Penny Stock Watch List (HEMP, ONVO, AAMRQ, PHOT)

Lakeway, TX -- (SBWIRE) -- 02/06/2013 -- Bestdamnpennystocks, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-

HEMP, INC. (PINK:HEMP) stock jumped 23.46% to $0.100. The company, on Jan. 23, officially launched its second spinoff today, YourBev Structured Water and Functional Beverage Company, Inc. (www.yourbev.com), a type of structured water formulated to improve the functioning of the human body. The first spinoff, BioSwan, was announced in their December 21, 2013 press release.

Is HEMP after A Solid Pop Up? Find Out Here

Organovo Holdings Inc (PINK:ONVO) shares climbed 7.91% and closed at $4.50 after the company yesterday announced its intention to redeem two classes of outstanding warrants initially issued to investors participating in private placement financings in 2011 and 2012. The warrant redemption will raise non-dilutive capital, enable Organovo to significantly improve its balance sheet, help position the Company to qualify to list its common stock on the NYSE MKT or NASDAQ exchange, and decrease a significant portion of the derivative liability from its balance sheet.

How Should Investors Trade ONVO After The recent Earnings Report? Find Out Here

AMR Corporation (PINK:AAMRQ) shares climbed 0.81% and closed at $1.25. The company, on Jan. 16, recorded a full year 2012 net loss of $1.9 billion, compared to 2011's full-year net loss of $2.0 billion. Adjusted net loss for 2012 was $130 million, a $932 million improvement over 2011.

Additionally, the company recently reported that they are in final stage of completion of merger with US Airways Group Inc. AMR stakeholders are working to finish all the requirements of this merger. It is expected that deal will complete in 2 weeks. In 2011, AMR Corporation filed for bankruptcy due to high labour cost. Now, as AMR is combining with US Airways, the company management is hopeful that it will make up one of world largest airline.

Why Should Investors Consider Buying AAMRQ Now? Find Out Here

Growlife Inc (OTC:PHOT) shares dropped 4.55% and closed at $0.0860. The company, on Jan. 29, announced the company has retained Integrity Media Inc., as its Investor Relations firm of record. Integrity Media Inc. is based in Las Vegas, NV. The firm is led by Kurt Divich, President. Mr. Divich, a twice-published author, is one of the true pioneers of Internet-based financial communication and has worked with hundreds of public companies in a wide variety of industries.

Is PHOT after A Solid Pop Up? Find Out Here

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