Small cap small cap Internet, app or digital signage stocks Blast Applications, Inc (OTCMKTS: BLAP), TGFIN Holdings Inc (OTCMKTS: TGFN) and Data Call Technologies, Inc (OTCMKTS: DCLT) were getting some extra attention last week. Specifically, two of these stocks have been the subject of paid promotions while the third surged 114.29% on Friday. With that in mind, here is a closer look along with a reality check on all three small cap stocks:
Blast Applications, Inc (OTCMKTS: BLAP) Announced $10 Million in Financing Last AugustSmall cap Blast Applications is a marketer and developer of applications for Android, iPhone®, Twitter® Facebook® and Nokia with unique opportunity to monetize the web surfer's dedication to social media sites through direct advertising programs tied to the Company's tools, applications and websites. On Friday, Blast Applications rose 4.67% to $0.0157 for a market cap of $8.57 million plus BLAP is up 124.3% over the past year and down 94.6% over the past five years according to Google Finance.
What's the Catch With Blast Applications? According to various disclosures, transactions of $10k and $15k have or will occur to mention Blast Applications in various investment newsletters. Last Tuesday, Blast Applications issued a quick investor update which noted the company has "expended its range nationally and internationally" plus they are in the process of signing a contract for the launch of Tobi Rubinstein Schneier's Reality TV show on http://www.galaxyglobaltv.com which will also be available nationally on the Dish Network on Demand - reaching 14 million subscribers. Otherwise and back in August, Blast Applications announced it had received a $10,000,000 Reserve Equity Financing Facility from AGS Capital Group, LLC, a US based private investment fund. The financing would be subject to being registered with the SEC as well as other conditions. A quick look at Blast Applications' financials reveals revenues of $41k (most recent reported quarter), $39k, negative $68k and $113k for the past four quarters plus net losses of $49k (most recent reported quarter) and $54k, net income of $95k and a net loss of $156k. At the end of June, Blast Applications had $3k in cash to cover $1,518k in total liabilities – meaning the $10 million in financing would be a game changer.
TGFIN Holdings Inc (OTCMKTS: TGFN) Surged 114.29% Last FridaySmall cap TGFIN Holdings develops software applications for the Apple iphone and other hand-held devices in the United States. Its applications include SportsCast Baseball, SportsCast Basketball, and SportsCast Soccer. The company sells its applications online at the Apple Store. On Friday, TGFIN Holdings surged 114.29% to $0.0270 for a market cap of $629,668 plus TGFN is up 116% over the past year and down 10% over the past five years according to Google Finance.
What's the Catch With TGFIN Holdings? According to various disclosures, no transactions have occurred to mention TGFIN Holdings in various investment newsletters. I am not seeing any news on the financial wires to explain the sudden surge of TGFIN Holdings on Friday nor the spike shares had last Monday. A quick look at TGFIN Holdings' financials reveals no revenues; net income of $234k and net losses of $30k, $305k and $16k for the past four quarters; and $34k in cash to cover $196k in current liabilities at the end of June. So its hard to explain why TGFIN Holdings' shares have suddenly become active last week.
Data Call Technologies, Inc (OTCMKTS: DCLT) Has No Recent NewsSmall cap Data Call Technologies was created in 2002 just as Digital Signage began to stake its claim in the world of advertising. The company aims to integrate cutting-edge information delivery solutions that are currently deployed by the media, and put them within the control of retail and commercial enterprises. On Friday, Data Call Technologies fell 14.7% to $0.0145 for a market cap of $521,658 plus DCLT is down 73.6% over the past year and down 85.5% over the past five years according to Google Finance.
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What's the Catch With Data Call Technologies? According to various disclosures, transactions of $5k and $35k have or will occur to mention Data Call Technologies in various investment newsletters. Data Call Technologies has been rather quiet with the press releases lately as the last press release in early August announced the launch of the Direct Lynk Media product and the launch of its newly revamped website (www.datacalltech.com). Otherwise and despite the recent promotions, there has not been much news since the spring time. A quick look at Data Call Technologies' financials reveals revenues of $157k (most recent reported quarter), $157k, $123k and $124k for the past four quarters along with net losses of $1k and $130k and net income of $3k and zero. As of the end of June, Data Call Technologies had $64k in cash to cover $294k in current liabilities. Those financials are not overly exciting; but given the promotions, maybe we can expect some new news to get the stock going again Data Call Technologies.
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