Wednesday, March 25, 2015 4:42:02 PM
ALGA just got DTC Eligibility. It will take a little time for all the brokerage firms to digest the Eligibility and let clients trade.
Watching on level 2, I see new Market Makers on the stack that I've not seen in the last three months (maybe even further back).
On level 2, I see new Market Makers on the best bid and offer that I have not seen before.
The buying interest in my opinion is improving based on what I have listed here.
I like Dear Mary Jane Doe's Comparable Analysis. She is noting an average market cap of $55m for penny stock companies similar to ALGA. Take the ALGA I/O and divide that by the average market cap and you have a PPS of $1.11. Take potential dilution into account and dived the average market cap by twice the I/O and you have a PPS of $0.56. Discount the average market cap by 50% and divide by the I/O or twice the I/O and you have a $0.28 to $0.56 PPS.
No matter how you slice it, ALGA is way, way, way, undervalued ... according to Mary Jane ... and I think she's right.
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