There’s no question about it. It’s ugly out there. Large caps, crypto, bonds, tech. You name it and they’re all down. 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.
When markets come out of bear markets, we get powerful bull moves. We are on the verge of seeing many 10x moves and opportunities, just like we saw last week with ProText Mobility, Inc (OTCPK: TXTM).
In this article, we look at 4 hot OTC stocks, including TXTM, Artificial Intelligence Technology Solutions Inc (OTCPK: AITX), Brazil Minerals, Inc (OTCQB: BMIX), and Hiru Corporation (OTCPK: HIRU).
OTC Stocks #1 TXTM
ProText Mobility, Inc exploded after the announcement of a reverse merger deal. The share price surged from $0.002 at the beginning of the month to the current level at $0.0164, gaining over 700%, which demonstrates once again that the OTC is the place to go even when the stock market is bleeding.
On Monday, June 13, Republic of South Africa Medical Marijuana Dispensaries Acquisitions LLC (RSAMMDA) announced that it had acquired TXTM. Specifically, 100% of capital stock in RSAMMDA is exchanged for Preferred Stock in TXTM.
RSAMMDA is a jointly owned company focused on acquisitions with two principals, Mr. Dylon Du Plooy and Dr. Ahmed Jamaloodeen (Dr. J), who represent the South African business entities of RSAMMD and Leeds Boerdery. RSAMMD is a South African pioneer in the research, cultivation, production and distribution of medical cannabis and cannabinoids. Leeds Boerdery, controlled by Dr. J, owns the 5000 hectare New Castle Farm as well as cannabis and hemp licenses issued by the Government of South Africa. Following the deal, TXTM is led by Mr. Du Plooy, who is CEO and Director, and Dr. Jamaloodeen, who acts as President and Chairman of the Board.
Dr. Jamaloodeen commented:
“We are excited about this transaction and taking Protext to the next level. We believe there to be numerous synergies to incorporate the Protext proprietary live plant extraction technology and processes into our existing infrastructure. We envision adding other assets into the operations of Protext, including our off-take agreements and present sales, with the goal of uplifting exchanges in the future. As previously announced, Protext and RSAMMD jointly worked together and conducted a series of tests on live cannabis to prove out that the Kettle system and extraction technologies did what they were supposed to do. We look forward to discussing this further as well as our upcoming operational plans.”
The reverse merger deal has been in the making for months. We reported about it in August 2021, when TXTM was trading below $0.002. This is already a big win for our readers, but we’re confident that the best is yet to come.
Du Plooy said that the new management would share the roadmap and the long-term plans, such as adding other valuable assets to the company which complements the core business and executing on commercializing the proprietary live plant extraction technology as well as deploying its crypto platform.
The stock is trading at the highest level in almost a decade, but there is still room for growth. When TXTM is rolling out its token, the stock can attract more attention. TXTM is a good example of OTC stocks with a great share structure, which are attractive for reverse-merger deals.
$TXTM These projections are huge, no getting around it. Extremely undervalued as it stands. No better set-up in penny land at the moment quite frankly. In a world going mental, this is where you put your money. https://t.co/bobyvUSS2w
— 𝕂𝕣𝕚𝕤𝕥𝕚𝕟 (@Stoxsiren) June 18, 2022
OTC Stocks #2 AITX
Artificial Intelligence Technology Solutions Inc has actually been consistently declining during the last 12 months, but the company is improving its operations and fundamentals. The share price is currently fluctuating near $0.014, down from $0.022 at the beginning of the year.
We first paid attention to AITX in December 2020, well before the rally that sent the price to over $0.25. Even though the multi-month bearish trend doesn’t inspire confidence, it’s a great opportunity to buy the dip, especially given that the authorized shares are maxed out and the company has a healthy balance sheet.
AITX focuses on the delivery of artificial intelligence and robotic solutions for operational, security, and monitoring needs. It also develops front-end and back-end software solutions.
The company continues to improve its balance sheet by securing orders that positively impact its revenue. Last week, its subsidiary Robotic Assistance Devices, Inc (RAD) received notice from a top dealer to expect an order for a minimum of 37 RAD devices. While this is already the largest unit order through an authorized dealer, AITX said on Thursday that the order had expanded to 50 RAD devices. The dealer is identified as DSI Security Services, one of the nation’s top security companies with over 4500 employees, and more than $100 million in Annual Revenue. The RAD devices will be used at 5 of the end user’s manufacturing, service, and distribution centers.
$AITX The sign of things to come. . . 37 unit verbal order turns into a 50 unit inked order 🤣. Full and awesome details here. Massive progress, momentum. . .loving it!!! Thanks to the AITX Community for the incredible support – you know what's up!!! https://t.co/4gdt4xoxq8
— Steve Reinharz (@SteveReinharz) June 16, 2022
AITX CEO Steve Reinharz said:
“This incredible order is one of many coming to the end of the sales cycle. I expect these types of multi-unit sale announcements to be more frequent to the point they become the regular order of business. We’re moving corporate clients from unobtainable guards to robots and saving them money in the process. It is that simple.”
Earlier this month, AITX filed for uplisting to the OTCQB. Future announcements will be made regarding the status of the OTCQB application.
We like that AITX has a great share structure and sells some exclusive security products, including the ROSA and AVA security robots.
$AITX June should be the biggest sales month to date (#momentum #yay #winning) with more key items to be shared tomorrow (hint: awesome stuff!). In the meantime, YT's Mr. Frugal Investor (frequent aitx analyst), added hilarity into his most recent video:https://t.co/KkO1AUQMTk
— Steve Reinharz (@SteveReinharz) June 17, 2022
OTC Stocks #3 BMIX
Brazil Minerals, Inc is hovering near the penny mark after doubling in price over the month. The OTCQB stock peaked on Tuesday near $0.014, which is the highest since November last year. The rally is heating up, with volume surging to the highest in over a year.
The $33 million company operates a mineral exploration and mining business in Brazil. The company’s mineral rights portfolio for battery metals includes approximately 60,077 acres for lithium, 30,009 acres for rare earths, 22,050 acres for titanium, 14,507 acres for graphite, and 7,509 acres for nickel and cobalt. It also owns 100% interest in various mining concessions for gold, diamond, and industrial sand.
BMIX also owns about 50% of Apollo Resources Corporation, a private company currently focused on the development of an initial iron mine in the well-known Iron Quadrangle area of Brazil. It also owns approximately 25% of Jupiter Gold Corporation (OTCQB: JUPGF), a company focused on developing gold projects and a quartzite mine.
Investors increase their exposure to BMIX as the company is close to uplist on NASDAQ. Besides this, investors expect an important report to be released by the end of June. The company’s Minas Gerais Lithium Project intersects the property of a large publicly traded lithium miner that has already proved the presence of lithium deposits totaling over 20 million tons. Recently, BMIX confirmed the existence of hard rock pegmatites with lithium mineralization and is now awaiting a technical report from SLR International Corporation in a few days.
Earlier this month, the insider buying intensified, according to multiple BMIX reports with the SEC published last week. We believe BMIX is onto something, and this stock is a great long-term bet.
OTC Stocks #4 HIRU
Like AITX, Hiru Corporation has been in free fall for months, bottoming out at the end of May at $0.0016, which was the lowest since the first quarter of 2021. The Pink Current has bounced back in June, doubling in price since the beginning of the month to trade at $0.0035, although there is still much to recover – HIRU almost hit the penny mark at the beginning of the year.
HIRU is a $6 million holding water and ice company servicing the Southwest US States. The company’s client base is primary B2B retail type retail establishments, some being NYSE and NASDAQ Co.
To begin with, what we like about HIRU is that it has an ideal share structure, with authorized shares maxed out and about 1.2 billion float, and a tiny market cap that can expand quickly.
Last week, HIRU tweeted that it would meet with Walmart in July, prompting investors to take a closer look at this OTC stock. An important detail is that Walmart replied to HIRU’s tweet without being tagged, suggesting that something big will be announced soon, which definitely points to increased revenues this year, as Walmart is the largest retailer in the US.
Great News!! Meeting set with Walmart July 6th from 11 to 1. $HIRU
— @Hirucorp (@Hirucorpnew) June 16, 2022
We’ll keep you updated on HIRU’s deal with Walmart when more details are revealed to the public.
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.