I'm more of a chart guy personally and once I find a chart I really like, I try to do some dirty due diligence. I'm not the best source for the DD side of things, but I'll share what limited info I have... though like I said I'm mainly here because of the chart and the DD is complimentary to my approach (75% chart to 25% fundamentals).
1. Not sure about the float but the o/s is 200m range, though insiders are holding over half of that. I usually just assume the float = the o/s and that way I can only be pleasantly surprised. Not sure if the insider shares are restricted or not, but the stock trades thinly.
2. I couldn't find out why the drop in revs and profit this past quarter, their filings didn't explain it from what I saw. I'm basically no help here.
3. Like I said, I'm holding this stock because of the chart mainly. Been trading for over 11 years now so I put a lot of faith in my chart eye, and when I see a setup like this with such healthy trading and accumulation after a bottom has been put in, in my experience it tends to imply a positive development behind the chart. This imo is the nicest chart on the otc right now and when I find something this solid, I'll try to dig up what I can on the fundamental side to back my bullish stance from the technicals. Obviously determining a company's fundamental health is much difference when analyzing a sub penny otc stock vs a blue chip, so I'm not looking for perfection, just a good story to provide reason to be optimistic. A real product is a nice start, but sadly many otc can't even claim that much. My standards are pretty low when it comes to fundamental analysis since I deal with otc purely, but this company and their heat to clean energy systems are wildly promising sounding. Their websites are all top notch when compared to other otc plays I look at, their product is legit with huge potential, their fins have been promising though like you mentioned this last Q was a downtick, their share structure is very clean (and it trades even better than their o/s #s indicate, likely thanks to the insiders holding so much), and as mentioned their chart is the best one I have on my radar right now and implies good things in the pipeline imo.
4. No clue, but I'm often reliant on others for my DD sources so if anyone has anything to add I'm all ears. :)
5. I absolutely get the impression there are more updates to come, if for no other reason than because this last PR update was the first in a while and does lend itself to more updates. These guys are still dependent on selling shares to keep their operations going, but they've been responsible with it and haven't gone through nearly the amount of toxic dilution that other otc companies opt for. I believe the pps is now severely underpriced relative to the potential value here after a wee bit more accumulation of any remaining notes left, this flies past a penny.
As for a price target, based on my technical estimations (wildly subjective) and what little DD I know and understand here, I believe .05 - .10 is very reasonable and ultimately could blow past those levels too under the right circumstances. You never know, but the last play I had with a similar feeling to this one was USRM back when it was a sub penny too. I'd be happy with a repeat of that performance. :)
GL and please anyone else chime in with anything on the DD/fundamental side. I think the chart is telling us we have a real gem here at this valuation and the more reasons I can put together to confirm that suspicion, the more conviction I'll have to hold.
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