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Special Note |
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Sorry for the lack of content of
late. I was on a hectic road trip this past week, and couldn't cover some
of the week's events. Today's edition is a review of a couple of very exciting
and promising developments for three of the stocks I follow.
No, I haven't been vacationing all
summer. I've been committing a lot of attention to some new ideas I plan
to introduce over the coming months. The first will be offered in mid September.
Bear markets make for an interesting
environment for the OTC Journal. Since most of the companies I cover
are at a pre-profit stage, Bear Markets are tough on these stocks. They
are also tough on the companies as capital is more difficult to raise.
In our microcap followings, the next
six months will be very "Darwinian". It's a "survival of the fittest"
environment. Those that have to raise capital might do it on rather unsavory
terms for shareholders, or won't be able to at all. Those that don't need
to raise capital will end up being great bargains from today's levels.
As far as coverage goes in the "penny
stocks", it comes down to Spicy Pickle (OTC BB: SPKL) which will
have no trouble moving forward towards profitability, eFoodSafety (OTC
BB: EFSF) which needs to demonstrate in can grow, Nighthawk (OTC
BB: NIHK) which generally has its biggest quarter in Q4, and Platina
Energy (OTC BB: PLTG), which also appears to be heading to profitability
in the coming quarters. PhotoChannel (OTC BB: PNWIF) is nearly a
certainty for profitability and a new level of success in the coming months.
As we move out of the Dog Days of
August and into the most active time of year, it's likely most of the above
mentioned penny stocks will start behaving much better and garner more
attention.
Bear Markets are interesting because
they offer great values. I was watching an interview with Warren Buffett
on Friday, and he stated he felt stocks in general were a better buy today
than they were one year ago today.
With values as depressed as they
currently are, I am seeing opportunities in much larger and more developed,
profitable companies. I'll bring you the first of a series in Mid September.
In the meantime, below is a review of this past week's developments in
three of our followings, in chronological order of their releases.
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Spicy Pickle (OTC BB: SPKL): First
Exposure to the Financial Capital of the World |
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Spicy Pickle took a big step
forward and a small step back this past week. Mid week the company announced
it had finally gotten store #43 open.
At the same time the company announced
the first ever closing of a Spicy Pickle unit. The Sacramento store,
who's fortunes are tied directly to employees of the State of California
who work in the Capital Building, closed down. We're now back down to 42.
As it turns out, Arnold Schwarznegger
had radically slashed the paychecks of all California state employees as
the California legislature is embroiled in a heated debate about their
budget. At this time, they don't have a budget, so the Governor is acting.
The store was highly dependent on those workers, and their business was
suffering.
On the plus side, the long awaited
Brooklyn store finally opened- just a spit from the lower Manhattan financial
district- just over the Brooklyn bridge. This will give the NY financial
community an opportunity to sample the food. If you happen to live or be
in the area, the address is 143 Montague Street, Brooklyn Heights, New
York. Drop in and try the food.
The stock succumbed to the early
summer sell down, and traded sideways through August. It won't take a lot
of volume to get this one going again. Look for a big price improvement
in September and October.
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eFoodSafety (OTC BB: EFSF) Finally
Gives Shareholders Some Info and Hope |
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eFoodSafety disclosed it was initiating
Phase II of the new direct marketing effort for Cinnechol and Cinnergen.
The associated press release suggests
the have been rigorous testing and retesting of the ad campaigns. They
appear to believe they have it nailed down, and are starting a broadened
program this month.
As details become available I will
bring them to you. Hopefully, this will become the steps EFSF needed
to take to move towards profitability. Like most of you, I would like to
see a hard result reflected in sales numbers.
The news didn't effect the stock
much. It's the middle of August, and no one is around. This is good news
for shareholders, but ultimately the proof will be in the sales. This is
another stock that could trade far better in September.
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Platina Group (OTC BB: PLTG) Wants
You To Understand |
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PLTG has had a rough time
of it recently. It seems the market is not ready to believe. As you can
see from the chart, the stock has been beaten down in the July sell off
as well. In part, the sell off can partially be attributed to the drop
in Natural Gas prices, which have continued to fall. However, PLTG
has come from zero to seven producing wells since July 1st. Revenue flow
starts hitting their bank account now. Revenues were generated for the
first in July. There are more properties for new wells. Kentucky is turning
into boom town for the company.
Over the coming quarters there should
be a major transformation here. If they are doing the numbers they have
publicly disclosed, this one should be trading at a considerably higher
valuation. Based on publicly disclosed numbers, they should generate no
less than $4 million in revenues between now and June- and probably a great
deal more.
CEO Blair Merriman wants you
to understand just where the company stands. To that end, there will be
a special shareholder Webinar this coming Wednesday- August 27th
at 4:30 Eastern- 1:30 Pacific. This is the exact time the market
closes.
Simply go to www.Platinagroup.com
and sign up. I have signed up already. The web site suggests a VOIP headset
for the full experience. CEO Blair Merriman will be taking your questions
live.
This is the exact sort of time investment
that could pay huge dividends. Sign up, listen in, and make up your own
mind.
Home Page : www.otcjournal.com
Email Questions or Comments To:
editor@otcjournal.com
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