Current Price: .0049 Outstanding shares: 180 million Float: 62 million 52 week high: .0349 (11/15)
Our featured pick is OVMS, Ovation Music and Studios Inc.. OVMS is a fully reporting OTC stock listed on the OTC Markets as PINK (Current). From a recent filing:
The company derives revenue through three different venue streams:
1) Musical instrument sales and repair. 2) Band rehearsals and space rental. 3) Musical instrument training/lessons
OVMS aspires to be the next Sam Ash/Goody in the musical instrument retail space. The company has positioned itself well within that arena by recently expanding to the Tennessee area with eyes on franchising some of its' future planned stores. The company seeks rapid deployment and roll out of its franchise business model and also in growing organically with multiple brick and mortar locations throughout strategically placed locations, centric to the music industry. The aforementioned business model has long been the vision of the company's management and in particular its' CEO.
Through aggressive advertising, smart location placement and franchisee opportunities it is easy to see why OVMS is extremely undervalued relative to its' future opportunities, business plan and growth potential. With only approximately 60+ million shares in the TRADEABLE float, and many news catalysts coming its' way, as the company wants the investing public to know about its' story, it is only a matter of time before this stock trades at MUCH higher valuations. A return to the 52 week high and beyond is not only attainable, but easily foreseeable.
In summation, look for OVMS to make expeditious and strident moves up in its' stock price as the company starts to roll its' strategy out there for the investing public to see and verify. The company's management is transparent, responsible and excited about the company's prospects. Look for a number of announcements to immediately ensue.
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