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AutoCorp Equities, currently trading at 1.18 on the OTC Bulletin Board, has immediate explosive potential in my opinion. The company has several subsidieries that combine together to form a terrific solution to the problems faced by many sub-prime lenders. Not only is AutoCorp a sub-prime lender, but it squelches the risk of default because the company also has an operation which refurbishes cars for resale. . . so if a car owner defaults on their loan from AutoCorp, the company will repossess the car, refurbish it so its just as good as new, and sell it for top-dollar. AutoCorp also insures car dealers who desire to make loans to their customers. AutoCorp is rapidly expanding its car dealerships in the West, and is poised to post terrific numbers this year. It is fully reporting with the SEC, though its past results are a bit obsolete: as a company just emerging out of the development stage (just acquiring CIC companies late last year in a reverse acquisition), its past results have no bearing on anticipated future results. As an SEC reporting company, ACOR has no risk of dropping to the pink sheets. In fact, it seems incredibly likely that ACOR may soon be traded on the Nasdaq Small-Cap. Afterall, AutoCorp's CEO Andrew Kacic has already transformed two OTC Bulletin Board companies to Nasdaq Small-Caps, quite a feat. Seems he's going for three. I don't pretend to be an expert about AutoCorp's industry. I do know that the company is very similar in focus and operation to CarMax (owned by Circuit City) and AutoNation (owned by Republic Industries). Perhaps one of these two you are familiar with (though in my opinion, AutoCorp will be nationwide soon-enough, with similar name recognition eventually). So since I probably can't explain all aspects of AutoCorp to your satisfaction, I'd strongly suggest you visit their webpage at: internetstockmarket.com The webpage is run by The WallStreet Organization. It is an excellent site. For further information, give Elli Alon (their PR guy) a call at 1-888-700-STOX (7869). But the clincher is saved for last: AutoCorp's float is onlt 167,000. No, this is no typo. The shares that aren't restricted or in the hands of extremely friendly officers of the company is verified at 167,000. I didn't believe this was possible at first, especially since the company has about 3.5 million shares outstanding. So I pored through the SEC filings for the past few months. It's true. . . the vast majority of shares are held by officers and insiders. When ACOR acquired CIC companies, they had to issue 3.677 million shares (from an original 685,928 on June 30, 1997). All shares went to the officers of CIC Companies. They either are not allowed to sell, or won't. So the float is effectively 167,000. As you can see, with such a miniscule float (capitalized at about $200,000), it won't take much to move this company to proper valuations. All that is needed is some interest. . . And the interest has arrived. A major PR push is beginning on Monday (April 13) I'm told. Hopefully I'll have more specific details in a short time. If you'll check out a chart, the average volume for ACOR is only a couple thousand shares a day. I expect volume to increase significantly over the coming days and weeks, most likely bringing with it a significant rise in price. I hate issuing price targets. After all, when I see price targets mentioned on companies I'm interested in, they always seem to be unattainable pie-in-the-sky numbers. So take this with a grain of salt if you wish. But I would not be surprised to see 5-7 dollars for this stock in the near future. Therefore, if this thread intigues you, I'd stongly suggest visiting the website mentioned above and/or calling their PR representative. Also, please feel more than free to post questions or comments on the thread, and you are welcome to e-mail me. | ||||||||||||||
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