Circle Star Energy (fka CRCL)

[ash111]

The most undervalued profitable OTCQB stock out there These days.Reported over $1m net profits vs almost $10m loses for 9 months,and was trading 2-2.5 dollar in early 2012 on same 100m A/S,while past 2 q reports and the balance sheet much better now.

FROM 10Q:AMAZING IMPROVEMENTS:Net Income $ 1,566,415 vs $ (1,568,882 ) for 3 months.


Net Income 9 MONTHS $ 1,089,117 VS $ (9,374,799 )

CASH End of period $ 772,489 VS $ 147,831


The oil$gas production increased,CASH up 6 times,Accumulated deficit dropping,current liabilities down,more than 1m dollar net income vs big loses before,only 100m A/S.

PV on Net Income $ 1,566,415=23m dollar, or 23 times current MV.
$23,304,299=PV(3%,20,1566415)

SOS confirmation on same 100m A/S" http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=GelZJmUFJD%252b8H6H4P6yvwg%253d%253d&nt7=0

they really generate rev. from oil and gas production:
“Production volumes increased, primarily due to the addition of two wells during the fiscal quarter ended October 31, 2013.”

INSIDERS BOUGHT at .05 and added more 4.1m shares recently.

I spoke with an old friend,an Accountant,asked him about the balance sheet and latest Results.the good news,he said that results looks pretty good based on the History,but i should wait for the next financials before he get more Conclusions.