check this out!!!
What if we told you that it was possible to buy shares of a billion dollar corporation for under a dollar? With CEMJQ, it has been made possible and right now is the perfect time to buy.
According to recent filings, the book value is resting at $1.47, while CEMJQ is trading in the .60s. That immediately shows just how undervalued this is. Read below to find out why this could be your next big winner.
Assets are greater than liabilities. BV= $1.47. Bankruptcy was filed due to liquidity, which puts this Q stock in much better shape than most. This includes profits being posted the past few months.
Pending Asset Sale- There have been filings showing that 3 companies are currently interested in purchasing divisions of Chemtura.
A bit over a month ago, this hit $1.48 and after a month pullback and consolidation, this is ready to rock again. CEMJQ bounced of the 200 DMA and has had strong buying return.
Over 40% of the O/S (242.65 M) have been locked up by Institutions, Mutual Funds and the Chemtura Stock Alliance. This includes Strategic Value Partners, L.L.C. who bought 21 million shares in the 70-90 cent range.
There have been many talks about the formation of an official Equity Committee and an Ad-Hoc Committee has already been formed. If the request for an official EC is granted, it will be blue skies.
Trading looks much like PGPDQ, the king of Q stocks.
These are all great reasons why we believe that CEMJQ still has legs and will rebound from its current share price. The tight trading range and heavy volume has shown us that CEMJQ has hit it's support and is looking for a rebound. Check out CEMJQ performance history on Fridays, it is time to get in now. Please email us with any questions or comments at admin@pennystockwarriors.com.
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