As further comment and general explanation, read the following post. This could become a really good stock in a growth portfolio... the market niche is a rapidly growing market segment and the company has a profitable position now:
Posted by: Cee-It
In reply to: dart1961 who wrote msg# 15271 Date:2/27/2008 12:01:01 AM
Post #of 15287
Dart - The Case for EPRS..
You are probably right that tomorrow will be a "blood bath" for EPRS... HOWEVER, this is one I will buy during that time rather than try to sell.
I fully realize you are living on the TA. In this case, I'm looking at the merit of the value.
This company turned to profitable a few months ago. Then, a lender made an offer (greedy is a kind word for it) that included a provision to take the company private.
They PR'd the lending info along with a "plan" to do a R/S of 1000 to 1 as part of a method to pass the requirements of SEC Rule 12g5-1 (maximum of 300 shareholders)... and the price started falling like a ROCK...
HOWEVER, as evidenced by volume on Feb 8th, there is now the probability (IMO) that the SEC will scuttle their plan and prevent the nonsense. So, we have a major gain due for going profitable and a major recovery due for the R/S and privitizing matter.
IMO... this is a BUY until it reaches the .15 cent range and then perhaps a hold for closer to .50 cents.
As further background, the "FINAL REPORT OF THE ADVISORY COMMITTEE ON SMALLER PUBLIC COMPANIES TO THE U.S. SECURITIES AND EXCHANGE COMMISSION" recommended to: "Amend SEC Rule 12g5-1 to interpret “held of record” in Exchange Act Sections. 12(g) and 15(d) to mean held by actual beneficial holders..."
This means the SEC will frown on attempts to remove shareholders and then use the "street name" argument to sell the fact there are less than three hundred when there are probably thousands of "beneficial holders" and THE NUMBER IS GROWING.
AJMO - GLTA and go EPRS
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