Replies to post #169540 on Value Microcaps Motherboard

[geodan]

Hi SS, thanks for post. BWMG is an unusual company as a stock very nanocap. The sales were down as in 2015 they sold a "high pressure system" a tank refilling system, those sales are less than once a year, not one in 2016. But their main product, hookah dive systems is up 7% Yr/Yr and they went book value positive so I see it as turnaround. They have been selling them for over 40 years, with some new versions like battery powered ones now. They now have lower overhead than in past.

They reduced expenses and the CEO takes no salary, so unlike 90% of penny stocks, it is not a scam.

BTW do you know of another company that is truly a value stock that is under $2 million mkt cap? I am interested, size does no scare me, bad financials do.

[geodan]

After reading your intro section very much agree with you. The greatest waste is investors not being able to understand financials, then buying stocks that are destined to go bankrupt. The most popular boards on Ihub specialize in those worse than worthless stocks, like BB haven.

SUNE is an example of that, billion dollar plus mkt cap company that had to go bankrupt even though big brokers had buys on it, and MoneyMap told people it would make them rich.

Wrote an article about that on IV, if you are interested: http://www.investorvillage.com/smbd.asp?mb=17989&mn=9&pt=msg&mid=16595128