$1 1.2 MM float NASDAQ stock EXPLODING $4.75 last year
Beaten down low float stocks are EXPLODING, and GLOV:NASDAQ ($1.1) has the lowest float of any of them.
GLOV has a huge market, medical and industrial gloves. GLOV soared last year during the bird flu and SARS scares due to the associated demand for medical gloves.
GLOV was $4.75 last year and is now in best shape in years:
-Just got $3 MM financing at end of June (this was AFTER Auditor signed off the "Going Concern" qualification in mid June, GLOV is now healthy financially).
-Near trading close today GLOV reported approval for continued NASDAQ listing.
- In its 10 K GLOV states that it is slashing costs and introducing higher margin products should provide positive cash flow by mid 2007.
-GLOV trades at a 2 % of Industry Price/Sales ratio (Price/Sales ratio of 0.07 compared to 2.7 Industry average)
-The financing has a $1.60 CONVERSION PRICE- you can buy GLOV at a discount to Insider purchases.
GLOV has all the ingredients for rapid price appreciation, tiny 1.2 MM float, healthy financial position, trading at a 98% discount to peers it won't trade at these levels for long.