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Microcap & Penny Stocks : MAXX - Imark Technologies: Proprietary Encryption Tech.

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To: IPOJunkie who wrote (2)7/14/1998 3:03:00 PM
From: Markus  Read Replies (2) of 22
 
RS,

I believe the reason for the low stock price is due to the past history of Imark. Since they have been in the development stage of their products, they have not brought in much in the way of revenue. After there IPO, the stock price has steadily gone down hovering around the $1 level. The reason I believe they are in the position for an increase is due to the fact they have completed work on their products and have begun to market them.

If you look at their past news releases you will see the contacts they have made with major potential clients.

I believe a good price to buy MAXX would be after a slight pull-back to the 1.10-1.25 level. I believe with some contracts signed and revenue flow, due to the low float MAXX could run.
JMO

Markus
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