Here's one I started looking at last night which may have some potential and which I am taking a position. Here is some quick DD I pulled together for anybody interested.
Enamelon, Inc. (OTCBB: ENML)
7 Cedar Brook Dr.
Cranbury, NJ 08512
(609) 395-6900
enamelon.com
Current Price: $1.05
52 Week High: 5 5/8
OS Shares: 14.7M
Float: 8.8M
Summary of Company
ENML has proprietary ``remineralization' technology which rebuilds and renews tooth enamel to help stop cavities before they begin. The Company's products are based on proprietary formulations and technologies that have been shown in studies to enhance remineralization of tooth enamel and to prevent early stage tooth decay. The Company's toothpastes contain the active ingredient sodium fluoride in a formulation with calcium and phosphate ions, to enhance the remineralization of tooth enamel.
For more information go here: enamelon.com
Change in direction of Company
Enamelon, Inc. is seeking to make the transition from a development, manufacturing, marketing and sales company to a company focused exclusively on technology development and licensing The Company recently engaged the International Licensing Network (ILN), a world-renowned firm specializing in technology licensing and
acquisitions. Here is the most recent press release which discusses this issue:
biz.yahoo.com
As reflected in the PR heading, the company is in discussions with some major oral care companies. I wouldn't be surprised to see some sort of acquisition of ENML.
SEC Filings
Here is the link to the Company's most recent filing:
sec.gov
Here is an excerpt:
Net sales for the nine months ended September 30, 1999 were approximately $14,384,000 compared to approximately $8,995,000 for the same period in 1998. The increase in sales is the result of the national distribution and growing customer acceptance of the Company's toothpaste resulting from coordinated marketing efforts, successful coupon events, as well as other promotional programs that were expanded in early 1999. In addition, during the second quarter of 1999, the Company launched its second product, Enamelon(R) Calcium Whitening System(TM) toothpaste. As a result of the Company's refocused marketing and cost reduction strategy, the Company anticipates that there will be a concomitant reduction in sales.
Insider Trading
There has been some recent 144 selling which appears to be complete and which I believe has driven the price down. This may provide a good buy-in opportunity.
biz.yahoo.com
My Thoughts
This is not a MOMO but I believe it could be a great investment if the companies reaches an agreement with a major oral care company such as Crest, Colgate, etc. It way off of its 52 week high and could provide a good return for someone willing to hold it.
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