The crypto space has been the hottest sector for penny stock investors to be in for the past 9 months. There’s be no shortage of huge runners that we have positioned our subscribers in early.
Starting with HUMBL (OTCMKTS: HMBL) back in November at $.027, BIGG Digital Assets (OTCMKTS: BBKCF) in March, and Marathon Patent Group (NASDAQ: MARA) and Riot Blockchain (NASDAQ: RIOT) last August when both were under $4 which you can read here and here, our subscribers have captured some huge gains.
This is how big money is made in the penny stock market. Need to get in early and ride the wave.
As we tell our subscribers, the key to trading penny stocks is finding momentum BEFORE it happens and then be patient. Now, when we say that we find momentum BEFORE it happens, we are investors looking to position our subscribers BEFORE the move happens.
We always alert our subscribers first before we publish for our regular readers. This is the value of having a subscription to Insider Financial, which you can sign up for here. We alert our subscribers with our best ideas before our regular readers.
Our subscribers are in Majic Wheels (OTCMKTS: MJWL) under a penny and we think Majic Wheels is the next big crypto runner to go a nickel, dime, quarter, and finally dollar(s).
In this article, we take a look at the bull case for MJWL Stock and why this run is just getting started.
Majic Wheels announced at the end of April that it had new management and intended to file with the OTC Markets to become OTC Pink Current. This is when we knew that something was up. This is the first step when an OTC stock with the STOP sign is set to reverse merge.
An OTC stock with the STOP sign and about to become PINK Current is one of the best runners you can find on the OTC Markets.
Denise S. Houghtaling resigned from her duties as the CEO and Sole Director of the Company. The Company changed control and management.
Majic Wheels recognized its profile needs to be updated with OTC Markets and applied for OTCIQ ACCESS to update its profile and upload the required financial and disclosure statements to achieve Pink Current Status.
The Transfer Agent is Transfer Online, Inc. and there are no gag order instructions currently in place. The float and verified numbers will be streamed to the OTC Markets profile page.
MJWL Stock Making Moves
Then on May 7th, Majic Wheels announced 4 major items.
- The company took the decision to discontinue its efforts and intentions regarding the Company’s non-lucrative waste management, cleanup, and junk removal services business from the prior management.
- A CPA was retained for general accounting and specific ASC and FASB standards applicable to the Company’s SEC/industry accounting needs.
- The board of the Company intends to position Majic as a player in the disruptive industries of Fintech and Software Development. The company stated that it was in discussions with a revenue-generating merger candidate and completing the last phase of its due diligence process and negotiations.
- Majic Wheels is in good standing in the State of Delaware, and the financials have been completed and will be submitted as soon as the Company has access to OTCIQ.
On May 12th, David Chong was appointed Chief Operating Officer and Director of the Board. Mr. Chong has a very impressive CV.
Shaw Cheng “David” Chong has over 30 years of experience in medium and large private and publicly listed manufacturing companies. Familiar with navigating China, the US, Europe, Singapore, and other capital markets, his expertise includes international financial management, operations, auditing, funding, business development, internal control maintenance, corporate governance, and investor relations.
He has qualifications in professional accountancy studies from ACCA (the Association of Chartered Certified Accountants). Mr. Chong was the Financial Controller for Amtek Engineering Ltd. in China From 2007 to 2010 he was Strategic Advisor to Nasdaq China Recycling Energy Corporation, and later in 2010, he became CREG’s Investor Relationship Director prior to assuming the role of Chief Financial Officer from 2011 to 2015 and reverting to Strategic Advisor until May 2016.
From May 2015 to March 2019, Mr. Chong served as the Managing Director (Asia) of Hover Energy LLC, and concurrently from March 2016 to December 2016, he acted as Treasurer and Interim President of Nutrastar International. Mr. Chong became board advisor to NexG Ptd Ltd. in November 2016 and was subsequently appointed as Chief Financial Officer of NexG from January 2017 until April 2018, and Chief Financial Officer of Qourier from April 2018 to December 2019.
Mr. Chong was Strategic Advisor to Viagoo Pte Ltd from January 2020 to June 2020 and was appointed to OTC Muliang Viagoo Technology, Inc as Chief Financial Officer from June 2020.
We finally got the news we were waiting for on Friday. It was indeed a Good Friday as the stock closed the day up 122%!!
Majic Wheels executed a binding letter of intent to acquire a USD 150M revenue-producing cryptocurrency exchange and custody services platform: CGCX Ltd.
I would like to thank our team for the hard work and effort in making this CGCX deal happen. We could not be more proud of our team.
News link: https://t.co/JhtlSpNrb5
Stay tune for more details next week. pic.twitter.com/o6T1U9X46L
— Majic Corp (@MajicCorp) May 21, 2021
Founded in 2017, Calfin Global Crypto Exchange CGCX set out to offer a highly sophisticated cryptocurrency exchange for a seamless & secure crypto trading experience. Unlike most exchanges that offer only cryptocurrency trading, CGCX caters to the larger blockchain community by providing four services under a single platform.
CGCX has already established a crypto trading platform and custody solutions. In the latter, it is one of the first participants to offer insurance to some of its clients.
CGCX has established three different business lines that complement the needs of the cryptocurrency market.
- CGCX Exchange
- Custody Services
- Cryptocurrency Mining
David Chong, CEO and Director of Majic Wheels Corp, said:
“This is a unique assortment of value propositions that we are able to bring into the company. With the pending acquisition of CGCX, our company will bring a Digital Asset Platform that brings value from the diversified business model and security to the clients through insurance and infrastructure offering services such as Crypto Exchange, Digital Custody Services and Token Listing Platform under one-fold. CGCX has been operating successfully since 2018 and we could not be more excited with this pending merger.”
Exchange and Token
As anyone that follows crypto knows, the money is in the exchanges. While its customers gamble on the direction of cryptocurrencies, the exchange makes money no matter what. The house always wins!
Exchange platform users get 50% discounts on fees on the CGCS platform while paying with CGCX tokens. In the next phase, they can be used as a medium of exchange in our platform for Merchant transactions and Smart Contract Applications. They can also be used to vote in the Alt Token listing module to be launched very soon.
CGCX is a token based on the Ethereum blockchain. The most actual price for one CGCX [CGCX] is $0.042211.
CGCX Enters India
Last month, CGCX started allowing traders in India to directly buy and sell crypto assets from a dedicated trading desk as individuals or as an institution. A fully insured OTC desk makes the buying and selling of crypto easier and reduces traders’ risk of loss.
In March of 2020, the Supreme Court of India nullified the RBI (Reserve Bank of India) ban on cryptos, marking a monumental step for the firm, allowing it to venture into India.
Entering India is part of the company’s growth strategy as it expands to global markets. India, which is home to more than a billion people, has massive potential for crypto adoption. Not only will CGCX.io provide cryptocurrency trading services, but it will also demonstrate the application of blockchain technology to various startups that seek to benefit from it.
The company is also partnering with several blockchain funds to extend its services to institutions and institutional investors. A successful launch will ensure that CGCX.io services are implemented to uplift various ecosystems in the country.
SE Asia’s First Insured Bitcoin Fund
In March, South East Asia’s first insured Bitcoin fund, BCMG Genesis Bitcoin Fund-I (BGBF-I), officially launched to address the growing global interest from institutional and corporate investors. This Bitcoin-only fund offers insurance coverage and underwriting for Public Offering Security Insurance (POSI), adding an extra security level to its clients’ investments.
The BGBF-I leverages an Artificial Intelligence (AI) powered blockchain-based platform provided by the world’s first fully insured crypto exchange CGCX.io. The exchange has a highly complex and unique infrastructure that protects assets against cyber-attacks and hacks.
With security in mind, other measures include having all investment subscription contracts held in custody with regulated banks. All investors must go through mandatory Anti-Money Laundering (AML) and Know Your Customer (KYC) screenings.
There’s a lot to like with MJWL stock.
For one, the current share structure is beautiful.
Second, the CGCX token has a current market value of $50 million and they haven’t even promoted it. With all the shitcoins flying, what is going to happen to an actual exchange token? There’s tremendous upside to exchange tokens. Just look at how well Binance Coin (BNB) has performed!
Third, look at the valuation of other crypto exchanges like Voyager Digital. Voyager reported just $3.5 million in revenues last quarter and has a $2.5 billion market cap. HUMBL has no revenues yet and has a current market cap of $747 million.
$mjwl merger has more in actual revenue (150 million) than a lot of these $10 spac plays and it’s at .03 👀
— meetmeonmars (@twitstockking) May 21, 2021
In our opinion, this makes MJWL a unicorn overnight!
Once MJWL stock clears a nickel, it’s blue skies ahead to a dime, followed by a quarter and dollar (s).
All we can say is that MJWL stock is one of the best bets for investors on the OTC Markets.
Where else can you pick up a stock that is worth dollars for under a nickel?
MJWL looks to be the ultimate no-brainer on the OTC Markets.
Majic Wheels can easily be the OTC stock of 2021, just like HMBL was in 2020.
Congrats to all subscribers that got in under a penny. This bull run looks to be just getting started.
As always, good luck to all (except the shorts)!
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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.