Funr (FUNR)

[SharonB]

Paunch13: At the risk of sounding repetitious, this company does NOT match the persona of a typical pink sheet company.

1. The Outstanding shares have been reduced, not increased which is a tactic most pinkies take for various reasons.
2. The latest increase in share distribution was in restricted share form. The reason is unknown to me. I suspect it was part of an incentive package to the new CEO and President, Mr. Kadrija Hamzic and perhaps the outgoing executive.
3. The time, effort, experience, and contacts acquired by management over the past year could well prove to be extremely valuable to Innotelco. The Maghreb region is growing rapidly; becoming more attuned to world economics and politics.
4. An area where it does look similar to pinky shares is in the price per share. At .0012 this looks very attractive to a speculator such as me. This is an opportunity to gather a good sized bucket of shares in a moderately skimpy number of outstanding shares.
5. The trading volume is small, but the pps rises substantially with little relative buying pressure. To me that represents a solid core of long shareholders who will not sell at these low levels or to put it another way, a low float. This is what I call risk to reward. I feel the reward far outweighs the risk and will add to my holdings in the future.

SharonB