Quantum International, Corp. (OTCMKTS:QUAN) Looks Like Promotion
Penny stock markets have a new fashion trend, clean energy. In the past weeks, several tickers shot up from obscurity on mixes of paid promotions and press releases promising clean, sustainable energy. The latest curious spike in buying volumes and price is for Quantum International, Corp. (OTCMKTS:QUAN), a development stage company promising clean energy solutions and iPad accessories. 
QUAN went up more than 136% to 16 cents per share, a stunning climb for a pink sheet of a relatively high price of a few cents. More than 10 million shares were bought, and we suspect a promotional effort. Currently, the company is a bit underpriced at around $6 million, with just 38 million shares outstanding. But the low price lines up with quite deficient financial strengths: 
- $1,000 cash
- $1.3 million total assets
- $4.6 million total liabilities
- Zero revenues
- $804,000 net loss
So far, QUAN is lagging on its biggest promise, creating a series of iPad accessories that should act as a cash cow business, given the popularity of tablets. The company’s ticker does not match with the SEC. Another red flag is raised by the many name changes in the past, four different titles and business descriptions since 2007. The current business description is also varied, containing anything from clean energy, longer-lived batteries and elderly healthcare services. How the company would deal with all those activities is unknown, but so far it has managed to bury itself under a burden of debt and losses.
But all the possibilities of such a business are longer-term, and in the short term a promise to produce and sell iPad gadgets gave QUAN the phenomenal lift at the end of the trading week. The new session will show if investors continue to like this ticker or if the gain was enough to quickly realize gains. Also, the ticker may resurface if a promoter decides to pick it up for free or for a payment, to possibly climb more peaks with more investors’ attention.
Another recent spiking stock is Blue Earth, Inc. (OTCMKTS:BBLU), with bigger plans to build solar plants. But BBLU has the added benefit of an $80,000 promotion that created a smooth upward trend. In any case, penny stocks are prone to disproportionate movements and it is best to stay away from QUAN, unless you can afford to cut off a large part of your investment.
