Mystery Stock: Would you be an Investor of This Stock?
No... I refuse...absolutely...refuse to reveal the stock... Instead... We'll call this company in the communications sector our "MYSTERY STOCK."
Here's some details of this company and you determine your level of excitement and whether you would fork over your cash for some shares of this corporation.
Description: Incorporated in Florida back in 1999, this Chinese Telecom Corporation sells pay as you go cellular phone services, pre-paid phone cards, for major cellur phone companies in China such as NOKIA, Motorolla, SonyEriccson, Phillips, Samsung, Panasonic, Siemens, and many more top brands.
From their website:
Mystery Stock's "...mobile telecommunications products and services include cell phones, phone calling cards and value-added services. Also, the company is opening additional retail locations as well as launching a next-generation Mobile Messaging Service (MMS)."
Mystery Stock "...is a fast-growing distributor and retailer, with 10 stores in the ... market. In its first full year of operation (2005), the company achieved revenues of $6.7 million. These numbers jumped 91%, to $12.8 million, in 2006. Annual revenue growth between 39% and 67% is projected for the next three years." Mystery Stock's "...growth is far outpacing that of China itself, the world’s hottest economy. "
Revenue Growth: Just over 940% since 2004. Company didn't produce a penny of revenue in 2004, but has grown to produce 35 million dollars of revenue so far in 2008.
Profitability: While carrying an unprofitable position from 2004-2007, this year has been the first year the company has gone from the red to the black....Boasting a positive cash flow profit thus far in the amount of: $370,926. Which is an improvement from their last year's 9 month loss of
Insider Holdings: Only 1 insider, the C.E.O., holds shares of the company's stock: He holds over 14 million shares with 53.2 million shares outstanding. That is roughly 1/5th of the total stake (outstanding + his share).
Management Outlook: While they recognize the global slowdown and credit crisis, management fully expects their company to continue to do well and grow further next year.
Share Price: .017 a share. 52-week low .012 52-week high .67
Recent Press Release Info: In a recent press release the C.E.O. recognized that the share price has slumped greatly and plans to contact and work with professional investor relations and public relations companies to figure out a way to attract a bigger audience to their stock.
The Press release dated Oct. 20th is simply saying this to you as an investor.
NOTICE ME!!! WE ARE DOING WELL!!!
What do you think?
A) WOW! I'm so excited I am investing immediately if Varchild reveals the name of this stock.
B) BLEH! Another stupid penny stock that won't go anywhere....