My due diligence i have completed so far
Total Shares 52 Million
Float Shares 37 Million
A device is coming that will allow for portable THC testing http://otcaware.com/enherent-thc-device-las-vegas/
A merger with a Dynex which makes laboratory equipment as seen here, presumably with the help of IBM ? https://www.youtube.com/watch?v=O-91VKP4HLs
Enherent says "As part of our longstanding commitment to deliver tangible business benefits and maintain the highest level of customer satisfaction we continue to grow and adapt our organization to improve our service capabilities. On April 1, 2005 Dynax merged with enherent Corp. Sharing common values, complementary strengths and a client-centric approach, the merger doubled the size of our company, increased our geographic coverage throughout the Northeast, and fully leveraged the synergies of the combined companies, including:
An experienced and stable regionally based management team
Over 220+ experienced business and technology consultants
Offices located in New York, Connecticut, North Carolina, and Washington, D.C.
A top-secret facilities clearance
Our new corporate profile, combined with our 14 year history as a Premier Level IBM Partnership, uniquely qualifies us for enabling organizations to transform and succeed in the On Demand business environment. By capitalizing on the opportunities these IBM technologies create, our customers have streamlined their businesses for speed, efficiency, and cost reduction. "
After observing life in the shares of the company since March without being able to find any news there was a tweet from the company which said
"Very excited to be back with the help from our partners at IBM. Thank you so much these past years for your help to complete Delta."
Next I found they announced in a tweet they plan to show this product in November at a trade show,
Enherent to unveil what we believe is the most significant testing device for Police since the taser; November 17th in Las Vegas MBC&E $ENHT https://twitter.com/EnherentCorp/status/785918237095501824
There has not been any information about this company I can find for several years and the last information I could find was their filing to go into dark reporting because they did not have enough share holders to justify being public.
Is this changing now?
Dynax Solutions Inc
Own This Business?
Dynax Solutions Inc is a privately held company in Syosset, NY and is a Single Location business. Categorized under Computer Consultants. Our records show it was established in 2007 and incorporated in New York. Current estimates show this company has an annual revenue of 4,700,000 and employs a staff of approximately 40.
6800 Jericho Turnpike # 204w
Syosset, NY 11791
Phone: Show Number
Enherent Corp is a publicly held company in Syosset, NY and is a Headquarters business. Categorized under Help Supply Services. Our records show it was established in 1989 and incorporated in New York. Current estimates show this company has an annual revenue of $10 to 20 million and employs a staff of approximately 50 to 99.
So the company has a combined revenue of several million dollars annually. If you take Enherent on the low side of $10 Million ad Dynex at 4.7 thats roughly $15 Million annually.
As of today the market value and other figures are showing as follows:
Range 0.01 - 0.01
52 week 0.00 - 0.01
Vol / Avg. 53,000.00/93,724.00
Mkt cap 368,810.00
Inst. own 4%
As I read through some of the previous posts there was speculation about something brewing 8-9 months ago and now there is clear confirmation from what I can see.
If the company is to have a share prices that reflects the actual business they are doing of (15 million)the share price would be .29 today.
Couple that with a product coming that tests thc for impairment purposes and the stock would have to increase by 4362% from current level. Even if it did half that much I would never have to trade a microcap stock again.
In conclusion, there's no doubt been loading by the insiders. I've never seen an example of a stock move up like this for such a long time unless something huge is really about to happen so I plan to start buying as soon as my funds clear for penny stock purchases.