Monday Morning Rocker!!!!!
I know you boys are probably tired of hearing this from me but I knew something was up.
NGMC
New Filing After Hours.
CEO Darryl Reed has been buying like a fool the last week. He went from owning a couple hundred thousand shares to owning 2,926,546 shares; and he's on the line for a put option for over 500,000 at .25
There are only 10,000,000 shares outstanding.
They earned .02 per share for the first six months. If they earn another .02 the next six months that's .04 for the year.
A PE of 10 to 15 puts it at .40 to .60
It closed .085 x .10
I can't wait for Monday morning. Take some time over the weekend and do some DD.
"Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 2. Transaction Date (MM/DD/YYYY) 2A. Deemed Execution Date, if any (MM/DD/YYYY) 3. Transaction Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock (1) 9/29/2003 P 47355 A $0.16 1187546 D
Common Stock (2) 9/29/2003 P 1100000 A $0 2287546 D
Common Stock 9/29/2003 P 480000 A $0.16 2767546 D
Common Stock 9/25/2003 P 117500 A $0.05 2884546 D
Common Stock 9/26/2003 P 17000 A $0.08 2901546 D
Common Stock 9/29/2003 P 25000 A $0.105 2926546 D "
Have a Great Weekend Everyone,
Paint