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Friday, April 16, 2010

Top April Penny Stocks To Buy ( Coin ) , ( SIR ) Converted Organics Inc. (Public, NASDAQ:COIN) & Serengeti Resources Inc. (Public, CVE:SIR)

Converted Organics Inc. 

(Public, NASDAQ:COIN)
1. ( COIN ) 1.04 a share / Target Price 1.45
Converted Organics Inc. (Converted Organics) operates processing facilities that use food waste and other raw materials to manufacture all-natural fertilizer and soil amendment products combining nutritional and disease suppression characteristics. In addition to its sales in the agribusiness market, it sells and distributes its products in the turf management and retail markets. Operations at the Woodbridge facility processes solid waste and are producing both liquid and dry fertilizer and soil improvement products. A facility in Gonzales is an operational and produces liquid fertilizer products (the Gonzales facility). The facility produces at approximately 60% of potential production capacity to accommodate sales demand. Converted Organics Inc. (NASDAQ: COIN) announced today that sales of its organic fertilizer products and tip fees totaled $811,600 for the first quarter of 2010, a figure that boosts Company sales 65 percent from its reported 2009 first quarter earnings of $492,000. "We are pleased with the significant progress our Company has demonstrated with our first quarter earnings and we are happy to report the elimination of the going concern qualification," said Edward J. Gildea, President of Converted Organics. "We expect to see this growth continue while our priorities remain increasing sales of our organic fertilizer products, expanding through acquisition opportunities, and increasing manufacturing efficiency." About Converted Organics Inc.
Converted Organics (NASDAQ:COIN, www.convertedorganics.com), based in Boston, MA, is dedicated to producing high-quality, all-natural, organic soil amendment and fertilizer products through food waste recycling. The Company uses its proprietary High Temperature Liquid Composting (HTLC) system, a proven, state-of-the-art microbial digestion technology, to process various biodegradable food wastes into dry pellet and liquid concentrate organic fertilizers that help grow healthier food and improve environmental quality. Converted Organics sells and distributes its environmentally-friendly fertilizer products in the retail, professional turf management, and agribusiness markets.A development stage company seeking to use organic waste as a feedstock to manufacture, sell and distribute all-natural soil amendment products combining disease suppression and nutrition characteristics. This is a long term play , and very risky play. However this stock can be rewarding , make your profit and run....

2. Serengeti Resources Inc.
(Public, CVE:SIR)
( SIR ) .33 a share / target price .65
Serengeti Resources Inc. (Serengeti) is a junior mineral exploration company. The Company is in the business of acquiring, exploring and developing mineral resource properties. As of February 28, 2009, Serengeti holds a 100% interest in 20 properties, including Kwanika and 17 joint venture (50%) properties located largely in the Quesnel Trough of British Columbia. The Kwanika copper-gold project is 100% owned by the Company. The property is approximately 94 square kilometers, located in the northern portion of the Quesnel Trough, British Columbia. The Company owns 100% of 19 properties totaling 970 square kilometres, at various stages of exploration and all are located either in the Cariboo, Omineca or Skeena Mining Divisions of British Columbia. reported its intention to complete a 10,000 meter drill program on its Kwanika copper-gold project in the Quesnel Trough of north-central British Columbia. "This planned $2.7 million program provides the opportunity to move Kwanika over the development threshold both in terms of tonnage and grade," said David Moore, President & CEO of Serengeti. "The South Zone offers the potential for discovery of near-surface, open-pitable mineralization," elaborated Moore. The Company expects to have the two-drill program started in early June, 2010. The upcoming drill program will be comprised entirely of step-out drilling to expand the existing resource at the South Zone where 70% of the favorable target area remains to be tested. The Company's previously reported NI 43-101 compliant resources, combining the South and Central Zones, total 1.1 billion pounds of copper and 1.6 million ounces of gold in the Indicated Resource category, and 1.0 billion pounds of copper and 0.5 million ounces of gold in the Inferred Resource category all estimated at a 0.25% copper-equivalent cut-off grade.n addition to the budget for the Kwanika project, $1.0 million is allocated for target development work on other regional exploration targets in the Company's extensive portfolio, as well as funding for new project development outside of BC. Upon completion of this summers' drill program at Kwanika, the Company expects to update the Resource Estimate, followed by a Preliminary Economic Assessment.
The Company also reports that it has been advised by Newcrest Mining BC Limited, that it has elected to withdraw from the Croy Bloom/Davie Creek option agreement. The work completed at the property has resulted in the tenure being extended to 2019.
About Serengeti.
Serengeti is a mineral exploration company managed by an experienced team of professionals with a solid track record of discovery. The Company is focused on the advancement of its Kwanika copper-gold project located in the Quesnel Trough of British Columbia.Serengeti is well funded to advance its projects with a current working capital position of approximately $8.0 million which includes $2.3 million receivable from the B.C. government's METC program. Serengeti has 46.0 million shares issued and outstanding or 51.6 million shares on a fully diluted basis. Quality Assurance/Quality Control
The technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101, and reviewed by the Company's Qualified Person, David W. Moore, P.Geo., President & CEO of Serengeti Resources Inc.
Cautionary Statement
This document contains "forward-looking statements" within the meaning of applicable Canadian securities regulations. All statements other than statements of historical fact herein, including, without limitation, statements regarding exploration plans and other future plans and objectives, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and future events and actual results could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from our expectations are disclosed in the Company's documents filed from time to time via SEDAR with the Canadian regulatory agencies to whose policies we are bound. The company said on Thursday that these appointments are in anticipation of upcoming results from its 2010 drill programme at Kwanika.

Serengeti has retained Andreas Curkovic and GEO Capital to provide investor relations in North America and has also retained AXINO AG to expand its shareholder communications efforts into Europe.

GEO Capital is focused on providing investor relations support to public companies in the mining and natural resources sectors. Also, AXINO is a full service investor relations agency providing an extensive network of contacts to create and support a strong European shareholder following.

The company said that these consultants have agreed to provide these services and report to it on a monthly basis for initial term of six months for a modest remuneration.

These agreements are subject to regulatory approval and all terms will be subject to and in accordance with the policies and rules of the TSX Venture Exchange .The property, which is located in the Quesnel trough in central B.C., has multiple minerals, including copper, gold, silver and molybdenum. According to the release, the aggregate mineral resource by combining the current south zone and previously released results from the central zone amounted to 1.1 billion pounds of coper and 1.6 million ounces of gold in the indicated category. In the inferred category, Serengeti includes 1.0 billion pounds of copper and half a million ounces of gold. his stock will correct quickly in the share price and target is .60cents this 2011 maybe $1, Everyone is getting back in and i told everyone over the past year to just keep buying this stock this is a great junior and great management team with the goods!!
“only 44million shares outstanding”

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