The OTC bear market continues; however, this too shall pass. We’ve been here before and will be here again. 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.
In this article, we look at 4 OTC stocks that have defied the current bear market environment. The OTC stocks are Icoa Inc (OTCPK: ICOA), Metal Arts Company, Inc (OTCPK: MTRT), NextMart, Inc (OTCPK: NXMR), and VNUE, Inc (OTCPK: VNUE).
OTC STOCKS #1 ICOA
Icoa Inc has been on the rise at the beginning of February, gaining 25% during the last five trading days to trade at $0.006. Larger timeframes reveal that the Pink Current stock is recovering after bottoming out on February 15 at 0.0044, which is a resilient support level that also worked well at the beginning of December.
ICOA is a US broadband internet provider turned into a fintech company. Last year, the company went through a reorganization process to adopt a new direction and business plan. Meanwhile, the company has secured the Pink Current status and canceled billions of shares.
The $40 million company started its new journey by acquiring iBG Finance, which it promotes as the world’s first and only insured DeFi project. The transaction was valued at $185 million. Next, it purchased BGBF, South East Asia’s first insured Bitcoin Fund, in a $240 million deal closed in December.
Last month, ICOA signed a Memorandum of Understanding (MOU) with several artists, including Martha Sáenz, to collaborate on a new non-fungible token (NFT) platform that ICOA is co-developing with industry experts.
The agreement outlined the tokenization and distribution of two Scholas Occurrentes paintings, which were created by His Holiness Pope Francis in partnership with esteemed artists Mr. Brainwash, Domingo Zapata, and Martha Sáenz, as NFTs on blockchain. The project will launch on ICOA’s new NFT platform and will include a partnership with iBG. The iBG token will enable the distribution of the NFTs that will be created.
ICOA is also planning to enter the metaverse space through a partnership and a launchpad, according to its latest roadmap update released last week.
The company has a decent share structure, and it pledged NO dilution.
.$ICOA has updated its share structure today, so that it reflects on #OTCM. As promised, there is *zero dilution*.
— ICOA Inc (@icoa_inc) February 17, 2022
We think ICOA is undervalued as it leverages some of the fastest-growing trends, including Decentralized Finance, NFTs, and the metaverse. The current market cap doesn’t reflect the recent deals worth over $400 million.
— YEG-Trades 🐂🔥 (@yeg_trades) February 18, 2022
OTC STOCKS #2 MTRT
The Metal Arts Company, Inc is another Pink Current company that is focused on blockchain. While it has the shell designation, it actually represents a South Korean blockchain company with huge revenues. The reverse merger with Medium, Inc is about to reach the final stages soon.
The OTC stock has surged by over 450% over the month and 80% during the last five sessions alone. While it’s impressive, for what is now a $660 million company, this pales in comparison to the 5,000% surge from the August-September period. The last time we discussed MTRT back in October, it was trading at around $2, and now you can buy it for $8.05. The stock, which has been trading since the 2000s, updated its all-time high on Friday at over $8.30. While the price might correct in the short-term, momentum is still strong.
As a result of the ongoing reverse merger, the company got the Pink Current status.
In August, MTRT said that as a result of a private sale, control of MTRT passed to Medium, Inc., a company incorporated under the laws of South Korea. A new board of directors of MTRT, consisting of Pan Jong Kim, Kiwoon Biak, and Yunho Chung, was appointed.
Medium is one of the largest blockchain companies in South Korea – the hub of blockchain. It operates a blockchain platform called MDL (Medium Distributed Ledger) based on Hyperledger Fabric and can process 2,000 transactions per second.
Medium has many high-profile partnerships and is part of several consortiums with traditional banks.
The company is also behind KOK Play, whose token is trading near its ATH with a market cap of over $640 million, as per Coinmarketcap data. Medium acquired KOK Play in 2021. KOK CEO, Jiwon Kang, explained that the project KOK PLAY was created to compete against Google, Apple, Netflix, and Youtube in the upcoming years, at least when it comes to the Asian region.
The recent price increase came after Medium released its quarterly report as well as the news that it was making its first steps into the metaverse. Earlier in February, Medium said that it had signed a business agreement with BNK Busan Bank and the Korean branch of Sony Music Publishing to establish a digital banking service within metaverse.
$MTRT Welcome to #Metaverse Banking yes #Metaverse Bank 🏦 This is crazy, Medium has created Koreas first "Metaverse Finance" services such as #deposit #transfers & #Loans on the platform!! #blockchain #IBM #Google #fb https://t.co/dRyawhRmiz pic.twitter.com/Iqbx7P4kaw
— Ars617 (@redcardinal617) February 18, 2022
MTRT is headed to Nasdaq, and its market cap will soon exceed the $1 billion mark. This is a great stock to hold in the long-term, as blockchain and metaverse will thrive in the coming years.
OTC STOCKS #3 NXMR
NextMart, Inc is another Pink Current stock that is making waves. The share price has gained almost 30% during the last five sessions and 145% over the month. More importantly, the price has been ascending gradually for months, suggesting that the bullish mood has solid grounds. On Friday, NXMR hit 15 cents for the first time in over a decade, up 880% since February last year.
The $64 million company is promoting itself as an oil service and crypto business.
In January, NXMR announced through an 8-K that it would acquire all of the assets and book of oilfield business from Defender Contracting, LLC, a Texas limited liability company. Earlier this month, it said it had acquired a controlling interest in Emco Oilfield Services, LLC, a New Mexico limited liability company based in Carlsbad, New Mexico. NXMR plans Emco to be its flagship business.
Emco provides a wide range of oilfield services, including salt water and fresh water hauling, hydrovac services, pressure control and flowback, solids control, drilling cuttings removal and disposal, oilfield construction, tank/pit cleaning, rig and tank steam cleaning, hotshot delivery, winch truck heavy hauling, and frac tank rentals.
Currently, Emco serves over 68 oilfield clients, including major oil companies such as ExxonMobile’s subsidiary, XTO, Chevron, Conoco Phillips, Occidental (OXY), and major independent public oil companies such as EOG, Devon, Cimarex, and Noble Energy. Emco has spent over $4 million to buy trucks, trailers, and other oilfield service equipment assets.
On Friday, NXMR announced that it was naming Mark McKenzie as the new President of Emco. He was the previous owner of Defender Contracting.
Last month, NXMR, which has a new CEO, said that it was entering the crypto market as well. CEO William Bouyea said:
“We are excited to announce that we will be entering the crypto market as one of our initial business segments. We plan to not only acquire the necessary rigs to mine Ethereum, but we will be immediately buying nodes from established mining entities that have actual success in crypto coins such as Gala, Green, and Liberty.”
The company is now raising the necessary additional capital to start mining Ethereum. It expects to start this segment of the new business focus during the next quarter. In the meantime, NXMR is finalizing the purchase of a significant number of revenue-producing nodes from a large crypto mining company.
We like what NXMR is doing after the major restructuring initiated last year. The company has obtained the Pink Current status only recently, has a new CEO, and is acquiring oil businesses with operations and revenue.
Moreover, the company plans to get rid of 575 million Restricted stock and lower the number of outstanding shares, which currently stands at 750 million.
We have a stop order with Empire Stock for 575 million Restricted stock that we are in the process of cancelling the proper way in the coming months, and then we will be lowering the A/S as soon as they are cancelled.
— Nextmart Inc. (NXMR) (Pink Current) (@CorporationNxmr) February 9, 2022
The improved share structure and the rapid growth of NXMR will drive the share price much higher. NXMR is a discount entry opportunity at current levels.
OTC STOCKS #4 VNUE
VNUE, Inc is not showing its best performance judging by its moves from the first quarter of last year, but it continues to pull back from the December bottom at $0.0084. Now the Pink Current stock is trading at $0.011, up 10% over the last five trading sessions. The share price has been hovering near the one penny mark since November, and the recent spike is significant enough to suggest the formation of an uptrend, with volume gaining momentum as well.
VNUE is a $16 million music technology company dedicated to further monetizing the live music experience for artists, labels, writers, publishers, and literally all stakeholders, by creating new and exciting products, by leveraging automation technology and second-to-none experience in the instant live space, and by identifying issues such as lack of transparency with performance rights organizations and solving this through innovation and its patent-pending solutions.
The VNUE team comprises a group of technology entrepreneurs, artists, and songwriters who are passionate about the future of the industry.
The company sells only live content through its platforms. It processes and pays mechanical royalties on instant live content and ensures proper accounting and payment to rights holders of material played in venues.
VNUE is the exclusive owner of Soundstr MRT technology (www.soundstr.com), and set.fm – an instant digital mobile platform for delivering content to mobile devices immediately after a show, and it’s also the exclusive licensee of DiscLive (www.disclive.net), the pioneer in instant live recording.
Last week, VNUE announced the appointment of longtime Nashville music industry executive Witt Stewart to the role of Strategic Marketing Consultant – Country & Americana. Stewart has a deep background in the industry, and served as artist management for icons such as Carole King, Jerry Jeff Walker, and Joe Ely.
“I have been searching for the best up-and-coming, visionary music tech company to work with, and VNUE just checked off all the right boxes. We are poised to do great things at VNUE, particularly with the addition of StageIt, and I expect we will be announcing some major music news very soon.”
Meanwhile, the company completed the acquisition of StageIt, one of the oldest and most well-known ticketed livestream companies.
With VNUE’s acquisition of StageIt, the company will now marry the livestream platform alongside VNUE’s existing artist-centric products and services.
It's official! #VNUE + @Stageit are now a couple! VNUE, the multi-faceted #musictech firm, has completed the acquisition of #StageIt. #HappyValentinesDay https://t.co/C58Hajbb6R pic.twitter.com/vijYwNNrZm
— VNUE (@VNUEINC) February 14, 2022
VNUE CEO Zach Bair said:
“StageIt is a powerhouse platform, and is the perfect companion for VNUE’s artist-centric products and services. The value of the StageIt database with over one million subscribers, and the tremendous opportunity to leverage and monetize that database for future VNUE and StageIt business, is huge given the damage done to the music business by COVID. We are perfectly positioned with our unique suite of products, including Set.fm and DiscLive, to create real value for artists, and for the company and its shareholders.”
With a decent share structure and the new acquisition, VNUE is ready to make a bullish move.
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.