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Momentum & Growth

4 OTC Stocks on the Move: NWBO FERN HDUP MONI

The OTC is starting to heat up, even though the bearish pressure hasn’t gone away. We’ve been here before and will be here again no matter what happens. Markets go in cycles and OTC stocks aren’t immune. Matter of fact, the OTC probably sees more bull and bear markets in a year than any other market.

OTC investors are failing to realize that there are still plenty of opportunities on the OTC Markets. Continuing to buy the dips in losers is not a winning strategy. We tell our subscribers to focus on what’s working and ignore the noise. Don’t get caught up in the diamond hands/paper hands BS. We talk about all of this in the video below.

When markets come out of bear markets, we get powerful bull moves. We are on the verge of seeing many 10x moves and opportunities.

In this article, we look at 4 OTC stocks on the rise, including Northwest Biotherapeutics, Inc (OTCQB: NWBO), Fernhill Corporation (OTCPK: FERN), HeadsUp Entertainment International Inc (OTCPK: HDUP), and Moon Equity Holdings Corp (OTCPK: MONI).

OTC stocks #1 NWBO

OTC stocks #2 FERN

OTC stocks #3 HDUP

OTC stocks #4 MONI

OTC STOCKS #1 NWBO

Last month, we reiterated our bullish stance on Northwest Biotherapeutics, Inc, which was trading just below the $1 mark at the time. We said that its lead product, DCVax-L, was in Phase III clinical trial to treat Glioblastoma multiforme brain cancer and that the results should have been released in a few weeks. On Wednesday, the company announced that it would reveal something substantial about the trial, and investors are very optimistic. The share price has almost doubled in the last five trading sessions, which is massive for a billion-dollar company. Now the OTCQB member is trading near $1.90 and the market cap is getting closer to the $2 billion mark.

The biotech firm has some strong fundamentals, and we have covered it on several occasions. We first reported on Northwest Biotherapeutics in September 2020, when it was trading near 70 cents before surging to the highest level in years at over $2.

NWBO develops personalized immune therapies for cancer in the US and internationally. The company develops its products based on DCVax, a platform technology that uses activated dendritic cells to mobilize a patient’s own immune system to attack cancer. Besides, DCVax-L, which has been in Phase III clinical trial, it also develops DCVax-Direct, which is in Phase I/II clinical trials to treat inoperable solid tumors.

On Wednesday, the company announced that a presentation entitled “Autologous Tumor Lysate-Loaded Dendritic Cell Vaccination for Glioblastoma” will be made on May 10 by Dr. Linda Liau at the Frontiers of Cancer Immunotherapy Conference of the New York Academy of Sciences. The presentation, which you can watch next week here, will refer to NWBO’s Phase III trial and there is definitely something worthy of consideration. Otherwise, NWBO wouldn’t be present at the conference, which is sponsored by Merck, Pfizer, and Genentech, among others.

The results of Phase 3 will indeed make all the difference, and $2 might be only the start. This is a great stock to own in the long term.

OTC STOCKS #2 FERN

Fernhill Corporation has had a great week, gaining almost 30% since last Friday. Nevertheless, the Pink Current stock still cannot confirm the formation of a bullish trend. Earlier this month, it tested the support near $0.009 again, pulling back to trade at $0.013 after breaking above $0.016 for the first time in three weeks.

Last year, when we reported on FERN, the crypto play was trading at the same level, but it eventually broke above the six-penny mark in September, enabling our subscribers and readers to secure generous returns.

Fernhill Corp is now promoting itself as a Web3 holding company focused on developing and acquiring companies in cryptocurrency mining, crypto trading, non-fungible tokens (NFTs), decentralized finance (DeFi), and the Metaverse, which together form the foundation of the tokenized economy.

On Tuesday, FERN announced that it had received notification from NASDAQ’s symbol reservation department saying that the stock exchange had approved the reservation of the ticker FERN until May 2024. This is an important milestone for the company, as it plans to uplist later this year, although there is a long way to go. This is great news for investors, as NASDAQ requires a minimum bid price of $2.

FERN CEO Chris Kern said:

“Getting a symbol reserved for trading on a senior exchange is a very big milestone for Fernhill. The fact that we were able to secure our symbol so quickly for Nasdaq is another great step towards our uplisting objective for this year. We will continue to work towards meeting the listing standards for corporate governance and other requirements knowing that we now have our symbol reservation approved.”

The $33 million company operates PerfectMine, which helps optimize and automate rigs for higher returns for the top tokens that can be mined with GPUs and CPUs, and MainBloq, which acts as a crypto trading platform that offers global liquidity and instant execution across multiple crypto exchanges. MainBloq is connected to 33 exchanges and OTC desks using FIX, Web Sockets and REST APIs to and from venues. FERN is currently working to develop a non-fungible token (NFT) minting solution as well as a decentralized finance (DeFi) platform. Last month, FERN said that it had big plans for 2022, including:

  • Complete the audits of Fernhill and MainBloq to become fully reporting with the SEC;
  • MainBloq to sign several new financial institution clients;
  • Expand the development team;
  • MainBloq to release new platform capabilities and updates;
  • Launch of NFT marketplace of highly curated collections from vetted influencers and creators;
  • Enter the DeFi Space with Staking, Liquidity Pools and Gaming;
  • Launch PerfectMine 3.0 to include Staking and ASIC mining;
  • Launch multi-channel marketing campaigns for MainBloq and PerfectMine;
  • Complete a highly strategic acquisition;
  • Uplist to senior stock exchange;

Considering FERN’s big plans for this year, this is a great price to get exposure to this crypto play. It has an ideal share structure and is ready for big moves.

OTC STOCKS #3 HDUP

HeadsUp Entertainment International Inc is another Pink Current stock planning to uplist to a senior exchange. The stock has surged by over 130% since last Friday to trade at $0.15. On Wednesday, HDUP broke above $0.16 for the first time since February last year. The stock was trading below five pennies at the beginning of the year.

We reported on HDUP in mid-January while it was rallying.

The $37 million company is a global gaming operator and media company focusing on online gaming, online poker, eSports, sports betting, online lottery, mobile 50/50, charity fundraising platforms and blockchain based payment solutions.

The company is preparing some major transformations that would bring value to shareholders. On Tuesday, it said that it was getting ready for a series of acquisitions, mergers and partnerships, all part of a reverse triangle merger proposal to close multiple transactions and execute the plans as discussed on our previous post.

HDUP is in various stages of negotiations and closings of 8 independent transactions for the consolidation and merger into a surviving entity branded as HeadsUp Global Inc. which is set to apply for listing on NASDAQ based on asset values and revenues meeting exchange listing requirements.

The planned series of mergers and acquisitions that have been implemented by the management team is designed to minimize dilution and maximize shareholder value as multiple closings take place. Disclosure and updates on all transactions will now begin to take place and a clear picture of the scope of the new business model will be clear and substantial.

HDUP’s Chief Business Development Officer, Mark Hutchinson, said:

“We are building the gaming, lottery and digital company of the future. The network of relationships, opportunities and emerging markets are greater than anything I have seen in the business, and I am proud to bring such value to this organization.”

The next few weeks will be quite exciting for investors, and we’re confident that the stock is ready to break above $0.20 and thus update the all-time high. This can easily hit the $1 mark soon.

OTC STOCKS #4 MONI

Moon Equity Holdings Corp is a Pink Current stock that is trying to recover from a multi-month bearish trend that started in July last year at over $0.13. Today, the stock is trading close to two pennies, up 125% during the last five trading days alone.

The $11 million is focused on acquiring companies in fintech. MONI recently acquired the BitGift platform which is focused on crypto, NFTs, blockchain, and DeFi.

Last week, MONI released a corporate update. The company said that it had hired a new Transfer Agent. In mid-April, MONI canceled 2.12 billion of its common shares and subsequently canceled an additional 220 million common shares. The company then reduced its authorized shares down from 1 billion to 750 million. The latest moves led to a great share structure, as the AS are almost maxed out.

The company said that its Peruvian Mining deals with Royal Sovereign Costino and Minera Radiante SAC were canceled. This was mainly due to unsatisfactory Legal and Compliance requirements identified in its final review. The PCAOB Auditors were unable to validate the properties located in Peru according to SEC requirements. The MONI business strategy was updated earlier this year to focus on fintech and crypto.

The company is now focusing on its new subsidiary BitGift, which recently contracted a major company serving over 100,000 merchants globally with over 1 million wallet users. The contracted partner is active worldwide in 190 countries and completed over $10 Billion in crypto payments since 2013. Further details will be made available after the launch of BitGift.

MONI seems to be a decent investment opportunity, but it all depends on whether BitGift is a genuine product that can maintain its competitiveness after the launch. We still don’t know much about it. Thus, more details about MONI will be available next month when BitGift is scheduled to go live.

THE FINAL NOTE

All of the 4 OTC stocks discussed today are good stocks to own. The upside is much greater than the downside at these levels.

It’s also very important to eye OTC stocks that 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 Stocks on the Move: NWBO FERN HDUP MONI
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