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Saturday, December 3, 2022

Sunstock Inc (OTCMKTS: SSOK) Major Run Northbound as Revenues and Profits Grow Quickly

Sunstock Inc (OTCMKTS: SSOK) is a low float runner that has emerged as one of the biggest runners in penny stocks as of late skyrocketing from $0.07 back in August to recent highs of $2.53 per share. Currently valued at an $8 million market valuation the stock still has plenty of room to grow considering the Company has fast growing revenues recently reporting its best quarter ever with to $3,270,927 in revenues for Q2, 2022, the Company’s second consecutive profitable quarter after earning its first net income in Q1, 2022. Currently OS is 4,126,387 with 1,277,566 shares in the float. 

Sunstock has huge plans as is evident from the Company’s corporate website which states among other things: Announcing Sunstock’s intention to become a pure gold play stock, with plans to own a complete Vertical Integration in the gold industry.  The Company intends to acquire mineral rights and gold mining assets to compliment it’s already strong and growing gold distribution business.  Sunstock anticipates acquisition prices in the $5,000,000 to $10,000,000 range.  The mines it is considering are producing upwards of 60,000 ounces of gold per year.  The cost to mine and refine this gold is anticipated at $1,000 per ounce. The Company will sell at spot price. 


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Sunstock Inc (OTCMKTS: SSOK) is a public company and is involved in the buying, selling and distribution of precious metals, primarily gold.  The Company pursues a “ground to coin” strategy, whereby it acquires mining assets as well as rights to purchase mining production and sells these metals primarily through retail channels including their own branded coins.  The company emphasizes investment in enduring assets that it believes will provide its shareholders a ‘resource to retail’ conversion upside.  Sunstock’s goal is to provide its shareholders with an exceptional opportunity to capture value in the precious metals sector without incurring many of the costs and risks associated with actual mining operations.  The Company is ideally positioned for scale and growth and we have covered this one before here.

Sunstock, Inc. founded in 2012 is based in Sacramento, California.  The Company currently operates one precious metals retail store under Mom’s Silver Shop in Sacramento, California. The Company has plans to raise capital in order to strengthen its ability to grow Mom’s Silver Shop revenues. Revenues for 2019 were over $6.1M vs $2.8M in 2018. In 2022 revenues have continued higher to $3,270,927 for Q2, 2022 the Company’s second consecutive quarter of earning a net income. Sunstock also plans to raise capital in order to acquire or partnership with one or more micro gold mines in order to advance its ground to retail philosophy of becoming a pure gold play. 

Mom’s Silver Shop specializes in buying and selling gold, silver, and rare coins, and is one of the leading precious metals retailers in the greater Sacramento metropolitan area.  We are also partnering with Apmex to sell their inventory in our shop with an online portal available to customers. In order to boost sales, Sunstock has determined that the inventory must be increased in order to draw in even larger investors/customers. The Company believes that monetary policies adopted by the United States, the European Union, China and Japan may cause an increase in inflation. Gold and silver have traditionally served as a hedge against economic uncertainty and high inflation and stock market losses. Sunstock also want to begin selling wholesale to other retailers which will boost sales by $25,000,000 per year, initially.  Potentially this can reach into the $100,000,000s/per year range in just a few years according to the Company’s website located here. 

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SSOK

Announcing Sunstock’s intention to become a pure gold play stock, with plans to own a complete Vertical Integration in the gold industry.  The Company intends to acquire mineral rights and gold mining assets to compliment it’s already strong and growing gold distribution business.  Sunstock anticipates acquisition prices in the $5,000,000 to $10,000,000 range.  The mines it is considering are producing upwards of 60,000 ounces of gold per year.  The cost to mine and refine this gold is anticipated at $1,000 per ounce. The Company will sell at spot price. 

Sunstock plans to hire a designer to produce custom designs in gold bullion coins.  These coins will be in limited quantities of 15 to 30 thousand ounces per quarter.  In addition to selling these limited edition coins through its own retail operations the Company will also sell them through Karat Bar, which has about a 500,000 person sales force.  With prices set at spot, Sunstock anticipates brisk sales.  Compare this to $25 over spot for Canadian Maples or $35 over spot for American Eagles.  The Company foresees a profit margin of $400+ per ounce.  This could net it $45 – $48 million per year in profit at today’s gold prices. 

Sunstock is in talks to acquire or partnership with several assets that could potentially produce very significant revenue over 5-10 years.  The Company is focused on projects that already own significant amounts of unrefined – but already mined – gold ore. 

Sunstock is led by CEO Jason Chang, the Founder, Chairman, Chief Executive Officer and Investor Relations Officer of Sunstock, Inc.  Mr. Chang began his career in the hospitality industry in the family business operating several hotels throughout California.  Mr. Chang has over 20 years of hospitality management experience.  He has excellent communication skills, time-management skills, and overall organizational skills. Mr. Jason Chang is a highly motivated individual who excels at whatever he does.  He has been preparing and researching for this venture for the past few years. His strategic planning and execution make him well suited to lead the Company. 

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Currently trading at an $8 million market valuation SSOK is a low float runner that has emerged as one of the biggest runners in penny stocks as of late skyrocketing from $0.07 back in August to recent highs of $2.53 per share. SSOK has a long history of big moves running to $10 in 2021 and over $20 in 2020. This one has plenty of room to grow considering the Company has fast growing revenues recently reporting its best quarter ever with to $3,270,927 in revenues for Q2, 2022, the Company’s second consecutive profitable quarter after earning its first net income in Q1, 2022. Currently OS is 4,126,387 with 1,277,566 shares in the float. Sunstock is in talks to acquire or partnership with several assets that could potentially produce very significant revenue over 5-10 years.  The Company is focused on projects that already own significant amounts of unrefined – but already mined – gold ore. We will be updating on SSOK when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with SSOK.

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Disclosure: we hold no position in SSOK either long or short and we have not been compensated for this article.

 

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