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I just read a DJ News item (negative, of course) on postings designed to run up stocks for nefarious gains, so I'll say up front...I've been a buyer (and occasional seller) of this stock since it's IPO in January at $5. The issue is currently offered at 21.12. A look at the chart shows a steady climb from the IPO on average volume of 4200 shares. I believe that there is about 1.2M shares in the float. About 33% is held by insiders. There are approximately 300 shareholders. (This information is from the stockholder meeting last summer). A bulletin board, the company expects to apply for a NASDAQ listing at the end of the year. As the name infers the company is in marketing...selling collectibles, such as art, coins, and so on. It has other businesses as well, but without scanning the stockholder report I can't be specific on what they are. It earned 4 cents the 1st Q, 12 the 2nd, and predicts 18 the 3rd. I know it's hard to like a $21 small cap, but the small base of holders coupled with the the 33% share held by insiders should prevent a sudden downdraft as long as earnings continue to improve. So, is there anyone else here that follows this? | ||||||||||||||
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