All of us at Pinnacle Digest would like to congratulate the champion of our first Stock Challenge 3.0 contest, long-time member ‘Avispa’! The member of many, many years took home first-place after achieving an average return of 64.86% this month!
While Avispa’s first pick, Imaging 3 Inc. (OTCQB: IGNG) provided him with a solid return of 27% for the month, Avispa’s victory is largely due to his killer pick of Kraig Biocraft Laboratories Inc. (OTCQB: KBLB), a U.S. biotechnology company focused on the development and commercialization of spider silks.
Lighter than cotton but stronger than steel, spider silk continues to grab headlines. Check out The Steel Strength of Featherweight Spider Silk, to learn more.
Kraig boasts that its recombinant spider silk fibers are lighter, stronger, and more flexible than traditional materials. According to the company, it offers unmatched material performance with sustainable and ecological manufacturing practices.
Kraig Biocraft Laboratories soared 100% from the close on the last day of April to the close of trading on May 31st. The stellar performance saw its shares rise from $0.14 to $0.28 on the month. It managed to hit a new 52-week high of $0.49 on May 14, 2019.
Just one-week before hitting its 52-week high of $0.49, Kraig Laboratories Labs signed a new 5-year lease for a production facility in Vietnam. Moreover, the company announced a “breakthrough” in its spider silk production process, just before the end of this month’s challenge on May 30, 2019.
Via Kraig Biocraft Laboratories,
“This breakthrough has powerful ramifications that affect the core of how we develop future spider silk materials,” said COO Jon Rice. “These newly confirmed transgenics mark a revolutionary advancement in capability of our spider silk materials. The new tools developed by Dr. Kane and our research team will allow us to target commercial markets that were not originally on our radar.”
Congrats Avispa! You have won the first round of Stock Challenge 3.0! The silver bullion and Pinnacle swag will be in your possession soon. It feels fitting that you take first prize, given how long you’ve been a supportive member and a competitor in our Monthly Challenges!
Member ‘Cal’ Chases Avispa for Second Place
Avispa’s win wasn’t guaranteed though. In fact, it was neck-and-neck between him and ‘Cal’, another Stock Challenge veteran who finished second in this month’s challenge. Cal came feverishly close to first place with an average return of 62%, while long-time member ‘Rocketred’ snuck in behind him in third-place with an average return of 47%. Both of you will be rewarded for your efforts and strong finish!
To this month’s champion Avispa goes 10 ounces of silver, a Pinnacle Digest golf polo, and the prized ‘Stock Challenge Champion’ hoodie! You deserve it champ.
To our second place winner Cal goes 5 ounces of silver and a Pinnacle Digest golf polo, and to our third place winner Rocketred goes a Pinnacle Digest golf polo—just in time for the summer golf season!
Nate6, This Month’s Honorable Mention
Member ‘Nate6’ deserves an honorable mention this month, having come just a couple percent shy from cracking the Top 3. While Nate6 soared with Sirona Biochem Corp (TSXV: SBM) +104%, Max Resources’ (TSXV: MXR) -20% decline brought him back down to earth. Don’t sweat it Nate6. We’ll get ’em next time!
It was great to see so many familiar names return for Stock Challenge 3.0. If you’re new to Stock Challenge or you just haven’t signed up yet, make sure you do so here as soon as possible to reserve your stock picks.
We look forward to cheering you all on in the June 2019 Stock Challenge!