Harmonic Energy, Inc. (OTC: ASUV) is this the next big Penny Stock Runner?

ASUV is an Explosive Penny Stock!

Update: Harmonic Energy Inc; ASUV has a history of making explosive moves up followed by epic drops since it hit the OTCBB under the shell's current incarnation in early 2012.  The run in early December was the most successful as the stock surpassed $1.50 per share on heavy promotion and $5 price targets from the usual suspects of second rate penny stock newsletters.

As I predicted the stock collapsed from there hitting a recent low of $0.51 per share. Since then ASUV has been upward bound and the stock has formed a strong base at the $1 level.

In a Press Release dated January 10 the Company stated that "In 30 days since the announcement of the social media and product awareness campaign Harmonic has gone from having only 30 Twitter followers to over 100,000 followers, its YouTube Channel has had nearly 1000 views and likewise the company now boasts over 11,000 "Likes" on Facebook, now giving the company significantly more reach with both its investors and partners."

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Harmonic Energy, Inc. (OTC: ASUV) is up in recent trading sessions after the Company paid to be featured in the Cohen Independent Research Report. According to ASUV they are honored to announce that Cohen Independent Research Group, Inc., Wall Street's leading independent fundamental research firm, has issued a research report on Harmonic Energy with a "buy" recommendation and a long-term target price of $5.26.
 
Harmonic Energy is a stock that was heavily promoted in the past when it ran from a start point of $0.50 to highs of about $1.60 per share. At that time the stock was being promoted by an internet marketing campaign along with ASUV announcement that they had received a $300M feedstock LOI.
 
According to a recent pr Harmonic is a company that focuses on a comprehensive solution to the disposition of scrap tires worldwide. Harmonic plans include the utilization of proven technologies that ensure each scrap tire is either remanufactured and put back on the road as a new tire or is completely recycled and reduced into marketable chemical commodity products. Both the tire remanufacturing and carbonization technologies that will be utilized by Harmonic are commercially proven and have viable operating commercial facilities.
 
Conclusion: Currently trading at a market valuation approaching $50 million ASUV has little assets and no revenues to date; long term this stock will drop big. This is a stock that has been trading on the OTCBB for many years under several different names and had a significant stock promotion several months ago. Now that they are marketing the stock again with the ridiculous (how did he come up with $5?) $5 per share price target from Cohen speculators have been snapping up shares. Judging by the players involved this time around I would not expect much continued upward movement on ASUV here.
 
To find out the inside scoop on ASUV subscribe to OTCMagic.com right now. Also everyone should know, we have something HUGE coming!

 

Harmonic Energy, Inc.
Dan Forigo, President and CEO
 
STOCK INFORMATION
SYMBOL: OTC: ASUV
Shares Outstanding: 62,370,595
Market Cap: $62,994,301
 

Harmonic Energy, Inc is focused on finding a solution to the disposition of scrap tires. The Company plans to utilize proven technologies that either remanufacture the tire and put it back on the road or break it down to be used in chemical commodity products. According to the company both the tire manufacturing and carbonization technologies they plan to use are commercially proven and have viable operating facilities.

On April 12, Harmonic announced a contract they say is worth $300M. The contract is for 200 tons of tire feedstock per day for the next 10 years.  Mr. Jamie Mann, CEO of Harmonic, stated, "We are extremely pleased to secure this valuable tire feedstock as this will give Harmonic a strong foundation to establish our first facility located within the United States. The great lakes region represents a phenomenal opportunity to create domestic clean energy and new green jobs in the manufacturing heartland of the United States."

Harmonic Energy, Inc., formerly known as Aviation Surveillance Systems, Inc. and Fairytale Ventures, Inc., was incorporated in the State of Nevada on May 1, 2007.  The Company is currently seeking to acquire oil and gas prospects and/or producing oil and gas properties in the United States and internationally.  The Company has not realized significant revenues to date and therefore is classified as a development stage company.

 

Formerly=Aviation Surveillance Systems, Inc. until 7-2010
Formerly=Fairytale Ventures, Inc. until 5-2009
 
shs increased by 1.84356289 for 1 split.  Pay date=07/24/2008.
shs increased by 1.6 for 1 split; payable upon surrender. Pay date=05/11/2009.
shs increased by 5 for 1 split. Ex-date=03/13/2012.  Pay date=03/12/2012.

4 Responses to Harmonic Energy, Inc. (OTC: ASUV) is this the next big Penny Stock Runner?

  1. Scott Garrabrant says:

    How do you subscribe to this? Cost?

  2. OTCMAGIC STAFF says:

    Just scroll up and enter your email in the provided box. It is 100% free and always will be. No cost

  3. Myria says:

    I appreciate the honesty in your articles.

  4. OTCMAGIC STAFF says:

    Everyone. Please leave comments! tell the world what you think of this stock! I think its had a pretty damn explosive run over the past few days. What about You?

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