5 OTCBB Issues Above $1 Worth a Look
    August 4, 2011  PSW Staff
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MegaQuotes
    When searching through the never ending pile of unlisted stocks, many traders focus
    only on those issues trading under a dollar, or even under a quarter or less.  This is a
    function of the shear percentage of OTCBB and Pink Sheet stocks that trade below $1
    compared to other price ranges, as well as the very reason traders are drawn to over
    the counter stocks in the first place.  Nevertheless, there are plenty of OTCBB and
    Pink Sheet stocks trading above a dollar that are worth a look, especially when we
    consider the increase in quality in relation to the still high volatility and exponential
    percentage opportunities.  We have to be just as careful when screening these
    equities as we are with the lower priced ones as plenty of scams will still be present.

    Your major screening priority should be to watch out for stocks that have recently
    undergone a reverse split forcing an inorganic rise into the one digit range. This type
    of situation will be more prevalent on the Pink Sheets as compared to the OTCBB,
    and the outcome is almost always a quick decent back down into the penny or sub-
    penny spectrum.  Also keep in mind that legitimate unlisted stocks above a dollar will
    generally see lighter trading activity, but are also less likely to be in the midst of a and
    have interesting business models.  These stocks should still be treated with the
    same amount of skepticism as their sub-dollar counterparts, but may offer a bit more
    peace of mind and some more solid growth potential.

    ETAK (Elephant Talk Communications Inc.)

    Elephant Talk Communications, Inc. provides business software and services to
    telecommunications and financial services industries in the Netherlands and
    internationally.  The company's recent acquisition of ValidSoft gives them a unique
    position in the relatively infantile mobile payments security arena.  Mobile payments
    are expected to rise from $240 billion to $670 billion in 2015, and so far, the level of
    security is no where near what it is for traditional online payments.  The company
    recently announced that it has come to an agreement with Zain Saudi Arabia to deliver
    and manage mobile services for mobile brands in the Kingdom of Saudi Arabia.  
    Revenues have been on the decline for ETAK recently, but gross profit has been on
    the rise, and net loss has been shrinking dramatically.  The company's financials do
    not currently include the ValidSoft numbers.  ETAK has over $4.3 million in cash and
    less than a half million dollars in debt.  Shareholder equity is positive and has been
    growing over the last three quarters, and the company expects to be cash-flow
    positive by the end of the year.

    TTNP (Titan Pharmaceuticals Inc.)

    Titan Pharmaceuticals, Inc. develops therapeutics primarily for the treatment of central
    nervous system disorders.  Titans potential blockbuster drug Probuphine, which is for
    the treatment of Opioid addiction, has experienced positive Phase III clinical trial
    results.  The company resolved issues with the FDA regarding confirmation that
    subjects were indeed opiate users and were not just saying that they were.  This
    resolution allowed the FDA to allow the study to proceed, and not cause a stock
    plummeting delay that was previously feared.  Titan has given up substantial future
    royalties on the drug in order raise cash, but still looks to gain some significant
    revenues if it makes it to market.  The financing has so far been relatively non-dilutive,
    and TTNP currently sits with around 60 million shares outstanding.  Given the
    companies current position, speculation of being a take over target may continue to
    grow, along with the stock price.

    LFVN (Lifevantage Corporation)

    LifeVantage Corporation operates as science-based nutraceutical company that
    engages in helping people reach their health and wellness goals.  The company has
    recently vamped up selling and marketing initiatives for its suite of products.  
    Revenues have been climbing dramatically, from $4 million in 2009, to $11 million in
    2010.  So far in 2011, revenues were close to $10 million in the first quarter alone,
    and the company is giving guidance of close to $40 million for all of 2011.  
    LifeVantage is a growing its cash coffers which now total over $4 million, and they
    have been shrinking their long term debt, now at $9 million.  LFVN has about 80
    million shares outstanding.  The company has barely been cash flow positive for
    several years, but during the most recent quarter, they generated  over $1 million.

    IMUC (ImmunoCellular Therapeutics, Ltd.)

    ImmunoCellular Therapeutics, Ltd. focuses on developing and commercializing
    therapeutics to fight cancer using the immune system.  IMUC is very small with only
    28 million shares outstanding, and an enterprise value of just $47 million.  The
    company’s main product, ICT-107, is a vaccine to treat a very aggressive brain cancer
    that currently has limited treatment options.  Results from a Phase I study were
    somewhat promising, as it more than doubled the survival times of patients
    compared to the current standard of care.  The company recently launched  Phase II
    trials.  IMUC is a development stage company, and currently has about $11 million in
    cash and no debt.

    OBJE (Obscene Jeans Corp.)

    Obscene Jeans Corporation designs, develops, manufactures, markets, wholesales,
    distributes, and sells a woman’s line of Obscene Brand jeans.  The company is
    focused on being a leader with respect to the latest Milan, Paris and New York runway
    fashions.  OBJE has a tiny amount of shares outstanding, 13 million, and an even
    tinier float of just 4 million shares.  The company is still in development stage and
    does not have any revenues to report yet.  The company has a tiny balance sheet as
    well, with just $84,000 in assets and just $333,000 in liabilities.  The jeans look to
    gain attention when they debut this month in Las Vegas at WWDMAGIC, a premier
    fashion showcase.  The jeans have also been featured in  several publications, one
    touting them as “the future of denim”.  Also, Obscene Jeans recently announced
    plans to acquire activewear clothing company We Are Yoga.


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