This company is set to fly! Many things in the fire. You be the judge...
Recent news at this link:
biz.yahoo.com
Rumor of news next week of a done deal on a merger/acquisition. This would be in line with the news in the following link:
biz.yahoo.com
Rumors are that brokers types are looking to get CRNC up into the $4-$5 range so the company can get listed on the NASDAQ.
1. An additional MM jumped on board two days ago and is on the bid which signaling support for the stock.
2. Volumes have been moving up last few days.
3. Small float/ 978,000 shares. 750,000 of the 978,000 were purchased through a 504 offering @ $3.81! Yes,that is correct, 750,000 shares were purchased @ $3.81.
4. Outstanding/Issued shares 2,727,780
5. Chronicle is aggressively and successfully acquiring companies. The recent acquisitions have assets in excess of 5 million dollars and will put Chronicle very close to NASDAQ Small Cap qualifying standards.
6. Fully reporting company. Clean as a whistle.
7. Look for multiple PRs on additional acquisitions over the next couple of weeks.
8. Look for announcements on funding which will be structured in a way that won't add to share dilution.
9. Year end results will begin on November 9, 1998 and Mr. Whitman (CEO) anticipates year ended September 30, 1998 revenues to show a gain of 310% over year ended September 30, 1997 or total revenue of $2,043,000. Projected revenue for the year ended September 30, 1999 are in excess of $ 6 million with earnings of .30 per share.
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Business Summary
After successfully meeting all SEC, NASD and S&P, reporting guidelines, the company sold it's first shares on the OTC BB on August 19, 1998.
On October 6, 1998, all "quiet time" restrictions
were lifted and a massive public relations campaign has been set into motion.
Chronicle is a "Fully Reporting" company engaged in the printing and publishing of hometown shoppers throughout the state of Georgia, Internet (Web) development, commercial printing and paper recycling & converting.
Here is the webpage site:
chronicleinc.com
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