Why the baby in the lower half of the article? We’ll get to that shortly, but let’s start with other Stop Sign Stocks!
Some of the most entertaining press releases come from the stocks on OTC Markets that are either Stop Sign stocks or the more infamous Caveat Emptor. More info HERE on those segments, but let’s get to the news!
(Do keep in mind, just because a stock is either a stop sign stock or a Caveat Emptor does not mean it is a bad stock. It does not mean there is fraud. It does not mean there are bad people working for the company.)
The first is not terribly interesting as far as the content:
Bexil Corporation (PINKSHEETS: BXLC) announced today that the location of its 2014 annual meeting of stockholders on August 6, 2014 at 11:00 a.m., local time, has been changed to The Union League Club, 38 East 37th Street, New York, New York 10016.
From its press release, here is what they do:
Bexil is a holding company engaged through subsidiaries in investment management, securities trading, and mortgage banking. Bexil subsidiary Bexil Advisers LLC is investment manager to Dividend and Income Fund, a closed end fund (NYSE: DNI) (NAV: XDNIX). Bexil American Mortgage Inc. is engaged in residential mortgage banking, including origination and servicing. To learn more about Bexil, including Rule 15c2-11 information, please visit www.bexil.com. Certain affiliates of Bexil are engaged in stock market and gold investing through investment management of equity and gold mutual funds and closed end funds.
Next – Delphax Technologies Inc. (OTC:DLPX):
Delphax Technologies Inc. (OTC:DLPX), a global provider of high-speed digital printing equipment, announced today that its elan(TM) 500 digital color print system has been selected as a pre-qualified product in the Canadian government’s Build in Canada Innovation Program (BCIP).
The BCIP is a developmental evaluation and procurement program offered by the Canadian government to help companies get innovation out of the lab and into the marketplace through purchases and testing within the federal government. The BCIP was launched in 2010 as a disciplined way to connect businesses with federal departments and agencies that have a need for innovative products and services. Delphax’s engineering and manufacturing facilities are located at its subsidiary, Delphax Technologies Canada Ltd., in Mississauga, Ontario.
Okay – Let’s do ATWEC Technologies, Inc. (OTC Pink: ATWT) (PINKSHEETS: ATWT)
Now this next one is really sick – in my opinion. While they have a product to prevent toddler or baby death in a car, this has been all over the news lately with the father accused of purposely killing his young son. They refer to a specific news story out of Connecticut. See that here. There is something inherently wrong with putting out a press release following up on a kids death with a solution to prevent it.
Here is part of that release:
ATWEC’s New Kiddie Systems(TM) Product Designed to Prevent Auto Tragedies
Connecticut Child Dies After Being Left in Hot Car
RIDGEFIELD, CT, Jul 15, 2014 (Marketwired via COMTEX) — ATWEC Technologies, Inc. (OTC Pink: ATWT) (PINKSHEETS: ATWT), a US-based child safety company, today sadly announced that yet another child has died after being abandoned in a hot car on a summer day with sweltering temperatures.
Ridgefield, CT police said that they were notified by Danbury Hospital staff at 6 pm on Monday that an unidentified toddler died after being left unattended in a hot car for an “extended period of time.” The exact cause of death remains under investigation, and police would not say if anyone is facing charges.
They even use quotes from real people about the incident:
Connecticut residents are wondering how these incidents keep happening. “It’s very sad. I can’t believe it,” said Rachida Hassaine of Ridgefield. Within the last month, six Connecticut caretakers have been charged with leaving children in unattended vehicles. On Tuesday, three cases of children being left in hot cars were reported.
It’s like they think they are putting out a news story, except they are simply lifting some content and writing a commercial, smallcap press release around it. Not cool.
I wanted to learn more, so I went to their website and clicked on the link to the Kiddie Systems(TM) site and got this:
So what is a press release worth if the site that actually has the product is down?
Zero shares traded on Tuesday after it came out. Actually only about $140 in shares have traded since June 1st.
That’s all the Stop Sign News we have right now!