GRNH, INKND, BONU, ARYC, DLTZ, VTPI, LMCO, WLSI, LRUSF, FNXCE

I don’t know if “pennystockapalooza” is a word….I just like how it sounds.  The word Lollapalooza means “one that is extraordinarily impressive”.  I don’t know if any of these penny stocks are extraordinarily impressive, but they are fun nonehteless and have a great potential for gains.

Don’t forget to sign up for my periodic alerts on small cap, micro cap and penny stocks.   When you sign up for alerts from my site, you will receive stocks from 1 cent to several dollars.  My focus is finding small cap and micro cap stocks that look like they are ready to move. Sign up today! You missed LMCO which was up over 70%. Lots of opportunity for gains on Investor Soup.

GreenGro Technologies Inc. (OTC: GRNH) was down yesterday 32.43% to $0.125. It was down another 20% today.  The company has recently announced that it has received a conditional approval for a medical marijuana license in San Diego. (OTC:GRNH), ($GRNH)

This is a brand new company, non-reporting with no info other than a few PR releases.  In other words…it is a great penny stock play!

Medical Marijuana is smoking!  A USA Today article pointed out that 15 states allow it currently and 14 more are considering allowing medical marijuana.  You just have to pick the right horse to back in this race.  GRNH might not be it.

Shrink Nanotechnologies Inc. (OTC: INKND) was up yesterday 36.59% to $0.280 on above-average volume. (OTC:INKND), ($INKND)

Today, INKND was up another 30%.  this is a story of a company putting out what seems as credible news with exciting technology that  is capturing the imagination of the Street.  INKND’s solar technology seems to have a HUGE potential.

BioNeutral Group Inc. (OTC: BONU) was up Monday 18.18% to $0.520. The company has announced that its Ygiene™ hospital-grade antimicrobial has passed the stringent sporicidal GLP test requirements for hospital and medical environment sporicide efficacy claims in Canada and Australia. (OTC:BONU), ($BONU)

I think that BONU will be big some day…the question is “when?”  BONU was down today as some profit taking happened, but not too much.  BONU might be one to put back on your trading radar.

Arrayit Corp. (OTC: ARYC) is up 31.25% to $1.05 on above-average volume. (OTC:ARYC), ($ARYC)

Delta Mutual Inc. (OTC: DLTZ) $0.430. The company has announced the acquisition of a major lithium deposit in an area of North Guayatayoc, Argentina.(OTC:DLTZ), ($DLTZ)

Vital Products Inc. (OTC: VTPI) is down 17.65% to $0.0014. The company has said that its sales for the quarter ended April 30, 2010 are expected to exceed $250,000. (OTC:VTPI), ($VTPI)

The company flat on light volume.  Sellers hammered the stock for the past two days and I don’t see much hope for it in the near term.

Li-ion Motors Corp. (OTC: LMCO) was up Monday by 15.85% to $1.90. The company has announced that it will participate in a one week shakedown event of technical inspections, safety inspections, durability testing and efficiency runs at the Michigan speedway. (OTC:LMCO), ($LMCO)

LMCO, one of my past alerts, has a real chance to be more than a fringe player in the EV business.   However, they suffer from a chronic lack of funds and that will hamper their efforts to get to production levels that make the company viable.  They have some great designs and some nice tech.  I am rooting for them.

Wellstar International Inc. (OTC: WLSI) is up 14.29% to $0.0008 on above-average volume. (OTC:WLSI), ($WLSI)

Lorus Therapeutics Inc. (USA) (OTC: LRUSF) is up 11.11% to $0.104. The company has announced the allowance of a new patent in Australia for its clinical-stage drug LOR-2040 in the treatment of Acute Myeloid Leukemia (AML). (OTC:LRUSF), ($LRUSF)

Fonix Corp. (OTC: FNXCE) is down 33.33% to $0.0002 on above-average volume. (OTC:FNXCE), ($FNXCE)

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