****** OFF TOPIC ******** But Interesting Post....
I know about a company that is 2 days away from making it to the NASDAQ small cap market.....and off the BB.....they have already met the 22 day qualifying period of over $4....but the stock dipped slightly below $4 ($3.875) this week, because of a MM short (PILL) and the NASDAQ would like see them close at or above $4 bid on Monday..(it did close at $4 Friday)....The stock is thinly traded on the BB, with a float of only about 1.5 million.....They are profitable and expanding......The COO/CFO has been talking to and lining up fund managers and brokers for the last 6 months in anticipation of making it to the NASDAQ, and they have a lot of support when they get there, but the funds cannot buy until they are off the BB.....They are very confident that the stock will be at $5 to $6 minimum, and marginable, within a week or 2 of getting on the NASDAQ.... .They are fully reporting, and just got a 3 million influx of capital to triple revenues.....
I know the CEO and COO very well, I have owned the stock since September '92, purchased by a private placement. I also know some additional information, that I do not want to post publicly that will virtually guarantee your success if you buy stock on Monday.
This is not one of mackers picks, but he just bought into it yesterday, because he checked it out, liked the story and the margin ability once it hits NASDAQ.
PM ME FOR MORE INFORMATION
Lee Walsh
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