OTC JOURNAL NEWSLETTER UPDATE!!
To OTC Journal Members:
Very Exciting news today on NetSol International (OTC BB: NTWK), Engineering Power (OTC BB: EGPDF), and the investment resources at the OTC Journal.
We will cover the outstanding news on NetSol in this edition, and have the news on Engineering Power news release for you in our weekend edition which will go out tomorrow.
Now, on to some exciting news on NetSol International (OTC BB: NTWK) which has been trading very well recently, and is currently trading at an all time high since we released the profile back in January. This is a classic example of how patience and belief pay off for investors.
When we originally released this profile, the stock was trading at $3.88. Since that time, this stock has traded as low as $1.69, and is now in the $4.50 range. Therefore, anybody that has invested in this stock is making a nice profit. More importantly, those investors that have followed the progress of this Company know that the fundamental developments we have been covering have been outstanding, and it was just a matter of time. The stock is now up 171% from its low since we released our profile, and we're all in the money.
Today's news release suggests even higher levels in the future. NetSol International today announced that it has filed an application for a full NASDAQ Small Cap listing. According to their attorneys, they meet all the financial qualifications, and if the stock continues to trade above $4 for 30 consecutive days, they will meet all the listing requirements.
Of course, ultimately it is up to the NASD to grant the approval. However, in keeping with our theme of presenting undiscovered companies, this bodes well for this Company to be discovered by Wall Street.
Once a stock that trades on the NASDAQ or a listed exchange and exceeds $5 in price, it pops up on the radar screens of institutional money managers that specialize in small and micro cap stocks. If this Company continues to exhibit these growth characteristics, $5 in inevitable at some point in the future. You might want to go to our archive of newsletters on this Company and read about their progress. You can get there from the archive section on our home page, or you can click here.
T A P has received 30K shares of NTWK (formerly MGHI) from Clearweather Investments Ltd. for services provided for a period of 6 months For a complete write-up on NTWK and other Turn Around Picks go to T A P profile for url
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