Sunstock Inc (SSOK)

[Xance]

I really like this company, and it’s one of my top holdings. There are several reasons I like this company and I’ll go over them below.

Firstly, I like that they have eliminated 3rd party debt. That’s a big deal, and really can hinder a company as those carry high interest rates and can cause sudden dilution. No one wants that. Link to that PR below.

https://www.globenewswire.com/news-release/2020/12/23/2150231/0/en/Sunstock-Inc-Announces-Full-Redemption-of-Convertible-Stock-Elimination-of-Third-Party-Debt.html

Second, they are an asset-heavy pink sheet. How many of those do you find? They released a PR about their purchases and judging by their SEC filings I believe it. Their debt has significantly decreased and shareholder equity increased. Link to their most recent SEC 10-Q below.


https://sec.report/Document/0001493152-20-022331/#form10-q.htm

Thirdly, they deal in precious metals. Primarily gold but they also have been buying 10k+ Troy oz of silver as well. This is excellent news, especially since they have bought over $300k worth of gold and silver in only a few months, mostly after they reduced debt. Link to their PR for their combined precious metals purchase below.


https://www.globenewswire.com/news-release/2020/12/30/2151866/0/en/Sunstock-Inc-Purchases-1000-Ounces-of-Silver.html

Fourth, there is a lot of political unrest in the US due to a certain someone stirring the pot and being a nuisance. This is causing hard assets/speculative assets like BTC, ETH, gold, and silver to all increase. Especially the crypto assets, however this company’s inventory of gold and silver now can be sold for a greater price which adds to profitability, also a rarity among penny stocks.

According to the filing linked above, revenues have been increasing year over year and costs have been going down year over year with October thru December being the most active. Which is also when I bought my shares.

Anyways this is an easy long hold for me, my conservative target price is $0.05 taking into account their increasing sales and assets. Traditional advice doesn’t encourage to go long on penny stocks, but I’m going to here and I’m confident I’ll see my target price and higher in the next coming months.