Green Energy Hype Boosts Syncronys International Inc. (PINK:SNTL)
Green energy has always been a viable option, especially if your aim is to create a penny-stock company. Syncronys International Inc. (PINK:SNTL) claims to work on various solar solutions, although so far it has not sent a product to market and has a mere thousand dollars in cash. However, the group has a sleek web site and is savvy with press releases, so on certain days its stock rises in volume and price. 
Here is why we believe this pink sheet is a risky bid, starting with the most obvious, its financial data:
- $1000 cash
- Zero revenues
- $92,000 net loss
- More than $12 million market capitalization
The latest data this pink sheet provided are from the end of last year, so we can’t really know if its claims that 2012 was successful were true. Expenses were paid in cash, and the website shows little real activity in an already populated alternative energy market. The company has not even shared a business address, and can be contacted only by email. Most of the links of the website are empty, stating they are in development.
The biggest rise in interest and volume happened just a day after a press release outlining the future of the company and a recapitulation of the past year. The stock added more than 31% and 2 million shares changed hands. Posting press releases on well-visited search engines reaches as many investors as a paid promotion, if not more.
The SNTL ticker was last promoted in August, in a $4,000 budget newsletter, along with several other stocks. With no active mailers now, we may ascribe the spike in activity precisely to the press release. In the past three months, the stock is on a general upward trend, but it shows potential for falling by 50% in a day.
The summer promotion by Moving Pennies shows this pumper’s history in riding green trends and promising business models. In the fall, Moving Pennies helped push up the price of Global Stevia Corp. (OTC:GSTV), a company with great plans but no selling. The stock lost more than 90% of its value on heavy selling, with suspected insider placement of cheaply acquired stock. It is best in the case of companies offering too bright a future to do a due diligence and estimate the true strengths and risks.
