Quote:
Originally Posted by HandballJim
Oh I thought you were promoting Japanese Cams....
I am happy for you, and since you enjoy risky investing check out this penny stock IMSC http://finance.yahoo.com/q?s=IMSC.PK I believe they are close to getting approval for their product (sniffs out explosives) by the TSA as an alternative to body searches. |
I wouldn't touch it after TSA Approves it. They have only $6 million in assets and 11$ in liabilities. This company also anticipates reporting net loss from continuing operations of approximately $530,000 on revenues of approximately $1,004,000 for the three months ended September 30, 2010 as compared to a net loss from continuing operations of $1,445,000 on revenues of approximately $1,820,000 for the corresponding prior year period. "Our failure to achieve our projections and/or obtain sufficient additional capital in the first quarter of 2011 on acceptable terms would have a material adverse effect on our liquidity and operations and could require us to file for protection under bankruptcy laws."
I understand they've been doing well since last year but this company is going back down to the 4 cent area in 2011. I'd do a LEAP Put with this company to tell you the truth but would do a Febuary call just so I can gain some profit on the Quantum Sniffer sales to other countries. Not only that the TSA is probably going to approve the Quantum. After the sale and hype the stock will shoot up and shoot back down. Most investors know that the this company is preparing for losses in 2011.
This is a turn em and burn em stock, enjoy the profits while they last. Just know you need to sell or short sell this stock after the big spike when it does get approved.