Intelligent Living, Inc. (OTCMKTS:ILIV) Replenished by OTC Stock Center Promotion
Just ahead of the weekend, Intelligent Living, Inc. (OTCMKTS:ILIV) joined the ranks of the newly arrived pot stocks. The record volumes of $2.35 million carried the ticker upward by more than 104% to $0.0043. Nothing surprising for a sub-penny stock that is also heavily promoted.
Thursday was the chosen day when most emails landed, from a group of promoters. OTC Stock Center received a compensation of $10,000 for the pump, though others, like Penny Stock Players, mentioned ILIV for free, in an attempt to boost their past record.
In addition, ILIV explained its plans to gain entrance to the medical cannabis industry. The company claims to have signed a letter of understanding with private entity Green Roads of Florida, LLC, thus immediately gaining access to the portfolio. The first problem is that for Green Roads, the portfolio is “patent pending”, though with no numbers for the patent procedure, which may mean anything. At least the intention is to produce cannabis-based treatment modalities.
But let’s see how well equipped ILIV is for such an enterprise. The latest filing, from September last year, shows:
- $50,604 cash
- $1.63 million total assets- all intangible, patents or goodwill, no cash-like assets
- $223,300 current liabilities
- Zero revenues
- $260,986 quarterly net loss
While ILIV indeed has some activity on wellness and health markets, it is unknown how the acquisition would be financed. ILIV so far has more than 699 million shares outstanding, with 6 billion more authorized. The number of shares came after a reverse split, 100-for-1, in 2012, which normalized the situation a bit. At least ILIV is priced somehow fairly around $3 million even after the dramatic climb.
Another red flag for ILIV is its former name, Feel Golf Co, Inc. (FEEL), a name used until this summer. At that point, the ticker was heavily promoted, reached five cents and crashed by 90%, as is the usual scenario following pumps. So be aware that ILIV has been through the promotional machine in the past- and while gains were made, the losses were also extremely painful.
ILIV, which also offers brain-training software and mobile apps, resembles the model of small IT companies that claim to be attached to the cannabis market. RightSmile, Inc. (OTCMKTS:RIGH) is one of those, and for now the ticker is handling it pretty well, though at a low price, moving from triple-zero to $0.0029.
Singlepoint, Inc. (OTCMKTS:SING) is in a little higher range, though it is now looking for direction, at $0.06.
In the past days, more and more extremely inactive penny stocks come up with creative ways to exploit the cannabis boom- the stock boom in particular, as it is improbable that significant revenues would be made soon. If you decide to ride one of those trends- or even intraday spikes- it is best to be aware that for most stocks, a reversal will happen sooner rather than later.