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Re: None

Friday, 04/16/2010 12:02:09 PM

Friday, April 16, 2010 12:02:09 PM

Post# of 37364
In answer to the following question on another board: "Well, what's with the volume increase?" 45 minutes ago
Volume increases usually precede price rises.

I'm not sure I understand the unusual financing via 19 million in notes (3-19 PR)but it gives them incredible stats, as per their unaudited financial statements(released early-in Feb-a good sign)

and,as reported by yahoo(key statistics)incredible price/book of .01(meaning stock price is only 1/100 of book value(incredible good thing-only seen such ratio this low once before(NWMT),

no debt (extremely unusual for sub-penny),excellent current ratio of 6.9(current assets exceed current liabilities by 6.9),book value .086(share price only ca .0011 now),reasonably low float ca 90 million,reported net assets of ca 56 million(excellent for any sub-penny)and reported available financing of 15 M via unissued notes(not stock).