The shares added to the Float were from .50 - .042. Somebody made a bunch of $$$.
Since Float is still relatively low, CMTN could move with buying pressure. So far it is i-Hub buying pressure as it has been for 4 months holdiing up the stock (especially in the .30-.50 range). This is a death trap if you cannot pull the trigger though.
** CMTN - the float after the merger on May.18.2007 was
1.25 million. It was 5.6 million as of Oct.31.2007, and some suspect it is 7-8 million now.
The stock went $3.25 to $0.007 during this time, which IMO is far too excessive of a drop for a low floater.
Even if the float is 8 million, it is still very low for a penny stock - and 0.015 and a market cap of $500,000 seems cheap for a company that has +$1 million in revenues from products sold on AMAZON, COSTCO and WALMART - and this is the "minor" side of its business.
From 0.01, I expect this to be a 10-50 bagger over the next 1-2 months (if the company can get some update PRs together).
========================================================== COMPANY HIGHLIGHTS:
1. American Football Alumni - CMTN is in the process of building a large social networking Website for 20 million American Football Alumni: http://www.11on11.com.
========================================================== COMEDIA CORPORATION, Symbol: CMTN.PK Float: 5,678,993 as of Oct.30.2007 O/S: 48,523,250 as of Oct.30.2007 # of Shareholders: 275 as of Oct.30.2007 A/S: 2,500,000,000 as of Oct.30.2007