TRKR in SmallCap Investor News
From the June 14 issue:
HIGH RISK speculative stock pick (Also Known As: A gamble)
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Since so many subscribers have written to us asking for higher risk, lower price stocks, we decided to give it a shot. I've been following the company below for a few months now and I believe that it could turn out to be a big winner if what I am hearing is true.
THIS PICK IS INAPPROPRIATE FOR ALL BUT THE MOST RISK TOLERANT INVESTORS. If you can't afford to lose 100% of your investment, then please stay away this stock.
The stock: The Tracker Corporation (OTC Bulletin Board: TRKR)
Current Price: Bid $0.075, Ask $0.09
52 week range: Low: $0.01 High: $0.39
Shares outstanding: About 25 million
Tracker, which calls itself "The World's Premier Lost & Found Recovery Service," has developed a personal property identification and recovery system which uses advanced bar code and laser scanning technology to help return lost or stolen property to its owners anywhere in the world.
The Tracker technology can be added to products such as cameras, cellular phones, portable computers and CD players, bicycles, luggage, backpacks, and even keys. The code is added to an item either by the consumer who can buy a kit from Tracker, or laser-etched directly onto products by their manufacturers. Tracker is currently focusing on selling the service to manufacturers since it gives their products a useful feature that competitors don't have. Tracker already has deals with companies such as Schwinn and Samsonite.
When an item with a Tracker code is recovered, the finder simply calls an 800 number which appears with the code, and Tracker arranges to have the item picked up from the finder and delivered to the owner. Tracker, or one of its Recovery Stations, uses either the advanced bar code or the unique character string which appears with the bar code to determine the owner's name and address. The item is returned to the owner at no charge.
At this point you may be wondering, "If Tracker's service is so good, then why is the stock at 9 cents?" The answer is that on September 12, 1997, the FTC shut down Tracker's credit card registration service. And once the FTC was involved, other companies didn't want to do business with Tracker. Then, on January 27, 1998 Tracker's only operating subsidiary filed for bankruptcy protection.
However, there are rumors (from reliable sources) that Tracker is very close to an agreement with the FTC which would put an end to the dispute. And once that happens there should be favorable developments with Tracker's subsidiary which had filed for bankruptcy protection. If Tracker can in fact put these problems behind them in the very near future, TRKR shares have the potential to move SIGNIFICANTLY higher. Just prior to the FTC problems, TRKR reached as high as $0.39 per share. And from what I've heard, Tracker's Recovery Service business is doing much better now than it was last year. I don't know how high TRKR shares can go, but depending on the level of interest in the company's stock and the success of their business, I'd guess that TRKR shares could reach anywhere from $0.25 to a dollar or two. But if things don't work out, TRKR shares could quickly fall back to just $0.01.
If anyone has any interest in the TRKR situation, I would strongly suggest reading over the SEC filings at sec.gov and then call Bruce Lewis, CEO of Tracker, at 800-822-8757, Ext. 230. Once again, THIS PICK IS INAPPROPRIATE FOR ALL BUT THE MOST RISK TOLERANT INVESTORS. |
