Friday, August 31, 2007 8:36:54 PM
Just stumbled across this stock while surfing Ihub, looks almost to good to be true, a profitable company with the lowest PE I have ever seen, what seems to be a very good product, low OS, huge insider ownership, agreement already in place with 2 big companies and a recently received waiver which opens up the marked for up to 189000 outlets.
So what gives, why is the company trading at such a low price, is this just because we are on the OTC or is there something else to be aware of?
I have read through all the messages posted (thanks everybody for all the excellent info) but haven’t found anything worrying so far, not in the sec fillings either.
I will continue my DD, and if I can’t find anything worrying over the weekend, then I will probably take a small position next week.
Besides that, does anyone happen to know the sales and manufacturing cost of these test devises, i.e. profit margin, I can see in the filing that they will share the profit equally after manufacturing costs are covered, but would like to know any prices if anyone knows.
Have a nice weekend
TIA
A.H
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