VizStar, Inc. (OTCMKTS:VIZS) – Ready for Another Pump

VizStar, Inc. (OTCMKTS:VIZS) is a company that doesn’t see a lot of active trading. And there is a good reason for that. In the aftermath of the last promotion from two weeks ago the ticker dropped down to $0.01 and investors had all but abandoned it.

Now Whisper from Wall Street, OTC Stock Exchange and Inside Bulls have decided that they will fare better than the previous newsletters at touting the company. They are not going to do it for free of course although the compensations they are going to receive ranging from $3000 to $5000 are just a portion of the ones from the previous pump.

On top of that they must have scratched their heads quite hard in order to come up with emails that will convince traders that VIZS is a good idea. The company has been searching for its forte for some time now. Back in 2010 they were a charter broker, then they changed to a oil and gas exploration company and finally now they have decided to dabble in the organic cosmetic, wellness and skincare industry. VIZS managed to acquire Kimberly Parry Organics, a company with real products and real business. Imagine our surprise when we opened the quarterly report for the period ending February 28 only to find:

• no cash
• $2 million total assets
• $2.3 million total liabilities
• no revenue
• $650 thousand net loss

And the respectable $2 million assets are listed under the rather dubious “investment in preffered shares” whatever that means. Not to mention the fact that on January 25 VIZS increased the maximum amount of authorized common shares to 9 billion and have already reached 6 billion. The CEO of the company holds 4 billion of them but at least they are restricted for now.

The current promotion may be able to lift the ticker for a while but a long turn positive trend is unlikely. Experienced traders may attempt to play this highly speculative stock but if you aren’t prepared to bear the possible losses it is best to skip it entirely.