MJP International Ltd (OTCMKTS:MJPI) is a new favorite on the OTC. The stock has blasted off out of the gates, fueled by the announcement that the company has completed the acquisition of 80% of the issued shares of Human Energy Alliance Laboratories Corp through its wholly owned subsidiary Energy Alliance Labs Inc. and has appointed Mr. Liao Zu Guo as Chief Executive Officer and Chief Financial Officer.
We’ve witnessed nearly 210% added to share values of the stock over the past week of action. This is particularly important due to the limited float size in the stock (fewer than 14M shares). As savvy traders are well aware, a restricted trading float and a jump in trading volume can crimp supply and push share prices higher.
MJP International Ltd (OTCMKTS:MJPI) promulgates itself as a development stage company that engages in the sale and distribution of LED lighting and technology solutions in North American market.
Its LED lighting products consist of LED Par series bulb, a replacement bulb for traditional Par 30/38 lamps; LED Down Light series, a lighting fixture with bulb and installation housing; and LED tube series products to replace fluorescent lamps and fit into existing light fixtures.
The company sells its products to end users, including municipalities, airports, railway lines, hospitals, post-secondary institutions, and large property owners; wholesalers; contractors; and retailers. MJP International Ltd. was founded in 2010 and is based in Calgary, Canada.
According to company materials, “MJP International is a company that specializes in green energy products and services, including rapidly advancing green technologies such as solar and wind installations. The company is built on the fundamental belief that Green technology is the way to a clean, profitable and energy-rich future. MJP International continually pushes the envelope to find ways for clients to use green technologies in a cost-efficient and user friendly way, firmly believing that renewable and clean energy sources will continue to come to the forefront as viable and economical alternatives to fossil fuel.”
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As noted above, MJPI has just bitten off an 80% piece in Human Energy Alliance Laboratories Corp. HEAL offers a wide array of green energy solutions it markets and sells online. Among them are state of the art wind and solar installations for both commercial and residential customers.
“We are very pleased with this acquisition which we will use as a stepping stone into the green energy market which is growing at the most rapid pace ever. In particular, domestic demand for solar panels has been very strong,” cited Christopher Hudson, COO of MJP International.
That should expand the company’s opportunities for growth in the space.
The company recently reported revenues of $5,432 for the three month period ended September 30, 2016 compared to nothing for the three month period ended September 30, 2015.
According to management, “the absence of sales for the three month period ended September, 2015 is primarily due to a drop in our marketing activities due to lack of capital. Our gross profit from sales for the three month period ended September 30, 2016 was $914 compared to our nominal gross profit of $Nil for the three month period ended September, 2015. From our inception on July 19, 2010 through September 30, 2016 we have earned revenues of $110,834, incurred costs of goods sold and operating expenses of $86,263 and $305,333, respectively, resulting in a cumulative net loss of $282,097.”
At this time, carrying a capital value in the market of $18.9M, MJPI has minimal cash on the books, which must be weighed relative to virtually no total accumulated debt.
MJPI is making very little overall at this point, so the recent investment and expansion will be important. However, it is likely that the surprise news (the company has been silent on the wires for nearly a year) and the small float together played a big role in the reaction in the tape. But we don’t want to jump to too many conclusions. Next steps will be key. This may be a very interesting story and we will look forward to updating it again soon. For continuing coverage on shares of $MJPI stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!