EVCA issued 1000% trade alert
got this this morning but didnt notice what it was till now
Ludlow Research Issues EVCA a 1000% Trade Alert
(NEW YORK)-- Dec 31, 2012 – Ludlow Research, a New York based equity research firm, issued Evcarco, Inc. (OTC:EVCA), a developer of mobile applications, a 1000% potential trade alert to an adjusted price target of $0.02 per share.
Research Highlights
- Launch of New Mobile Applications
- 130 Million Shares Outstanding (as of Dec. 30, 2012)
- Current Market Capitalization only $260,000
- Target Market Valuation of $3 Million ($0.02 per share)
Ludlow has confirmed that as of Dec. 30, 2012, the Company had around 130 million shares issued and outstanding, with a public float of around 41 million, estimated. This increase in the shares outstanding comes on the heels of insiders making an investment into the company with their own funds, and structures nearly 90 million of the shares outstanding as restricted, and unavailable for resale.
With Ludlow maintaining its target market capital valuation for EVCA at around $3 million, with 150 million outstanding, to take into account for some minor additional dilution, this would give the stock a market price target of around $0.02 per share, or a potential 1000% return from its current price of $0.002.