Friday, March 04, 2016 8:22:36 PM
NuGene International: Why This Promoted $122 Million Company Could Drop 70%+
Aug. 5, 2015 7:09 AM ET| About: NuGene International, Inc. (NUGN)
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Summary
Hard mailer being sent to people’s homes.
There is 11,144,640 free trading shares that could be dumped into this promotion.
Hard Mailer stock promotions tend to collapse 90%+ when they finally dump.
NuGene International (OTC::NUGN) is a name that I believe is currently the target of a penny stock promotion scheme. It is my view that the stock's intrinsic value is somewhere near $0, and it is with conviction that I recommend that any investors currently in the name sell the entirety of their stakes immediately. I also believe that NuGene International is a stock definitely worth shorting. My track record of identifying and publicly exposing such highly overvalued equities is excellent (please check my past articles).
Little Revenue. Debts. No Business. Bright Future?
As is usually the case with these types of hyped-up scams, it takes only one quick glance at the balance sheet to realize that the $122M market capitalization that this equity commands is beyond ludicrous. With only $1,338,957 in current assets and $304,890 in current liabilities. It's my suspicion that the purpose of this company is not to succeed, but to sell stock. The recent volume is due to overly bullish promotional mailers.
(more on following post)
Recent NUGN News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/16/2024 10:07:02 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/06/2024 08:48:48 PM
- Form S-1 - General form for registration of securities under the Securities Act of 1933 • Edgar (US Regulatory) • 02/16/2024 09:26:41 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/16/2024 04:33:34 PM
- Form 3/A - Initial statement of beneficial ownership of securities: [Amend] • Edgar (US Regulatory) • 12/21/2023 07:14:40 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/04/2023 01:26:23 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/14/2023 04:26:56 PM
- Shares Rip As Firm Receives Form 10 Approval • AllPennyStocks.com • 11/02/2023 05:00:00 AM
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