Hi beach. Sorry I missed your post. Wasnt sure if you were trading anymore. Are you beachtrader in some of the mirc rooms?
Mark and I have been watching MCON (I am in pretty heavily myself-200k shares to be exact). Here is a DD letter I put together.
MCON...DD Here’s one you might want to take a look at, Mach One Corporation (MCON). The company has a very small float, 4,300,000 shares and currently trades under $.10. They just announced the acquisition of a high end line of Plasma TV’s. All stock issued on the acquisition is 144 stock, non tradable for 1 year. Since all US cable providers must, by law, provide a HD signal, analog TV’s are going to become obsolete over the next few years.
On June 23, 2003 Mach One Corporation announced the world-wide, private label marketing rights to distribute and sell Plasma TV's being supplied by Global Plasma of ZhaCity, Jiangsu Province, in the People's Republic of China. Currently the TVs are manufactured at facilities in both Taiwan and Mainland China. Global Plasma is reportedly already selling $2M a month in TV's at the time of the signing.
The company plans to persue European markets, as well as, compete in the Canadian and US markets. By negotiating the rights to sell these TV,s the company has put itself in a position to grow fast with minimal overhead costs. The units will continue to be built overseas and the primary costs will be for completed units and shipping. This will allow them to offer extremely competitive pricing against current suppliers like Sony and Panasonic.
An interview is scheduled for this week to be aired at: www.microcapalliance.com
Distribution has already been set up in the European markets and the company anticipates releasing sales figures soon for this. Distribution is also being set up in US and Canadian markets. Company is also in talks to privitize this TV for several companies for sale under there own label with company logos.
With a high dollar product, relatively no overhead, and high profit margins on each unit, it wont take many sales to push the value of the shares up tremendously.
IR is at 1-604-688-2349. Please call for more information. Tell him you heard about this from Bob Kern.
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