OPTIONABLE INC. (NASDAQOTCBB:OPBL.OB)
The Company brokerage services provider to brokerage firms, financial institutions, energy traders, and hedge funds nationwide. We specialize in providing our services for the trading of energy derivatives.
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Consolidation = Buyout [NYMEX Owns 19% of outstanding Shares]
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Strong Relationship with Nymex; leader in online energy derivatives trading; insiders increasing # of shares held; profitable with increasing cash flow
Recs
Record quarterly earnings report due 1st week in April.
Announcement around May of qualification for NASDAQ listing.
NYMX partners w/OPBL with 19% ownership and has option to buy 20% additional.
NYMEX gave OPBL a $4Million seat on the Mercantile to help their partner facilitate Energy contracts.
Expanded types of Energy to be announced soon.
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