I have loaded up on ITKH stock. Why?
Fred Wicks is the CEO. He is aggressive. The company had a $15,000,000 line of credit of which only 1/3 was taken down leaving $10,000,000 for additional acquisitions. The first acquisition is an advertising company with a positive cash flow of about $1,000,000 per year. Part of the $5,000,000 was to correct the structure of the company by eliminating future dilution. The goal is to upgrade to a higher exchange. This will give the company more access to financial markets that will accelerate growth.
Outstanding Shares 202,614,987 a/o Sep 30, 2016
Float 199,925,552 a/o Sep 30, 2016 |
