Penny Stocks to Watch for June 2: (MESAQ, OOAG, IAGI, MCLN, BMOD)

June 2nd, 2010 at 8:53 am Posted by 
Dear Students

Here’s The Dean’s penny stock watchlist for Wednesday, June 2, 2010: MESAQ, OOAG, IAGI, MCLN, BMOD

Mesa Air Group, Inc. (OTC: MESAQ.PK) transports passengers, as well as freight and express packages on its passenger flights. MESAQ gained 36.49% on no news yesterday.

Yesterday, OMDA Oil and Gas, Inc. (OTC: OOAG.PK) announced the company would retire 12 million, or 5%, of its previously decided 250 million shares. Early this morning, the company announced it will retire an additional 58 million common shares, further reducing its outstanding shares by an additional 25%, or “nearly 30% this week.

IA Global Inc. (OTC: IAGI.OB), a global outsourcing and services company with a primary presence in the Pacific Rim region, gained 8.7% on more than 4 times its 3 month average volume on no news yesterday.

Although MedClean Technologies, Inc. (OTC: MCLN.OB) hasn’t released news in two weeks, this penny stock closed up 17.50%, at $0.0141, on the day.

This morning, Biomoda Inc. (OTC: BMOD.OB), a cancer diagnostics company, announced the signing of a memorandum of understanding to establish a CLIA-certified clinical laboratory in Ohio to support ongoing research and development of the company’s porphyrin-based assay for the detection of early-stage cancer.

Happy Trading, The Dean



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