Wall Street fell on Monday in wild action as traders aggressively sold stocks and bid-up only the safest asset classes. The Dow Jones Industrial Average dropped 352.1 points, or 2.1%, to 16111.8, the S&P 500 fell 44.3 points, or 2.1%, to 1927.1, and the Nasdaq Composite decreased 93.6 points, or 2%, to 4612.8. All three main U.S market indexes are now in contraction territory. The most recent round of selling comes after the worst week for the wide S&P 500 in over four years that stripped more than $1 trillion in market value from U.S equities. With that being said, these penny stocks; FBEC Worldwide Inc (OTCMKTS:FBEC), Calissio Resources Group Inc (OTCMKTS:CRGP), AVRA Inc (OTCMKTS:AVRN) and MyEcheck Inc (OTCMKTS:MYEC) have not felt the affects of the most recent downfall but have actually surged as of late.
FBEC Worldwide a beverage company with intellectual property formulas and marketing capability for the production and distribution of proprietary beverages recently launched their HEMP infused energy shot in early August. Since then the company has seen a significant increase in volume. On August 21st the company released a shareholders update discussing the 8k filed that the company will no longer be working with the Yorkshire Capital Advisors. CEO Robert Sand was quoted in a recent press release, “As the company progresses toward its goals of penetrating the marketplace with its current and future beverage lines, it is our fiduciary responsibility to eliminate overlap with the current services & consulting arrangements we have in place and the ones we had prior to the launch of our flagship product, WolfShot. While we appreciate the effort made by Yorkshire Capital during the early stages, it is our responsibility to manage our working capital efficiently.” He continued, “As for our signature product WolfShot, we are currently wrapping up the beta version used for vendor sampling & retail awareness and will have a 100% completed product for wholesale & retail distribution shortly. We appreciate the patience of our consumers and are committed to releasing the absolute best product that will set a new precedent for the energy shot market.” FBEC is seeing strong accumulation between $0.05-$0.06.
Calissio Resources Group, Inc. a company that focuses on developing base metals projects in Mexico recently announced its progress on their share buy back program. During the time from August 13th-August 21st of 2015 the company purchased 63,115,114 of its shares at an average price of $0.0028 per share. The total amount of shares repurchased under this program to date is 158,865,114 common shares for a total amount of consideration of $588,448.00. In the month of August alone CRGP has seen a significant price run of 594% from lows of $0.0017 to highs on Monday of $0.0118.
Avra Inc. a development stage company pioneering product innovation and activation of merchant and consumer commerce in the global Bitcoin-related digital currencies market has seen an pps increase of 190% over the last two weeks from lows of $0.10 to highs on Monday of $0.29. Avra has created a one-stop solution that provides a best practice level of protection combined with an easy to integrate application interface. CEO Steve Shepherd has previously stated, “Digital Currency businesses are a relatively small but highly visible target and Avra has invested significantly in the development of preventative applications available to our clients through AvraSecure, a subscription based solution which can be implemented for as little as $199 per month with increased security solutions available based upon a completely free client-specific needs assessment.”
MyEcheck Inc., the winner of the 2015 PYMNTS award for best check innovation and the leader in electronic check solutions for online and mobile payments has seen an increase in momentum and price over the last month. In mid July the company entered into an debt exchange with TCA Fund Management Group that will delegate the debt to a private investment group. MYEC has risen 52.70% from lows of $0.0111 to highs on Monday of $0.0169 over the last month.