STRAGENICS INC (OTCMKTS:ASAB) Pops After New Filing

After multiple months of trading in low volume and often closing flat, in yesterday’s session Stragenics Inc (OTCMKTS:ASAB) suddenly exploded. The company’s stock was a massive 60% up by the closing bell on record volume of 93 million shares traded – hundreds of times its average for the past months.

The only visible trigger for the pop seems to be the Schedule 13G that appeared on Monday afternoon. The filing was submitted by Vis Vires Group, Inc. who chimed in as the new holder of a convertible security which can be turned into 9.9 million common shares, or 9.9% of the company’s 99.8 million outstanding shares reported as of July 13.

Curiously, about 10 minutes after the filing came out, ASAB traded its first shares for Monday’s session and dropped sharply, to stop 26% in the red by the closing bell. In a somewhat confusing session, ASAB dropped further yesterday, then bounced massively to a 60% green close.

Vis Vires Group Inc is headquartered in Great Neck, NY and the Schedule 13G filing is signed by a certain Mr. Curt Kramer. Coincidentally, there was a company called Mazuma, based in Great Neck and run by a Curt Kramer. Back in 2013, Mazuma and Kramer were charged by the SEC with violating federal securities laws and selling billions of unregistered shares into the hands of shareholders in other microcap companies. Here is the PDF of the actual SEC cease-and-desist order.

Kramer agreed to pay $1.4 million to settle the SEC charges.

ASAB‘s latest quarterly report lists Kramer’s Vis Vires Group Inc. as the holder of a convertible note issued March 2015. The $33,000 note converts at a 49% discount of the average of three lowest closing prices 15 days prior to conversion.

It should also be noted that between 2013 and the present, ASAB has been targeted by over 100 stock pump emails, the newest ones arriving just last month.