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I wrote PSSR up a few weeks ago here;
https://www.elementaryvalue.com/home/passur-aerospace-inc-pssr-buying-when-the-future-looks-bleak
Just from a friend in the OTC space. He said a rumour was floating round but it's clearly wrong since he's been buying ENZN through MYRX.
I've written ECRO up here;
https://www.elementaryvalue.com/home/ecc-capital-corp-ecro-patience-is-a-virtue
Scrapped my post as BSEM most likely a crapshoot.
Thanks for reading and for the heads up on TDA allowing trading.
You're probably right about cash burn being lower now they've shut most of their operations down but I figured I'd be conservative with my assumptions.
Not much to do now other than watch and wait.
I think it's a combination of things.
There was a rumor doing the rounds that Couchman had kicked the bucket but recent activity with his various companies shows that he is alive and well.
He's been buying ENZN through various entities including MYRX.
This has prompted a rally in both MYRX and AFFY
Another thing is that some folks have been proposing a cash for tax credits swap as part of the next Corona virus stimulus package. If that happens all the OTC listed NOL stubs like AFFY, MYRX and ENZN will get a nice injection of cash for any tax credits they have on the books.
Interesting,
EESE is another one which you might want to take a look at.
No, it may well be a false break out and the stock could fall back down to support and continue to build a base, if it does it's an opportunity to buy more. The share count on MARPS is only 2 Mil so it is highly illiquid. At some point Oil prices will climb back up and the stock will follow.
I think it certainly warrants watching the chart closely with EXK given the steepness of the upward curve and the significant rise in volume. Watch for evidence of a top forming and be ready to sell into the volume when the rally starts to wear it's self out. At the same time hold on if another temporary base starts to form. If you look back at early 2010 you'll see a correction occurred but support was not breached and no lower lows were made, this was confirmation that a further rise was ahead.
Well done on picking this one out!
I NEVER buy a stock without consulting the long-range chart now. Time and again Ted's method is proven correct to me.
Good job with EXK, it will be interesting to see if we get a consolidation and further move up.
EXK looks very interesting,
The last three times it has bottomed out on the long-range chart, namely 2004,2009 and 2016, have all been followed by mark-ups of several hundred percent.
I've written FULO up here;
https://www.elementaryvalue.com/blog/fullnet-communications-inc-fulo-buyer-beware
I recently bought some VIDE,
It's been building a near perfect base for the last 5 years. As Ted advised, one can expect a 50% rise for each year spent in the accumulation phase.
Can't believe they didn't disclose the amount of the winning bid, I guess we'll find out next week once the paper work is done.
Depends what the amount of the winning bid is.
NOTICE OF SUCCESSFUL AND BACKUP BIDDERS WITH
RESPECT TO THE AUCTION OF THE DEBTOR’S ASSETS
http://www.kccllc.net/nuvectra/document/1943090200228000000000008
Just published a write-up on NVTRQ;
https://www.elementaryvalue.com/blog/nuvectra-corp-nvtrq-to-the-moon-to-zero-or-somewhere-in-between
My write-up on MYRX can be found here;
www.elementaryvalue.com/blog/myrexis-inc-myrx-another-couchman-nol-stub
Applying a 21% tax rate and assuming only 25% of the NOL's get monetized yields an intrinsic value of around $0.21 per share.
Over 9x the current share price.
Sooner or later something happens here. It's just a question of waiting.
I've written AFFY up here;
www.elementaryvalue.com/blog/affymax-affy-a-couchman-controlled-nol-stub
ORGN are liquidating;
www.prnewswire.com/news-releases/origen-financial-announces-dissolution-of-company-300979565.html
They will be paying out between $0.10-0.12 in Q1 of 2020.
I've not got in touch with management yet but I've written the company up here www.elementaryvalue.com/investing-blog/origen-financial-inc-orgn-nol-stub-trading-below-net-cash
My write-up on PPMT can be found here;
https://www.elementaryvalue.com/investing-blog/profit-planners-management-inc-ppmt-uncertainty-and-potential
My write-up on MFCO can be found here;
https://www.elementaryvalue.com/investing-blog/microwave-filter-co-inc-mfco-a-pink-sheet-nano-cap-with-undervalued-assets