It’s so obvious even a blind person can see it and a deaf man can hear it.
The Onteco Corp. chants are overwhelming investment forums, chat rooms, and twitter accounts near you. And we’re here to explain how the “gonna rock”‘s, the “going to da moon”‘s, and the “don’t say we didn’t warn ya”‘s can make you some money.
Onteco Corporation trades under ticker ‘ONTC‘.
We traced the last two promotions that helped ONTC traders make money and mapped it on the chart, below.
Notice that this time around, the budget for ONTC ‘awareness’ is more than that of the previous two rounds, COMBINED.
ONTC has 185M shares outstanding, of which 67.5M shares were used to acquire NexPhase Lighting in February of this year. But what puzzles our analysts is the increase in authorized shares from 350M to 750M at the onset of this acquisition (see source on Nevada SOS) .
One theory is that ONTC will be selling a large amount of stock to raise money owed to creditors. The promotion is intended to push up the trading volume and price of their stock to offset the selling.
So will this hurt your chances? PSH says it depends.
ONTC needs to contain the selling early on to feed momentum on Monday. If we see news from ONTC before the market opens, the company would be wise to let the stock run into the afternoon. If that’s what happens, that stretch from 9:30AM to mid-day is where you’ll find the opportunity to make money.
If things go sour early on…we needn’t tell you to stay away. But we’ll let time tell how round three goes for ONTC.
About Onteco (ONTC):
19495 Biscayne Blvd Suite #411
Tel. +1 305 932 9795
Fax. +1 305 932 9033
Onteco Corporation is focused on the investment in, and the development of, proprietary technologies that target alternative energy marketplaces domestically and globally.
Its current investment focus is within the Energy Saving Lighting Industry. As a result it acquired NexPhase Lighting, Inc., in February 2011.
NexPhase Lighting, Inc. is a designer and developer of proprietary high quality LED (light-emitting diode) lighting fixtures and control systems for commercial applications. It believes its products will be the lowest cost, highest efficacy fixtures available in the LED Lighting Industry. All NexPhase lighting products incorporate its proprietary “NexSense Technology TM”, which provides benefits well beyond the generally acknowledged advantages of all other LED lighting fixtures. NexSense control systems use a unique, “patent pending’ wireless protocol, which provides for an unsurpassed reduction in architecture and infrastructure installation cost in commercial applications, as well as significantly reduced maintenance and ongoing operation costs.