Momentum & Growth

4 OTC Stock to Watch: AXTG ICOA AAPT BONZ

The US stock market extended losses before the Federal Reserve’s Federal Open Market Committee (FOMC) meeting scheduled for Wednesday. The tech-oriented Nasdaq fell over 3% on Monday alone, while the OTCQX Composite index, which tracks over 400 OTC stocks, plunged to the lowest level since April at less than 1,560 points.

Investors are worried about the pace of economic growth and a possible spillover from China Evergrande’s troubles, as the real estate giant has to pay tens of millions on its bonds.

Jake Dollarhide, CEO of Longbow Asset Management, told Reuters at the beginning of the week:

“Today, the market is down because of the Chinese real estate contagion threat, despite a lot of good headlines recently on COVID. We’re due for a correction. It’s like the market is addicted to buying the dip. Every time it goes down 5% or 6%, all this liquidity jumps in to prop us back up.”

Most OTC stocks are defying the general market with blockchain companies among the best performers. In general, investing in OTC stocks has proven to be more profitable as small-cap firms have more room for growth compared to blue chips.

OTC STOCKS THE PLACE TO BE

There are many good OTC stocks that can boost your portfolio’s value in the long term. For investors, we preach the key to trading penny stocks is finding momentum BEFORE it happens and ahead of the crowd.

We alert our subscribers with our best ideas before our regular readers. This is the value of having a subscription to Insider Financial, which you can sign up for here.

If you watch the Insider Financial YouTube channel, you can get a sense of the ideal time to book profits. We warned our subscribers not to get greedy or get caught up in the diamond hands/paper hands BS.

We also recommend you own a portfolio of penny stocks. For some, that can be as many as 10 to 20 or more OTC stocks. This provides diversification and allows one to manage the market’s moods much easier. It also helps to own shares in the following 4 hot OTC stocks.

In this article, we look at 4 OTC stock that will greatly reward patient investors. They are Axis Technologies Group, Inc (OTCPK: AXTG), ICOA, Inc (OTCPK: ICOA), All American Pet Company, Inc (OTCPK: AAPT), and Bonanza Goldfields Corp (OTCPK: BONZ).

OTC stock #1 AXTG Daily Chart

OTC stock #1 AXTG

OTC stock #2 ICOA Daily Chart

OTC stock #2 ICOA

OTC stock #3 AAPT Daily Chart

OTC stock #3 AAPT

OTC stock #4 BONZ Daily Chart

OTC stock #4 BONZ

OTC STOCK #1 AXTG

Axis Technologies Group, Inc has been one of the best performing OTC stocks this month, gaining over 450% since the beginning of September. We got our subscribers in on AXTG back in July. Now you can buy the penny stock for $0.11 per share, but there is still much room for growth. The price of AXTG has quadrupled since last Thursday on record volumes, suggesting that bulls are more confident than ever.

AXTG is now a holding company that promotes decentralized finance (DeFi) business and is working to make these innovations come true. AXTG supports and develops companies focusing on blockchain and DeFi. Its goal for now is to make strategic investments and acquire companies that have unseen potential to scale and add value.

As we previously reported, AXTG had passed through a major overhaul to adopt the new business direction. AXTG managed to obtain the Pink Current status at the beginning of the summer, but it still goes with the Shell Risk badge on OTC Markets, since it has just adopted the new direction and hasn’t reported on its novel operations.

Blockchain is one of the leading technologies of the fourth industrial revolution, while DeFi turns out to be the most important use case, as it pledges to transform financial services from the core. Bank of America (BoA) and ING have independently concluded that DeFi was more disruptive potential than Bitcoin itself.

AXTG understands the potential of blockchain and plans to focus on DeFi-oriented businesses. The company has appointed a new management team earlier this year to reflect the new business direction.

On July 27, Axis announced that it had acquired TienChat Pte Ltd and T8 Exchange Pty Ltd, making the two companies wholly-owned subsidiaries.

TiENCHAT is a Singapore company that has designed, developed, and built a global social software program that relies on blockchain to create borderless global access in ‘multilingual social networking + cross-border payment + digital currency transactions’. The company was founded by William Tien.

As for T8 Exchange, it is run by an Australian company that owns the T8EX and Trams Dex application, a decentralized exchange platform that enables existing TiENCHAT users to trade, swap, and use cryptocurrencies as payment inside the application. Besides this, T8 Exchange developed ETHFUND, a decentralized NFT minting, swap, listing, and exchange platform that enable existing TiENCHAT users to trade, swap, and utilize NFTs (non-fungible tokens) as a form of payment inside the platform.

At the end of August, AXTG announced that TiENCHAT would engage in cryptocurrency mining, focusing on Ethereum. While the second-largest cryptocurrency by market cap is upgrading to a Proof of Stake (PoS) algorithm that doesn’t support mining at all, Ethereum miners can still operate for at least 12 months from now. The first order of 50 ETH enterprise miners is intended to start mining in Q4 2021 in Singapore with each miner expected to generate on average approximately 1.5 ETH per miner each month. The company is seeking to increase the number of ETH enterprise miners under management to more than 1,000 ETH miners by the middle of 2022 with operations both in Singapore and the US.

To be honest, we find AXTG’s mining plans quite weird, to say the least, since Ethereum is undergoing the second phase known as The Merge, in which the network will officially switch to the Beacon Chain (PoS) as its consensus mechanism. The upgrade is expected to take place in December of this year, which will make mining obsolete.

Other than that, we believe AXTG is moving in the right direction, as it focuses on DeFi and NFTs. Last Friday, AXTG said that it had obtained the exclusive rights to create, market, and sell the first of its planned line of premium-experience, high-value NFTs through the Company’s ETHFUND platform and consisting of a coveted rare and historic baseball bearing the autographs of iconic Major League Baseball legends, Babe Ruth and Roger Maris.

OTC STOCK #2 ICOA

ICOA, Inc has been surging lately as the company is working on updating the Pink Limited Information status and becoming Pink Current. The OTC stock has surged by almost 200% during the last five days and has exploded by over 500% since last month. Now you can buy ICOA for $0.018.

ICOA used to be a national provider of wireless and wired broadband Internet network support for broadband access installations in high-traffic locations across the US including, quick-service restaurants, hotels, and motels, travel plazas, marinas, etc. While it’s not clear whether the existing business is operational, the company announced at the end of last month that it would undergo a reorganization in order to facilitate a new direction and the implementation of a new business plan to create new value for shareholders. More details will be shared with investors as developments take place, but what we know so far is that the new direction will focus on… guess what – it’s blockchain, DeFi, and crypto space.

The latest price surge has to do with ICOA’s new blockchain plans, the upcoming Pink Current status, and more importantly, the canceling of billions of shares.

The company recently said that it is ready to announce not one but two acquisitions, with the official statements scheduled for later this week.

We’re quite excited about ICOA and expect to extend its rally, especially if the blockchain and DeFi acquisitions are meaningful.

We like that ICOA is active on social media, which is also true for AXTG by the way, and is quite transparent.

So far, it’s moving according to its “Path to Success,” and we anticipate this OTC stock to hit the $1 sooner than later.

OTC STOCK #3 AAPT

All American Pet Company, Inc is another company that is restructuring its business, although it already goes with the Pink Current status, which it received last week. The share price has surged by over 70% since last week and almost 200% since the end of August, peaking on Monday at $0.0328.

The company, which used to develop and market pet wellness products in the US, announced last week that it had appointed David Chong as CFO and director and had adopted a new business direction and strategy. Kareem Mansour maintains its role as CEO and director.

On Monday, AAPT, with a market cap of almost $90 million, said that it had finalized and executed a Letter of Intent to acquire a technology company valued at $200 million. Having completed its due diligence on the acquisition candidate, management is satisfied with its findings and has concluded it is in the best interest of the company and its shareholders to move forward with the acquisition of the candidate. AAPT intends to acquire 100% of the outstanding shares of the acquisition candidate, subject to relevant regulatory approval.

The acquisition candidate is a revenue-producing technology company. Management believes that for the second year, aggressive growth in excess of 400% is very likely to occur. David Chong said:

“A lot of market research and due diligence went into sourcing, analyzing, and finalizing this deal. I have the utmost confidence in the potential of this candidate and the value it will bring to AAPT shareholders and investors.”

We think AAPT is another great OTC to hold in your portfolio as the company has a great share structure. It confirmed no reverse split and no dilution and seems to acquire a great company, which investors identified as Kuora.net, where David Chong is also CFO.

OTC STOCK #4 BONZ

Bonanza Goldfields Corp has had a great month so far, surging to the highest level since the end of February. The share price is up almost 200% during the last five days despite the correction from Monday’s peak at $0.027.

BONZ operates as a mining and mineral exploration company. It primarily focused on gold, silver, lead, and zinc. The company’s flagship property is the Montezuma Stonewall, which comprises patented mining claims of 60 acres located to the south of Goldfield, Nevada.

Even though has operated as a mineral exploration business, BONZ couldn’t stay aloof from the blockchain trend, so this is another NFT play that you can add to your portfolio with a long-term target.

Recently, BONZ announced its plan to acquire Marvion, a metaverse blockchain company sourcing quality digital assets, acquiring the underlying intellectual properties (and/or licensing rights) and minting the assets into Hybrid NFTs. Marvion seeks to contribute to the blockchain ecosystem by finding quality projects and protecting the legal ownership rights of buyers and sellers via their Hybrid NFTs. At the moment, Marvion is neither a marketplace nor a fund. Akin to luxury brands that work with different designers and craftsmen to bring masterpieces to market, Marvion aspires to do the same for the NFT market.

In fact, BONZ is a genuine blockchain play, as the company will be renamed to Marvion Inc.

The range of digital assets that Marvion offers within the h-NFTs is vast, as it includes movie clips, music soundtracks, digital print media and a full range of related real world experiences from live events to meet and greet opportunities with the media and entertainment stars.

BONZ is a great NFT play that will benefit from the general bullishness around NFTs. We’ll continue to keep you updated on the company’s further developments.

THE FINAL NOTE

All of the 4 hot OTC stocks discussed today are on the rise and are good stocks to hold. Nevertheless, our best advice is to be patient and enter the market during corrections. Buying dips and selling rips as swing trades remains the best strategy in the penny stock market. Still, whenever a penny stock is in the middle of a bull run, we recommend our subscribers to book profits.

It’s very important to eye the best OTC stocks that have room for growth and have yet to make their explosive move. There are plenty of opportunities, and we take our time to monitor hundreds of penny stocks to buy each week, trying to find the best alerts for our subscribers.

Remember, all you need is one or two penny stocks to succeed in order to crush the market averages.

As always, good luck to all (except the shorts)!

WHEN INSIDER FINANCIAL HAS A STOCK ALERT, IT CAN PAY TO LISTEN. AFTER ALL, OUR FREE NEWSLETTER HAS FOUND MANY TRIPLE-DIGIT WINNERS FOR OUR SUBSCRIBERS. WE SPECIALIZE IN FINDING MOMENTUM BEFORE IT HAPPENS!

Disclosure: We have no position in any of the securities mentioned. We wrote this article ourselves and it expresses our own opinions. We are not receiving compensation for it. We have no business relationship with any company whose stock is mentioned in this article. Insider Financial is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This article is not a solicitation or recommendation to buy, sell, or hold securities. This article is meant for informational and educational purposes only and does not provide investment advice.

4 OTC Stock to Watch: AXTG ICOA AAPT BONZ
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