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."
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.
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