From the latest earnings report: "CURRENT OUTLOOK The Company is now in specific discussions with a capital source and strategic partner in an effort to recapitalize and restructure the Company so that it may move forward with its new and expanded business model. Although there can be no assurances, the Company believes that it will have its funding requirements fulfilled in the very near future. This is the key to the substantial growth that can be achieved within our platform."
National City Corporation, traded on the NYSE as NCC, bought 96,000 shares last quarter!!! I cannot explain why a $23 billion company on the NYSE would buy $3,000 worth of a penny stock, and we all know that virtually NEVER happens, but I certainly like it!!! It is also interesting to note the location of NCC vs. the location of SENS and "who knows" if something big is forthcoming...
NCC's Profile: "National City Corporation (NYSE: NCC), headquartered in Cleveland, Ohio, is one of the nation's largest financial holding companies. The company operates through an extensive banking network primarily in Ohio, Illinois, Indiana, Kentucky, Michigan, Missouri and Pennsylvania, and also serves customers in selected markets nationally. Its core businesses include commercial and retail banking, mortgage financing and servicing, consumer finance and asset management." http://phx.corporate-ir.net/phoenix.zhtml?c=64242&p=irol-IRHome
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