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[Urbanite2]

Cash Now Potential Short Squeeze Play

http://www.antandsons.com/2007/01/cash-now-potential-short-squeeze-play.html

Cash Now Corp. (OTC: CHNW) finished the trading week on a high note, with a surge of volume that came during the last couple of hours on Friday that moved the stock out of the cellar. The latest sub penny stock to garner some attention has done so in typical fashion, attracting micro cap investors with volume and news. The company, engaging in the manufacturing and distribution of customized payday loan and check cashing software, announced in mid-January that it replaced its CEO and announced the resignation of one of its board of directors. Besides re-hauling its management team, the company has re-tooled its business model by announcing entry into the Forex market. A new web site and sales staff is expected to coincide with the entry into the new market.

Quite possibly overlooked in some of the recent press releases issued by Cash Now is management's concern over the erosion of the stock price. The company plans on looking at ways to increase shareholder value and further specifics should come in a "President's Message" press release to shareholders. Just a hunch, but it probably will involve tackling what the company believes to be is "an organized program to short the stock" that is responsible for the devaluation of Cash Now shares. On October 24 of last year, Cash Now announced that it requested a NOBO (Non-Objecting Beneficial Owner) report. The company also reported that it had an institutional financier in place to help put the company in position to purchase as much as 220 million of its outstanding shares. Oddly enough, the company has never followed up on that news, but with new management in place, you can bet that will be the discussion of an upcoming press release that could ignite shares of Cash Now.