Percentage droppers:
ProSep Inc. (
TSX:T.PRP,
Stock Forum), a pollution and treatment control company, will have plenty of stink around them now that the TSX will be delisting the company due to ‘failure to meet continued listing requirements’. Shares in the $1.58m market cap firm dropped 46.43% to $0.075 on the news, which, remarkably, isn’t their 52-week low.
Bullboard buzz: “Anyone knows if they’ll join the Venture?”
Lone Pine Resources (
TSX:T.LPR,
Stock Forum), an oil and gas exploration firm, heard that the TSX will review whether it should be delisted as the organization
furiously bails water. The company
may seek creditor protection as it continues moves aimed at fixing its balance sheet. Shares down 23% to $0.05.
Bullboard buzz: “not trying to rub salt in wounds but curious for my own research...how many bag holders are still hanging onto this stock? ..my condolences to those who have lost their life savings..”
Touchstone Gold Ltd. (
TSX:T.TCH,
Stock Forum), an exploration company digging through Colombia, has a stock quote graph that looks like a ski jump for juniors: Long slide downward, little bump at the bottom, then another hill down. Share price dropped 16.67% to $0.025. Perhaps the $15,054,747 loss over the most recently published quarter, compared to a $2,184,769 a year earlier, has something to do with it. Or perhaps the following sentence does:
Bullboard buzz: None.
Habanero Resources (
TSX:V.HAO,
Stock Forum), an exploration play in Canada, dropped 33.33% to $0.01 after a 50% jump last week when they announced they were finally into drilling something silvery. On 3m volume, you’re only talking $30k sold, which means if someone REALLY went on a selling spree, the stock might be in negatives.
Bullboard buzz: “THIS IS THE STORY - SHARES CONSOLIDATION IS COMING SOON, SOME ONE KNOWS ABOUT IT AND DUMPING.”
Lions Gate Energy (
TSX:V.LG,
Stock Forum), an exploration company, lost 33.33% of its value when a shareholder sneezed, sinking to $0.02 per share. Speculation as to what this company is doing with itself is not exactly rife, but it has to be speculation because the company hasn’t put out a press release since the Mesozoic Era.
Overly optimistic bullboard buzz: “Seems like this will be moving soon, watch it”
52-Week Lows:
A big round of applause for these companies, setting a downward record that keeps the investors of the companies above dreaming of unicorns and bounce-backs.
Mart Resources (
TSX:V.MMT,
Stock Forum) : The company isn’t dripping in bad news, but recently paid a dividend, and the nervous investors apparently took that as an opportunity to jump, leading to a 52-week low of $1.29, down from $2.20. Mind you, this was a penny stock in 2009, so low is relative.
“This is not looking Good. They are just hammering the asks,” says the Bullboard.
Asbestos Corporation (
TSX:V.AB.H,
Stock Forum): The TSX business description of this firm is “Asbestos Corp business activities are maintenance of mining assets and management of various litigation cases.” Why is the stock down? Oh, I don’t know, MANAGEMENT OF VARIOUS LITIGATION CASES? I mean, it has ‘asbestos’ right there in the title. Would you buy shares in “Sarin Gas Investments?” 52-week low of $0.20. Market cap is down to 567k.
Bullboard flashback! “If Harper gets the votes, we could see some major positive action in this stock!” – April, 2011.
Pivot Technologies (
TSX:V.PTG,
Stock Forum): Hitting a 52-week low and struggling to get their story out, Pivot CFO Kerri Brass explains, "Year-over-year, the revenue comparison continues to be affected by a large one time project for one of ACS's largest customers, which was ongoing during the second quarter of 2012. This volatility in revenue has impacted results at ACS these past two quarters, and we recorded a non-cash goodwill impairment charge in order to better reflect ACS's carrying value on our balance sheet." In other words, we’re not sexy right now but money is being made. Founded by John Sculley, the former CEO of Apple.
Bullboard buzz: “Lot of positive energy around this company as of late, they seem to be very focused on the path they wanna take and the future looks great!. Guess its time to get in before I regret it later.”