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In case you didn't catch it, eFoodSafety (OTC BB: EFSF) was out with a very interesting news at the market open today. They expanded the news on the newly discovered application for Citroxin as a potential therapy for MRSA Staph. Despite the market's seeming disinterest, this could be huge news for shareholders as the story develops. I have extensive comments on both the news and my views on EFSF in today's BLOG. I strongly recommend interested parties read the current BLOG and share any thoughts or questions. 

Also, I took some time to review the recent 10Q filing from Nighthawk Systems (OTC BB: NIHK) this morning. Check today's BLOG for a complete update on NIHK. I believe now is a great time to accumulate.

The BLOG is your opportunity to ask questions and offer comments. I will make an effort to answer every legitimate question. If I don't know the answer, I will contact the management and get the answer. Alternatively, if you have questions you don't want publicly displayed, you can always email me directly at editor@otcjournal.com. If you submit a comment or question, it will not appear on the site until I have responded.

To use the BLOG, simply go to the home page at www.otcjournal.com - the BLOG scrolls down from the upper right hand corner. The most current journal entries appear on the right hand side of you screen. Check back frequently for updates particularly when stocks are moving to overbought or oversold levels in volatile markets.
 

Like the Mailman, Spicy Pickle (OTC BB: SPKL) Delivers: Two More Stores

Another week, and another two stores for SPKL. Today, just after the market closed, our friends at Spicy Pickle delivered openings at two more locations. (just to be accurate, one of them opens Monday). Just like the mailman, this company delivers.

If you're keeping tabs, today's announcement marks numbers 32 and 33 in the SPKL rapidly growing chain. Today's new store openings also mark the 20th and 21st stores along the Colorado Front Range metropolitan area. Just goes to show what can happen to a brand when you have a quality product at a reasonable price.

Since we're now at the 33 store level, we will need to see 7 more open in December to arrive at the 40 store mark. I don't believe it is going to happen. More likely a couple will roll into January of 2008 to achieve the 40 open stores mark. 40 open stores and a brisk pace of new franchise signings should put the company in a reasonably strong cash flow position in 2008. I see black ink in the future.

Of greater importance is the opening of the new company owned store in downtown Denver, which is slated for sometime in December. This store will serve as a national training center for franchisees, and have a rather large bakery and commissary designed to serve the entire Colorado network. It will be a big disproportionate contributor to both the top line and bottom line as all the revenues will flow directly to the parent company. You will see huge increases on the Q1 of '08 10Q filing.

As you can see from the chart, SPKL succumbed to the massive current sell of in the markets by falling back down to a nearly perfect 61.8% retracement level. If you were looking to pounce on an easy money bargain, you should have acted in that $1.10 to $1.15 range. I advised accordingly in the BLOG prior to the sell off.

Now we are entrenched on lighter volume in the area between the 61.8% and 38.2% retracement levels. It's not a quick trade in here, but it is a sound level to accumulate for much higher levels in the future as the company continues its rapid expansion.

It's impossible to predict where the stock will trade in the short term as the overall market is so volatile (a nice way of saying it's getting clobbered). Today is a decent day, but we need to say a string of decent days to believe this mortgage meltdown has been fully priced into the market, and stocks can rally. Bonds are so expensive right now that money is bound to flow out of bonds and back into stocks pretty soon.

I have been stressing this to readers, and will continue to do so. If at all possible, get to a Spicy Pickle and TRY THE FOOD. Here's a link to the US map. Click on a state, and you will see all the locations. If you can do it, you will understand why I have such a strong belief in the future of this company. The food is simply great. They are only in 16 states now, so it might not be convenient. If there isn't one near you, get to Chicago, Denver, or Las Vegas. Everybody goes to Vegas at least once a year. It's a 15 minute cab ride from the strip.

There will be more store openings to cover, but I believe the next leg up in the stock will be fueled by new franchise signings. Stand by. 

For your convenience- today's news from SPKL:
 

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