Shares Outstanding 2,030,876,454 a/o Jun 30, 2010 Float 158,732,189 a/o May 31, 2010 Authorized Shares 2,200,000,000 a/o Jun 30, 2010
Float is only 158 million. Also from their Q2 2010 result
"Q2 Revenues were $2,972,392, an increase of 37% over Q2 2009 and an increase of 13% over Q1. EBITDA was $241,195, a decrease of 35% from 2009 and a decrease of 38% relative to 2010 Q1. This is due to the addition of Dan O’Reilly as our Controller, the $81,838 spent on the audit and accounting, and the VPP product marketing initiatives.
Year to date revenues are $5,595, 551. This is on pace to exceed our revenue goal for the year of $10,800,000. EBIDTA for the year is $629,448 which also is well on pace to exceed our EBIDTA goal $1,000,000 for 2010. Even with the increased costs in Q3 and Q4 to deliver and support our new VPP product, we expect to meet our EBIDTA goal."
2010 Q3, Q4 and Annual reports are expected soon as per the PR on 1st Feb, 2011.
$10 million total revenue and Profitable penny stock is very hard to find. This is one of them. In my opinion, when the Investors take a note of this undervalued stock, This will be $0.01+ stock.
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