Hot Penny Stocks: PSOF, ENER, KUTV
Its been an exciting week for penny stocks, especially for Pansoft (PSOF), Energy Conversion Devices (ENER), and Ku6 Media (KUTV). Lets take a closer look at these three hot penny stocks
Pansoft (PSOF)
Pansoft develops accounting and enterprise resource planning software for the oil and gas industry in China. Their products and services include supply chain management software, database management, business data analysis, statements processing, data storage services, and more.
So whats the big news?
Chairman of the board, Hugh Wang, has offered to purchase all outstanding PSOF shares that arent already owned for $3.76 a share. The transaction will take the company private.
Heres the key prior to the announcement, PSOF shares were trading right around $2.00 so this weeks 55% jump is certainly justified.
In fact, the stocks only trading at $3.25 as of this writing, so it should climb another $0.50 if this transaction goes through.
Theoretically, the company could receive a better offer and cancel the current deal but either way its good for existing shareholders.
Energy Conversion Devices (ENER)
What a week for ENER!
The shares are up an eye-popping 220%!
ENER develops thin-film solar laminates that convert sunlight into renewable energy. Basically, they make lightweight solar panels. Their solar panels can be used on almost any type of roof and can even be integrated into building materials.
So whats the big news?
The company made an interest payment on their debt.
It may not sound like much, but its actually a pretty big deal. You see, ENER had previously deferred a semi-annual interest payment to a later date. For all intents and purposes, they defaulted on their interest payment.
But just last week, ENER made that deferred payment. And with the company appearing to be solvent, investors are coming back in droves.
Ku6 Media (KUTV)
Ku6 is an online video company in China. The companys video portal offers news, reports, entertainment, and a platform for sharing user-generated content. Basically, its the YouTube equivalent for China.
Heres the thing
Ku6 is about to be more than just a YouTube clone theyre going to be offering actual YouTube access on their website. You see, previously there wasnt a reliable way to view YouTube videos in China.
Not only does this open up YouTube video to millions of Chinese viewers, it will also significantly increase the amount of users on Ku6s website. And of course that could lead to significantly more revenue for the company.
No wonder KUTV shares are up. In fact, the shares soared 140% in one day! And theyre up a whopping 192% over the past week.
Yours in profit,
Gordon Lewis
Category: Chinese Penny Stocks, Hot Penny Stocks, Internet Stocks, Technology Stocks
