To OTC Journal Members:

Don't forget to check out our new feature: Daily Market Commentary can be found every day just prior to the market's opening at www.otcjournal.com.
 

Junior Mining Stocks - One Place To Be in 2004

Last year was a blockbuster for Junior mining stocks. As I stated at the end of last year, the OTC Journal's staff has been collaborating on a new online publication which will specialize in junior mining situations.

To that end, we have co-authored and published the definitive work entitled "The Gold Bugs Are Right, Finally". Within this report you will find four compelling reasons to invest a small percentage of your high risk capital in junior mining stocks in 2004.

Click on the link provided and you will be taken to a registration page. Provide your name and email address, and you will begin receiving the Natural Resource version of the Small Cap Digest for free. You will also automatically be taken to our current report.

Do the Following:

Family Room (OTC BB: FMLY) - The Slate Could Finally Be Clean For Price Appreciation

On Monday of this week Family Room inexplicably traded nearly 8.7 million shares, by far the highest single volume day in history. As you can see from the chart, in conjunction with the volume the stock finally started behaving better.

In a news release which was issued before the market opened today, Family Room provided a clue which helps explain the sudden volume surge. Family Room announced all outstanding convertible securities had been converted into equity, thereby eradicating all the company's convertible debt. While today's news might seem benign on the surface, it might just be a key event in breaking the stock out of its multi month trading range.

In 2003 Family Room raised $1 million in the form of convertible debt. The structure of the debt has been toxic to the performance of the stock. Note holders have been able to convert their debt into stock at a profit regardless of how low the market went. The inordinate supply of stock has been one of the main reasons shares of Family Room have been unable to mount any sustained move to the upside.

Today's announcement and Monday's volume could have cleaned the technical slate. It would appear the remaining debt on the company's balance sheet was converted to stock and that stock has already been absorbed by the market. Therefore, the endless supply of stock which was hampering price improvement could be drying up.

I have been caught standing with egg on my face many times on Family Room. The stock has defied my predictions of attaining the $.25 level. When I get frustrated, I simply focus on the fundamentals. Family Room is likely to have its best year in company history in 2004. Family Room could go into production on as many as nine new projects this year. The company will collect residuals fees from the AmityVille Horror remake and several other of their older properties. Revenues could easily triple last year's results.

For those of you who have lost faith, you would do well to remember Irvine Sensor (NASDAQ: IRSN) in 2003. The stock traded between $1.30 and $1.80 for 11 months before surging to $4.50 in one month. Family Room could end up being a mini version of IRSN in 2004.

Here is the complete text of today's press release for your review:
 

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