MobileStockPicks.com Active Watchlist: Independence Energy Corp. (OTCBB: IDNG), South American Gold Corp. (OTCBB: SAGD), Rege...
June 13 2012 - 8:20PM
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Mobile Stock Picks specializes in identifying companies with
ground breaking news or stocks ripe for a technical breakout before
anyone else, and today announces four stocks that have shined while
the general market has stumbled:
- Independence Energy Corp. (OTCBB: IDNG)
- South American Gold Corp. (OTCBB: SAGD)
- Regenicin Inc. (OTCBB: RGIN)
- Internet America Inc. (OTCBB: GEEK)
Breaking News Alert: Independence Energy
Corp. (OTCBB: IDNG) Receives Confirmation of Rig Booking for
Taylor-MEI #113 Well in Coleman County, Texas. The Independence
Energy (OTCBB: IDNG) project operator has also reported that they
currently anticipate the arrival of the rig on Friday, June 15,
2012, weather permitting. Independence Energy (OTCBB: IDNG) expects
that completion work will begin immediately following rig setup and
testing.
The Taylor-MEI #113 is part of a two well re-completion program
targeting potential oil bearing formations shown to be productive
in the area. The two wells, the Taylor-MEI #113 and the Taylor-MEI
#115, were originally drilled to, and completed in, the Ellenburger
formation (4,400 feet) and are currently in the re-completion stage
to the Gardner Sandstone formation (3,700 feet). The Taylor-MEI
#113 is projected to take approximately 10 days to complete.
Historic production data shows that each of these historic wells
produced in excess of 20,000 barrels of oil from the Gardner
Sandstone using the drilling and completion techniques of the time.
The historic wells were also capable of producing a significant,
but unaccounted for, amount of natural gas.
Technical Alert: South American Gold Corp.
(OTCBB: SAGD) traded 4,468,613 shares on June 13, 2012. This volume
is 1,427,572 times greater than the 3 month average daily volume
for South American Gold (OTCBB: SAGD). Yes, you read that
correctly, over 1.4 million times greater.
South American Gold (OTCBB: SAGD) also closed -61% on the same
day. This erratic trading certainly deserves a closer look and will
be on my watchlist for a major bounce very soon. A volume increase
of that magnitude mustn't go unnoticed.
Breaking News Alert: Regenicin Inc.
(OTCBB: RGIN) Soars on Press Release of FDA Approval for Skin
Graft; then, Retraces as Company Reports Misrepresentation of
Release. Regenicin Inc. (OTCBB: RGIN) has had a crazy ride over the
last two days gaining over 70% on Tuesday and losing 26% on
Wednesday, June 13, 2012 on large increases in volume.
Regenicin (OTCBB: RGIN) exploded after a misrepresented report
stating FDA approval for their skin graft to go into immediate
commercialization hit the wire. That report was since amended as
the Company announced this clarification:
"...While the Company believes it was accurate in representing
the FDA's action, the press release has been misinterpreted by some
to suggest that PermaDerm is approved as a skin graft for immediate
use on burn patients. As stated in the Company's earlier press
release, the FDA's action was the designation of PermaDerm as an
Orphan product. Such a designation has certain benefits to the
recipient, but, just to be clear, these do not include the
immediate commercialization of the product. The Company will still
need to work with the FDA for the development of the product, now
with the advantages of the Orphan designation..."
Even though Regenicin (OTCBB: RGIN) did not receive approval for
immediate commercialization, this is still a major step for the
Company. Regenicin's (OTCBB: RGIN) future seems bright as they will
be working with the FDA to gain final approval to move towards
commercialization of their skin graft for burn victims. Keep a
watchful eye on the Regenicin (OTCBB: RGIN) news feed.
Technical Alert: Internet America Inc.
(OTCBB: GEEK) traded 2,092,736 shares on Wednesday, June 13, 2012.
This is 26,290 times greater than the 3 month average daily volume.
Like South American Gold (OTCBB: SAGD), the volume increase in
Internet America (OTCBB: GEEK) deserves a further look.
Volume increases like these can be an early warning sign that an
explosive and momentum building move is near. Keep Internet America
(OTCBB: GEEK) on your radar along with South American Gold (OTCBB:
SAGD).
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Keep a close eye on these companies and text the word
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OTCBB:IDNG OTCBB:SAGD OTCBB:RGIN OTCBB:GEEK
Regenicin (CE) (USOTC:RGIN)
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