There are many tiers in the OTC markets, and in each tier there are stocks that may need a degree of attention. Here is a look at four OTC Markets-listed stocks that may be worth tracking.
Clean Vision Corporation (OTCQB: CLNV) operates through a portfolio of synergistic companies in the sustainable green energy and clean energy spaces. On July 31, the company announced that its subsidiary unit, Clean Seas Morocco (CSM), had entered into a feedstock supply contract with the global waste management leader Clean Oceans 2.
As per the terms of the agreement, the waste plastic or feedstock would be delivered to CSM’s facility in Agadir, Morocco, by Clean Oceans 2, and the company would not incur any costs for the same. The maximum deliverable amount of feedstock would be 1000 tons a year.
The agreement provided the company with a guarantee of feedstock for the facility in Morocco. The feedstock is essential for CSM to expand its Plastic Conversion Network (PCN). PCN is a software network that connects the feedstock sources spread across Morocco.
The operational facility currently operated by the company in Agadir has a capacity of 20 TPD, and by the end of 2023, it is expected to expand to 120 TPD. The feedstock that would be sourced from the European Union would be delivered to the company in full compliance with the Basel Convention.
The Chief Executive Officer of Clean Vision, Dan Bates, noted that the volume of feedstock was the key to its plans for expanding PCN in North Africa. The expansion would also help the company snap up off-take agreements, he added.
NaturalShrimp Incorporated (OTC:SHMP) is credited with having developed the first commercially viable system for growing shrimp with the use of its patented technology. It produces fresh, naturally grown shrimp without the use of toxic chemicals or antibiotics. On July 27, the company announced that it had terminated its merger agreement with Yotta Acquisition Corporation and Yotta Merger Inc., its fully owned subsidiary.
The previously announced merger had to be terminated since Yotta could not comply with the Amended and Restated Certification of Incorporation unless it could show tangible assets of at least $500,000. The company noted that such a situation made it impossible to satisfy the condition to consummate the transaction. The company’s Chief Financial Officer and Treasurer, William Delgado, expressed his disappointment at the breakdown of the deal after NaturalShrimp worked on it for close to 12 months. However, he noted that the company was in negotiations with another entity.
Stratos Renewables Corporation (OTC: SRNW) is an opportunity-driven investor and looks to invest in novel ideas. The company is led by the long-time whistleblower, shareholder rights defender, and advocate against microcap fraud, George Sharp. Additionally, Sharp is also involved in providing his expertise as a consultant to public companies and other entities related to the financial markets.
On August 15, it emerged that the following day, the Nevada District Court for Clark County would hear Stratos Renewables Corporation’s unopposed motion to cancel as many as 38,609,485 shares of its common stock. The company asserted that the shares had been issued improperly and had no value. Additionally, it was noted that Forwardly Inc. had decided to invest $400,000 in the company by buying 2,000,000 units. Each unit would be made up of one common share in Stratos and a share purchase warrant. One warrant would entitle the holder to pick up one additional share of the common stock for $0.30 up until December 31, 2024.
Halberd Corporation (OTC: HALB) On August 14, the company announced that mitigation research on its patent-pending nasal spray for traumatic brain injury was progressing at Mississippi State University. It went on to announce that some students had presented a paper on the aforementioned project at the Mississippi State University Shackouls Honors College Summer Undergraduate Research Symposium that was held on August 2. The paper had been titled "Model FOR Therapeutic Development IN Traumatic Brain Injury."
The research project is headed by Dr. Russell Carr of the Mississippi State University College of Veterinary Medicine. The research had been designed to correlate and quantify the biomarkers of traumatic brain injury found in animal models and then measure the mitigation of the effects by Halberd Corporation’s nasal spray.
The research is predicated on the operative assumption that the nasal spray is most effective when it is administered within hours of the traumatic event. The nasal spray is a combination of three active ingredients that not only timely address the injury but also block excessive production of some inflammatory neurotransmitters and cytokines brought about by head trauma.
General Enterprise Ventures Inc (OTC:GEVI) has been best known for the work of its subsidiary Mighty Fire Breaker (MFB), which came up with a sustainable and environmentally safe fire retardant.
In the past week, the stock has been in the middle of a strong rally and ended up with gains of as much as 80% on increased volume. Considering the recent breakout, the stock may extend its gain. In this situation, it may be a good idea to take a closer look at the fire defense product MFB-31-CitroTehc from MFB.
The fire retardant is not harmful to the air, water, or the larger environment. It had been prepared with only benign chemicals that do not have an adverse effect on the environment. Last year, the product had also been recognized with a certification from the Environmental Protection Agency. It has also proven to be highly effective against fire ignition.
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