Morning Patsy.Here's some stocks to watch./
New Watchers
GSV, Inc. (GSVI: .15) closed up .02 or 15% on volume of 17,400 shares. The average daily volume is roughly 1,000 shares. The stock structure is reported as roughly only 1.7 million shares outstanding with 1.3 million shares in the public float. The Company apparently has a book value of .74 with cash position of $1.4 million. This amounts to .80 per share in cash. What is the stock price doing way down here in the teens? The 52-week range is .03 to $1.02. The Company does not put out news. Although a well informed source told us the Company is a shell, here is what we have officially:
GSV, Inc., through its Internet incubator operations, attempts to identify and develop attractive early-stage Internet companies, and to provide these companies, as needed, with management, marketing, financing (including early-stage seed capital), human resources, accounting resources, use of the Company's facilities and its expertise in business development. In exchange for these services, GSV has sought to obtain equity positions in these companies commensurate with the level and nature of services provided and the state of their development. The Company was an online consumer and direct response retailer until February 2000, when it changed its core strategy to that of an Internet incubator. Consistent with the change to its strategy, GSV discontinued its two online retailing divisions, Cybershop.com and electronics.net, in February 2000 and May 2000, respectively. In August 2000, GSV sold its remaining retailing subsidiary, Tools for Living.
We have never seen a stock structure this tiny. What is the catch? The bottom line is if this information is correct and some buying comes in without selling this stock could be at $1 in no time. The chart shows a stock that just popped. We will keep you informed.
Gatlin Holdings, Inc. (GTNH: .15) closed up .01 or 6% on volume of 365,000 shares. The average daily volume is 65,000 shares. The stock has been ticking up after recently hitting an annual low of .07. The 52-week range is reported as .07 to $53. Gatlin Holdings announced on Friday that it has completed its first four acquisitions and is focusing on getting each company to its next phase of development:
HTTD, with its T-5 injectable formulation of tubercin, has retained the services of a respected QC/QA Director with over 30 years of experience in the pharmaceutical industry to locate a top drug manufacturer for tubercin.
EManager's R&D team is reviewing a new release of the communication chip set that will reduce the cost of the set by 50% and reduce the size significantly. The chip set is also more powerful, increasing the future functionality of the product design.
Venture Biodiscovery has received and installed the last of its scientific equipment and instrumentation and is preparing for certification.
AmHome is adding a marketing specialist to its management team who will work directly with real estate developers. The company is positioning to break through the $600K revenue figures reached in 1999 and 2000 by launching a focused marketing effort.
Gatlin says it is an opportunistic business specializing in the acquisition of entrepreneurial companies in need of infrastructure, funding, and public relations services. Gatlin has put out a lot of press releases since the first of the year. The stock structure is reported as 10.6 million shares. The Company has little or no cash but an insider recently filed an S-8 (an SEC filing) to sell 1.5 million shares. A look at the chart shows a stock trying to climb higher out of a rut. The next couple of days will be interesting.
We frequently release new watchers during the trading day.
Previous Watchers
Saloman Alliance Group (SAGE: .19) closed up .03 or 19% on volume of 120,600 shares. The volume continue to pick up. The average daily volume is 66,000 shares. We have been talking about this stock now since the .08 area several days ago, so Premium Service subscribers have seen another 100%+ gain in a short period of time. Solomon Alliance Group Inc. is a development stage company with plans to become a comprehensive end-to-end provider for voice and data communications solutions. The Company plans to develop its business through its existing subsidiaries, strategic alliances and additional acquisitions. All of the Company's current revenues are derived from the products and services it offers through DRN Inc., a reseller of telecommunications equipment. DRN provides telecommunications network solutions to growing technology companies through its sale of terrestrial and satellite based communication infrastructure products and services. DRN sells a wide variety of new and refurbished telecommunications equipment, including VSAT equipment, multiplexers, modems, routers, and many types of network-access hardware.
The Company has had no press releases since October 9, 2001, when it announced that it had agreed to enter into a long-term supply agreement for the supply of Solomon’s proprietary wireless systems to Digital Broadband Networks, Inc. (DBBN: .075)
The chart shows a stock certainly continuing to move up off of its 52-week low of ..065. The annual high is .39. The total shares outstanding are reported as 22.2 million shares with 10 million shares in the public float. We said it looked good for a double and we were certainly right. We also said it needs to test the .20 area in order to continue to climb. The best part of this whole situation is that there have been no press releases.
APO Health, Inc. (APOA: .14) closed up .02 or 16% on volume of 62,000 shares. The average daily volume is 38,000 shares. We were about to take this one off of our list but it started ticking up. Total outstanding is reported as 23.5 million with only 7.8 million in the public float. APO Health, Inc. says it distributes medical, dental and veterinary supplies that are manufactured by others. These products include protective garments, such as disposable isolation gowns, face masks and gauzes, as well as other medical disposable items including latex gloves, needles, syringes and health and beauty aids. Products are marketed and sold primarily on a wholesale basis to other distributors (approximately 70% of total revenues), directly to doctors, dentists and veterinarians (approximately 25% of total revenues) and to others, including to consumers and through export to foreign countries (approximately 5% of total revenues). The Company obtains its products from third-party manufacturers and suppliers. On June 13, 2001, the Company formed through a reverse acquisition between APO Health, Inc. and InternetFinancialCorp.com, Inc.
For the three months ended 12/31/01, revenues reportedly rose 7% to $6.8 million. Net income fell 37% to $61 thousand. The Company apparently has a book value of .06. Its cash position was recently reported as roughly $579,000. The stock is near its 52-week low of .10. The annual high is $3.30. At the beginning of 2002 the stock was in the .50 area. The chart shows a stock poised for a turnaround. The next several days could get interesting and we will continue to watch it. It looks good for a double.
DBS Industries, Inc. (DBSS: .37) closed up .03 or 8% on volume of 437,300 shares. The average daily volume is 87,000 shares. There appears to be some accumulation going on in the stock. Total shares outstanding are reported as 23.8 million shares with 16.7 million shares in the public float. Here is some information we received from an Internet source:
”DBS Industries, Inc. is a telecommunications company dedicated to providing a low-cost satellite-to-Internet data messaging service to and from remote locations. Through its ownership interest in E-SAT, Inc., the Company is the only company currently licensed by the FCC to provide commercial two-way data messaging services using the code division multiple access (CDMA) technology and Little LEO, low-earth-orbiting satellites, known as the NewStar System. The Company expects to begin providing its data messaging services in 2002. The Company's initial target market is data collection and communications with energy meters in hard to access locations.”
The chart shows a stock trying to spike higher off of a low. It is trading almost straight up now. In our last report we said the stock would be good to .50. We saw that on Friday, so what will it do now? Will the volume and buying be strong enough to drive it higher? Or will we see a situation like TRVL where we had a quick 100% gain and then immediate collapse? The 52-week range for DBSS is .05 to $1.07.
Asdar Group (XBET: .335) closed up +.005 or 1.5% on volume of 575,000 shares. The average daily volume is 657,000 shares. In January 2002 Asdar Group said it acquired the right to purchase 31.6% of Toronto-based Biotechnology Company, ACGT Corporation, with the ability to acquire a further interest as warranted by the developments of ACGT. Asdar has purchased the rights, title and interest in this transaction from third parties in exchange for the issuance of 8 Million restricted shares of Asdar. Asdar has committed to provide ACGT with US $5,000,000 over the next 8 months for corporate development and working capital. With this US $5,000,000, ACGT says it can expand its current revenue at full speed, as well as its research and development. ACGT says it operates in a $20 billion dollar market and has a proven, capable management team with the skills and focus necessary to capitalize on this market.
We are currently watching for a breakout above the .35 area. The stock has been trading sideways on huge volume. This is indicative of an accumulation phase accompanied by lots of selling. Having said that, the stock is just off of its 52-week low and still holding up. The annual high is ..94. A move to the .50 area is certainly possible from here and we are watching. It is strange how it is trading sideways and is having so much trouble breaking out. Someone is certainly selling, but there is enough buying coming in to keep it from tumbling. Interesting. We will continue to watch and notify you via alert of an intraday breakout.
Magnitude Information Systems Inc. (MAGY: .13) closed down .0025 or 2% on volume of 5,200 shares. It had traded as high as .14 this past week. We told you about it at .12. The average daily volume is 76,000 shares. Magnitude markets an integrated suite of proprietary software modules under the name ErgoManager. The modules are designed to help individual computer users and businesses increase productivity and reduce the risk of potentially preventable repetitive stress injury (RSI). These software modules can be applied individually or together in a comprehensive ergonomic and early intervention program that seeks to modify a user's behavior by monitoring computer usage patterns over time and warning the user when to break a dangerous trend in repetitive usage of an input device, such as a keyboard or mouse.
The total outstanding is reported as roughly 25 million shares with 13.3 million shares in the public float. Like the typical premium service Stock to Watch, the Company has had no press releases for months. The chart pattern shows it trying to come off of a bottom. Why the huge volume right out of nowhere? This looks like 100% is certainly possible. It is a slow mover but keep in mind the slower they move the more likely an upward move is sustainable. If the current trend continues .20 is right around the corner. With a high-powered press release and some strong buying it could move much higher. We will continue watching this one.
Palamar Enterprises, Inc. (PALR: .11) closed down .01 or 8% on volume of 198,000 shares. The average daily volume is 46,000 shares. The Company recently announced that it has appointed a former Citicorp executive, Mr. John Cavaiuolo, to the Board of its new debt acquisition venture.
Mr. Cavaiuolo apparently has over 40 years experience in the Financial Services and Information Business. Throughout his career at Citicorp, he held a variety of senior line management and senior staff positions encompassing consumer, commercial and investment banking; and information and technology operations. Some specific areas include the management of: Citicorp's Specialty Merchants private label credit card business, Citicorp's consumer bank operations including the consumer and student loan portfolios, and the Citicorp POS information business.
The Company said today his breadth of experience at Citicorp and as a consultant spans several disciplines; business management and strategies; production management, customer service and credit cycle management; branch banking, distribution and payment mechanisms; technology organizational analysis, reengineering and cost containment; crisis management financial systems and control.
Mr. Cavaiuolo completed his undergraduate work in Business management at St Johns University and completed his graduate work in marketing, finance and business strategies at New York University and the Harvard Business School.
Regency Horizon Corporation is a newly formed financial services company created by PALR to provide funding for a growing portfolio of non-performing debt from previously non-locatable debtors. The company intends to build its portfolio of acquired debt, and through managing collections, return exceptional profits on a proportionately small capital investment.
Management has recently entered the pre-acquisition phase by reviewing and scoring available debt portfolios from the nation's leading banks. Upon receipt of funding, Regency Horizon expects to acquire its first traunch of debt at a substantial discount.
Through its arrangement with People Locator Inc., the nation's leading debtor information provider for non-locatable debtors, Regency Horizon intends to acquire and collect on a specific debt portfolio. Given the current economic climate and with consumer debt at all time record levels, the company says it intends to be immediately successful in this burgeoning industry.
The total shares outstanding is reported as 46 million shares with 9.4 million shares in the public float. The chart shows a stock that has just broken out to the upside. A move to the .25 to .30 range within days would not surprise us. On the other hand we received an interesting email on Friday from a source that has not proven too reliable in the past. The source told us this company is his client. We thought “swell.” The stocks this person provided to us in the past collapsed. Therefore, we won’t give PALR much time on our list if it doesn’t show some immediate strength on Monday. The 52-week range is .03 to .65.
Removed Today
Bach-Hauser, Inc. (BHUS: .035) closed down .02 or 36% on volume of slightly over 1 million shares. The chart shows a stock on a bottom formation with an attempt to recover. The 52-week range is ..02 to .13. It appears to be a shell play. It did look good but with the recent weakness we prefer to watch it from the graveyard. I am sure we will be hearing from it again. A move to .10 is highly likely at some point.
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