ZANN CORP COM USD0.001 (OTCMKTS:ZNNC) Is Today's Penny Stock Focus

Today, we need to talk about a new business profile that seems to be preparing outstanding new ventures. Its name is ZANN CORP COM USD0.001 (OTCMKTS:ZNNC), which is based in Las Vegas. Company LogoThe company's share price reacted strongly to several announcements that appeared on social media. Some traders are making very good returns. In the last big pump, the share price went from $0.0015 to $0.067 in less than one month. For those who need a calculator, we are talking about triple-digit returns.Have a look at it before we provide more details about the company: 1 month chart for ZNNCBusiness and Most Interesting business ideaAccording to the company's website, ZNNC is involved in different business sectors including resort cruise business, food business, beverage business, fashion business among others: Zann Businesses ZANN CORP COM USD0.001OTCMKTS:ZNNCThe business entity is quite old and has run different business models in the past. It was created in the year 1999 and was called Pathobiotek Diagnostics, Inc. In 2000, it executed a merger agreement with ATNG, Inc. and changed its name. It was called ATNG, Inc. until 2004. According to the website, it is at the moment headquartered in Las Vegas, but it also runs other offices in Tokyo, Jakarta, and Macao.The most interesting business that is being assessed recently by the market is a bitcoin casino. It is not only an interesting business idea, it is also the first bitcoin casino that would be opened in the world. Bitcoin CasinoRecent Developments - Last Financial StatementsWe had a look at the most recent filings released by the company. The most interesting information apart from its businesses plan is its financial statements.The last report for the six months ended June 30, 2016 showed that the most significant accounts from the income statement were the following:

• Revenues: $489,811
• Gross Margin: $360,856
• General and administrative Expenses: $389,608

Additionally, it was noted that the amount of weighted average shares is 240,232,268 shares. This number is very important for the calculation of the per share amounts. It also helps check the dilution risk. Finally, please note that the company did not mention any convertible securities in this report.Regarding the assets reported, the following are, in our opinion, the most significant accounts. Please note the cash in hand:

• Cash: $22,651
• Goods: $135,223
• Advanced Paid: $1,298,777
• Investments and Other Assets: $1,015,444
• Total Liabilities: $7,046,232

Furthermore, these are the financial figures shown in the last annual report:

• Revenues: $1,537,650
• Gross Margin: $1,317,985
• General and administrative Expenses: $2,238,053

The key on this name is its low floatIf you have checked the stock chart closely, you should have remarked the high price volatility. Regular readers should know the reason behind it. The amount of shares owned by the public, the float, is quite low. It means that if big shareholders send large market orders, the share price could move largely. We noted this fact, because there is large amount of market participants, who appreciate volatility games.If you need to consult more information about the share capital structure of ZNNC in the OTC Markets website, there is plenty of statistics.ConclusionCurrently trading with a market cap of $3.1 million, ZNNC is an exciting story among small caps. We believe that there is room for improvement in terms of communication with the market. Thus, we believe that if the company commences to release more information about the new casino and the other initiatives, the market could push up the share price. This seems to be the biggest catalyst on the stock.Additionally, we believe that the ZNNC will need funding for the new bitcoin casino and more communication efforts are necessary on the next steps. The good news is the penny stock has shown that it can turn into a microcap runner overnight and this is what OTC traders live for.We will be updating our subscribers as soon as we know more. For the latest updates on ZNNC, sign up below!Image courtesy of A La Carte LLC via FlickrDisclosure: We have no position in ZNNC and have not been compensated for this article.