013. And through the first nine months of the fiscal year, iBrands had produced a total net loss of nearly $133,000.

DailyTradeAlert.com
IMDC Quarterly report (September 2013). It shows just $7,057 in cash compared to current liabilities of $866,599. Plus, there’s a long term debt of $368,501 that is owed to a related party.

And the income statement isn’t any prettier.

It shows the company has failed to generate any revenue since its inception in 2007. What’s more, it reveals that the business has racked up net losses of over $3.7 million during that same time.

After seeing In Media’s shaky financials, I figured the stock price must be factoring in sales of the new products that have occurred since the quarterly report was filed. But a quick perusal of the company’s website showed no means of purchasing any product or service.

 

DailyTradeAlert.com
RNBI June 24, 2014: As the Rainbow International (RNBI) Pump & Dump completes its sixth week, it would be fair to say the current breakdown of the share price, inevitable with all sideways campaigns, should have been expected. Relying solely on the gullibility of penny stock novices and the naive, the perpetrators of this fraud have successfully lined their pockets without benefit of a press release or substantive filing from the company. pumpsanddump.com
USTU From its 2013 report: The business has not generated a penny of revenue since its inception in January 2007. It’s racking up recurring net losses. And the company has an accumulated deficit of $2.1 million.

What’s more, there’s a severe liquidity problem.

At the end of November, the company had just $31,307 in cash and total current assets of $103,758. However, total current liabilities are nearly seven times larger at $706,443.

 

DailyTradeAlert.com
QUNI As of 2013: 

Since its inception in March 2005, Quint Media has failed to generate any revenue whatsoever. However, it has managed to rack up over $2.9 million in net losses over that same time.

What’s more, the company needs a substantial cash infusion before it can realize its new digital media dream. According to the most recent quarterly report…

DailyTradeAlert.com
CAVEAT: Do your own research to see if these companies have changed for better or worse, since the above shown 'As Of' date, located at the top right side of this list.

This list is by far very incomplete.

Many other penny stock companies should be on this list. We concentrate on penny stocks trading at 3 cents and below at PennyStockers.com