4 OTC Stocks on the Rise: MAXD GTOR BDCO WSFT

The OTC market 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.When markets come out of bear markets, we get powerful bull moves. We are on the verge of seeing many 10x moves and opportunities.[embed]https://www.youtube.com/watch?v=gl9eSFYiuSo[/embed]In this article, we look at 4 OTC stocks on the rise, including Max Sound Corporation (OTCPK: MAXD), GGToor, Inc (OTCPK: GTOR),Blue Dolphin Energy Company (OTCQX: BDCO), and WikiSoft Corp (OTCQB: WSFT). OTC stocks #1 MAXD OTC stocks #2 GTOR OTC stocks #3 BDCO OTC stocks #4 WSFT

OTC STOCKS #1 MAXD

Max Sound Corporation has made waves last week, gaining 140% since Monday and doubling in price over the month to trade at $0.0012. The Pink Current stock has a great share structure and may continue the bullish path, especially since it’s been oversold for months. It hit the penny mark in March 2021 but has consistently declined since then, bottoming out at the end of May at $0.0004.MAXD focuses on developing and launching audio technology software. The company was formerly known as So Act Network, Inc. and rebranded to Max Sound Corporation in March 2011.The company owns the Optimized Data Transmission Technology patent portfolio. Max Sound and MAXD Audio Perfected and HD Audio are registered trademarks.While we think MAXD will continue with its audio technology brand, the company is apparently adopting a new business direction in the mining sector. MAXD has a new Twitter page where it reveals that it had been working on a new technology that it holds trade secrets on. The technology is related to mining, and the company said that investors should expect more details this week.https://twitter.com/MAXDinvest/status/1532729040770961410MAXD has a great share structure and a great risk/reward setup. We think this week will be a big one for MAXD.

OTC STOCKS #2 GTOR

GGToor, Inc has had an even better performance, surging 160% during the last five sessions alone and almost tripling in price over the month. The Pink Current stock is now trading at $0.058 after hitting the $0.07 mark on Thursday to touch the highest level since September last year. Volume figures also jumped to the highest since September.GTOR is a development stage company that engages in the eSports business worldwide. It also operates GGToor.com, a gaming portal. On top of that, it is involved in the development of youth sports and family entertainment complexes. The company was formerly known as Sports Venues of Florida, Inc. and rebranded in June last year.The $12.6 million company saw its share price surging after announcing a major metaverse deal. In its latest update, the company said that it had successfully signed a deal valued at over $100 million. On June 14, GTOR will launch GGTOORCITY in a Metaverse. GGTOORCITY will comprise 2,145 commercial parcels of land in the Metaverse that will produce 4,144 commercial and residential parcels. GGTOORCITY will be an entire Metaverse City made up of businesses and corporations across a variety of sectors. The company expects the majority of buyers will be in the entertainment, retail, or gaming businesses. Parcels can be purchased starting in June, using major cryptocurrencies. Prices will start at $8,400, with the largest parcels priced at $28 million each.https://twitter.com/StockPicksNYC/status/1531640703671062530The deal is being paid for by utilizing the company’s blank check preferred stock, which will not dilute shareholders.GTOR will announce the name of the metaverse on June 14. CEO John V Whitman Jr said:

“This deal has been in the works for months and it involved hundreds of moving parts. Structure was critical because Regulation A, which the Company has a qualified registration, does not allow Regulation A shares to be used for acquisitions. I also did not want to burden the Company with a massive debt. When full details of this deal are announced on June 14, 2022, at 9:00 AM EST, it will become clear to all shareholders how this structure is extremely beneficial to the Company and subsequently its shareholders. Our shareholders have been incredibly patient and understanding and I cannot think of a better way of rewarding those wonderful people than being able to announce a deal has finally been made.”

The GTOR price has almost tripled over the month, but we think it still has more room for growth while it’s launching on metaverse.https://twitter.com/claydeath1/status/1532811768724168704

OTC Stocks #3 BDCO

Despite Blue Dolphin Energy Company being an OTCQX member, it has performed better than the previous two tickers, surging over 350% over the month. It has gained 160% during the last five trading sessions and added 50% on Friday alone. Stocks like BDCO demonstrate once again that it makes sense to check OTC markets to find great opportunities amid the current bearishness.BDCO's share price is currently fluctuating near $1.9. It almost hit the $2.0 mark on Friday when it touched the highest level since 2017.BDCO is primarily an independent refiner and marketer of petroleum products. Its primary asset is a 15,000 barrels per day crude oil and condensate processing facility that is located in Nixon, Texas. As part of its refinery operations business segment, it conducts petroleum storage and terminaling operations under third-party lease agreements at the Nixon Facility. It also owns pipeline assets and has leasehold interests in oil and gas wells, although these are inactive.The energy play is benefiting from the surge in crude prices, with both WTI and Brent futures breaking above $120 for the first time since March, and fluctuating near the highest level in many years. Oil prices started to accelerate after the European Union announced that it would stop over 60% of oil imports from Russia, while US President Joe Biden said he wouldn’t visit Saudi Arabia to call for higher output.Meanwhile, BDCO itself is doing great. Last month, the company published solid Q1 financials, reporting gross profit of $6.6 million for the quarter ended March 31, compared to a gross loss of $0.2 million for the same period last year. Net income rose to $3.5 million, or $0.27 per share, compared to a net loss of $3.2 million last year.CEO Jonathan P. Carroll said:

“Blue Dolphin reported solid financial results for the first quarter of 2022 as refining fundamentals improved. In addition, the Nixon refinery operated well.”

We think this is a great oil play that can extend its rally given the surging oil prices. Recently, the company secured a great deal that will greatly improve the revenue figures.https://twitter.com/Arsen28082427/status/1375462555091566592

OTC Stocks #4 WSFT

WikiSoft Corp is a $33 million company that has been on the rise these days, jumping more than 550% over the month, also thanks to a 330% gain over the last week alone. The share price increased from about 7 pennies on June 2 to the current level of $0.32. On Friday, it broke above the $0.50 mark for the first time since September last year.The OTCQB member used to operate as a big data provider of information for businesses. It has operated Wikiprofile.com, an online platform to provide information on companies, business people, and investors; and developed Wikifunding, a website to accelerate matching startups with investors.Nevertheless, it seems that WSFT is changing its business direction. On Thursday, the company announced that Emergency Response Technologies, Inc, a subsidiary of ILUS International (OTCPK: ILUS), had acquired controlling shares in WSFT. The company is already getting ready for a new Board of Directors and Executive Officers. ILUS CEO Nick Link has taken over as Chairman of Wikisoft Corp. with ILUS Managing Director, John-Paul Backwell, COO, Louise Bennett, and CFO, Krishna Moorthy, taking seats on the Board of Directors for the company.WSFT is now exploring and taking on new growth opportunities which will involve a reorganization of the operating business and a change in focus.The company will change its name and ticker as soon as it decides on a new business direction.More information will be released this week, so you should closely watch this stock as well.We reported on ILUS on several occasions, discovering it well before it hit the decade-high last year near $0.50.At a recent shareholder meeting, the forecasted valuation for Emergency Response technologies was $500 million.https://twitter.com/MajorGainz7/status/1532544543169593344/With a float of only 21 million shares, WSFT is a great buy right now. This is a potential NASDAQ candidate very soon.

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)!

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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.