Greenwood Gold Resources Inc. (GGRI) recently announced preliminary plans for preparation of the Summer Property exploration work program, which would fulfill the requirement for undertaking a $350,000 work program on the Summer Property, according to the terms of the Company’s option agreement, according to a June 30 press release.
The proposed work program will include geological mapping, geochemical surveying, geophysical surveying, prospecting, trenching and drilling on the property, located in British Columbia, Canada in the prolific Quesnel Trough area.
The press release stated that various parts of the Properties have been explored by a number of companies in the 1980s and 1990s. Royal Canadian Ventures explored the ground from 1968 to 1971, and Guichon Explorco conducted geochemical and geophysical surveys from 1982-1983. In 1994 GWR Resources staked the ground and conducted geological mapping, soil sampling, a ground IP and magnetic survey, and a 12-hole 1,549 meter diamond drill program.
GGRI is focused on acquiring, developing and joint venturing with other junior or major gold mining companies with properties within North America.
Integrated wireless telecommunications company, HotCloud Mobile, Inc. (HOTM) announced on Thursday that the company is developing a cloud-based platform to host proprietary content that it “intends to push to smartphones, tablets and wireless devices purchased through HotCloudMobile.com and Stars Wireless, Inc.
“We previously announced that we are planning to aggressively pursue the creation of value-added apps designed for smartphones, and that the first step in this process was our partnership with Macrosolve,” said David J. Bleeden, CEO of HotCloud Mobile, Inc. in a June 30 press release. “The ‘App Cloud’ concept will allow us to monetize these apps by offering our customers a ‘channel’ from which they can customize and create the content that they want. It’s similar to a cable television network, where the customer chooses the channels they wish to subscribe to.”
HOTM is a supplier of wireless products and services designed to enhance the wireless experience. HotCloud offers the latest products on its website, including handsets, unlocked phones, specialty accessories, as well as phone insurance and exclusive mobile applications and licensed content from its in-house design team.
Penny stocks are loosely categorized companies with share prices of below $5 and with market caps of under $200 million. They are sometimes referred to as “the slot machines of the equity market” because of the risks involved. There may be a good place for penny stocks in the portfolio of an experienced, advanced investor, however, if you follow these steps.
Understand why penny stocks are considered a dangerous investment. Penny stocks are among the most volatile and most manipulated form of investment in the stock market. The companies usually have no track record of solid financial performance. In addition, the stocks are often manipulated by scam artists.
Get at least one year’s experience with mid- and large-cap stocks first. You should become adept at reading a balance sheet, income statement, and cash flow statement during this time.
Look for companies that have consistently generated cash and are growing their free cash flow over time.Avoid companies with a heavy debt load.
