I still think TYRIA is ready to move, it is only a matter of time. But I also don't want to stop posting potential money making picks while we wait for that move. Hence I am releasing our next stock pick which is another OTCBB stock with up to date filings. Please read through them and post anything that concerns or excites you as well as post things you don't understand.
I've been in and out of CNCM a few times since it blew up late May. The stock flew from a low of $.0003 to above $.003! So this stock can move.
If you compare the September 2006 filing to their most recent in May their o/s is virtually the same:
Shares Outstanding6:
641.91M
Float:
87.04M
State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date: 641,907,436 shares of common stock were outstanding as of May 15, 2007.
Their o/s is the same yet their revenues were up almost 200%.
That would indicate the company is not diluting. So why is this stock trading at such low levels? Apparently I am not the only one asking this question. Check out this link: http://www.nasdaqtrader.com/aspx/regsho.aspx CNCM has shares that have yet to be delivered and are likely naked shorted shares. That could be one reason for the increased volume, which could also cause a very sweet short squeeze. These shares have to be accounted for soon meaning the MM's have to buy back those shares. This could increase buying pressure over the next few days.
I've been in and out of CNCM a few times since it blew up late May. The stock flew from a low of $.0003 to above $.003! So this stock can move.
If you compare the September 2006 filing to their most recent in May their o/s is virtually the same:
Shares Outstanding6:
641.91M
Float:
87.04M
State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date: 641,907,436 shares of common stock were outstanding as of May 15, 2007.
Their o/s is the same yet their revenues were up almost 200%.
That would indicate the company is not diluting. So why is this stock trading at such low levels? Apparently I am not the only one asking this question. Check out this link: http://www.nasdaqtrader.com/aspx/regsho.aspx CNCM has shares that have yet to be delivered and are likely naked shorted shares. That could be one reason for the increased volume, which could also cause a very sweet short squeeze. These shares have to be accounted for soon meaning the MM's have to buy back those shares. This could increase buying pressure over the next few days.
Here is a chart of CNCM:
Before I continue visit our site to discuss CNCM, TYRIA, and any Penny Stock at http://www.pennystockforums.net
The last three days has seen a significant volume increase. Today CNCM touched $.0009 before falling back to $.0006. It looks as though a bottom has formed. With increasing volume it is only a matter of time before the price heads back north.
A few other things of note. Insiders own at least 200 million of the outstanding shares. Actually if you go to Yahoo Finance they list the float as 87 million shares. I have not gone through all the filings and Yahoo is usually accurate. Could you imagine an 87 million share float trading at these levels? Although the recent volume would indicate that maybe something else is going on here.
Could someone be shorting this stock or manipulating its share price? The company does owe over $1 million and recently cancelled a filing that would have helped to pay that debt off. Regardless of debt or short selling I think for our purposes this stock is over sold. Also the volume is there and rising on a daily basis.
Instead of starting with this speech I will end with it. I do not get paid to pick these stocks. I do not own a position in this stock, although I do have an order in for 6 million shares at $.0006. It has yet to be filled. I, like anyone looking to invest in this stock, should be patient. I am also reserving funds for averaging down if need be. I think this stock is poised for another rally.
I will not set a specific price target with this stock. I only say to do your own DD. I am not telling you to buy this stock, only that it is a short term promising buy... whatever that means! Don't buy any more than you can afford to lose. Set an entry and exit strategy as well.
Like TRYIA I will post updates as they warrant. Lets have a green Friday and a great weekend.
Recent PR:
Connected Media & endi.com Sign Content License AgreementWednesday June 27, 1:51 pm ET
MIAMI, June 27 /PRNewswire-FirstCall/ -- Connected Media Technologies, Inc. (OTC Bulletin Board: CNCM.OB - News), and it's NewsProNet subsidiary, one of the nations leading content providers to major broadcasters, digital and mobile platforms, today announced that it has entered into a content license agreement with El Nuevo Dia Interactive/endi.com, the leading newspaper in Puerto Rico. Effective June 15th '07, the Puerto Rico and US Hispanic market internet users on endi.com will have access to high quality video content, from in-depth investigations to lifestyle trends, health alerts, consumer news, as well as the top stories in technology, automotive, entertainment and much more.
Mr. Jorge Escasena, VP of Sales stated, "NewsProNet creates targeted, actionable stories that attract and retain key audiences and keep them coming back for more. No project is beyond our experience or capabilities." NewsProNet not only delivers the highest quality production values but unique distribution relationships that include local broadcasters reaching 70% of the US households and online destinations.
Mr. Izzy Gonzalez, President of Connected Media added, "We are extremely exited about our new relationship with El Nuevo Dia and endi.com; as the leading "Content on Demand" provider to broadcast, internet and mobile platforms and a library of over 5000 stories we continue to deliver fresh, new and award winning content with a national network of proven production talent and Emmy award winning producers to some of today's largest global media companies.
About endi.com and El Nuevo Dia
Launched in 1997, endi.com became the first interactive version for a newspaper offered to internet users in Puerto Rico. 7 out of 10 internet users go to endi.com for local news. More importantly, it is the first and only Spanish language internet portal to launch enditv.com - Internet Protocol Television - where internet users can find videos on special segments such as Health, Technology, Fashion, and Entertainment.
El Nuevo Dia is the newspaper with the largest circulation in Puerto Rico, with a daily circulation of 205,000 copies and 240,000 on Sundays, with 1.2 million readers. It is the main source of advertising for the Puerto Rican consumer as confirmed by the readership studies conducted by the prestigious research company Clark, Martire & Bartolomeo.
About Connected Media Technologies, Inc.
Connected Media Technologies, Inc. is a sales and marketing focused digital media solutions company that offers a broad spectrum of services and solutions across current and emerging media platforms, including print, television, radio, Internet, CD, DVD and portable devices such as mobile phones and PDAs. The Company holds exclusive licenses to US Patent #6,101,534, "Interactive, Remote, Computer Interface System", and US Patent #6,952,697, "A Media Validation System" and to a number of additional patent applications pending with the USPTO. NMI, a Puerto Rico-based full-service marketing communications agency, is a wholly owned subsidiary of Connected Media. Founded in 1997, NMI provides complete marketing and communications initiatives to blue-chip corporate clients such as Royal Caribbean, Lucent Technologies, Avaya, RJR/Nabisco and Argent. Additional information about Connected Media is available on the Company's web site at http://www.connectedmedia.com/.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, regarding the company's business strategy and future plans of operations. Forward-looking statements involve known and unknown risks and uncertainties, both general and specific to the matters discussed in this press release. These and other important factors, including the company's ability to prosecute and defend its patents, attract new licensees, maintain the company's relationships with strategic partners and acquire new strategic partners, the company's ability to raise additional capital and other factors mentioned in various Securities and Exchange Commission filings made periodically by the company, may cause the company's actual results and performance to differ materially from the future results and performance expressed in or implied by such forward-looking statements. The forward-looking statements contained in this press release speak only as of the date hereof and the company expressly disclaims any obligation to provide public updates, revisions or amendments to any forward- looking statements made herein to reflect changes in the company's expectations or future events. The Connected Media Technologies, Inc. logo is a trademark of Connected Media Technologies, Inc.
Source: Connected Media Technologies, Inc.
Here is a quick snippet of CNCM:
http://www.connectedmedia.com/
Profile
Get Profile for:
Connected Media Technologies Inc.80 SW 8th StreetSuite 2230Miami, FL 33130United States - MapPhone: 786-425-0028Fax: 786-425-0067Web Site: http://www.connectedmedia.com/
DETAILS
Index Membership:
N/A
Sector:
Financial
Industry:
Diversified Investments
Full Time Employees:
14
BUSINESS SUMMARY
Connected Media Technologies, Inc., together with its subsidiaries, operates as a digital media and content provider in the United States and internationally. Its services include consulting, advertising, media selection and placement, sales promotion, direct marketing, collateral development, television production and placement, radio production and placement, point-of-sale displays, trade shows, barter programs, Internet site development, and patented technology solutions. The company offers digital services across various media platforms, including print, television, radio, Internet, CD, and DVD, as well as mobile devices, such as mobile phones and personal digital assistants. Connected Media also produces and owns a content library of broadcast news stories. In addition, it provides news stories and other content for digital platforms, including the Internet, IPTV, and mobile devices. Further, the company creates patented interactive training applications and digital media solutions for various clients. Connected Media Technologies offers these services and solutions to companies, government agencies, advertising agencies, and advertisers, as well as to content owners. The company was founded in 1997 and is headquartered in Miami, Florida.
The last three days has seen a significant volume increase. Today CNCM touched $.0009 before falling back to $.0006. It looks as though a bottom has formed. With increasing volume it is only a matter of time before the price heads back north.
A few other things of note. Insiders own at least 200 million of the outstanding shares. Actually if you go to Yahoo Finance they list the float as 87 million shares. I have not gone through all the filings and Yahoo is usually accurate. Could you imagine an 87 million share float trading at these levels? Although the recent volume would indicate that maybe something else is going on here.
Could someone be shorting this stock or manipulating its share price? The company does owe over $1 million and recently cancelled a filing that would have helped to pay that debt off. Regardless of debt or short selling I think for our purposes this stock is over sold. Also the volume is there and rising on a daily basis.
Instead of starting with this speech I will end with it. I do not get paid to pick these stocks. I do not own a position in this stock, although I do have an order in for 6 million shares at $.0006. It has yet to be filled. I, like anyone looking to invest in this stock, should be patient. I am also reserving funds for averaging down if need be. I think this stock is poised for another rally.
I will not set a specific price target with this stock. I only say to do your own DD. I am not telling you to buy this stock, only that it is a short term promising buy... whatever that means! Don't buy any more than you can afford to lose. Set an entry and exit strategy as well.
Like TRYIA I will post updates as they warrant. Lets have a green Friday and a great weekend.
Recent PR:
Connected Media & endi.com Sign Content License AgreementWednesday June 27, 1:51 pm ET
MIAMI, June 27 /PRNewswire-FirstCall/ -- Connected Media Technologies, Inc. (OTC Bulletin Board: CNCM.OB - News), and it's NewsProNet subsidiary, one of the nations leading content providers to major broadcasters, digital and mobile platforms, today announced that it has entered into a content license agreement with El Nuevo Dia Interactive/endi.com, the leading newspaper in Puerto Rico. Effective June 15th '07, the Puerto Rico and US Hispanic market internet users on endi.com will have access to high quality video content, from in-depth investigations to lifestyle trends, health alerts, consumer news, as well as the top stories in technology, automotive, entertainment and much more.
Mr. Jorge Escasena, VP of Sales stated, "NewsProNet creates targeted, actionable stories that attract and retain key audiences and keep them coming back for more. No project is beyond our experience or capabilities." NewsProNet not only delivers the highest quality production values but unique distribution relationships that include local broadcasters reaching 70% of the US households and online destinations.
Mr. Izzy Gonzalez, President of Connected Media added, "We are extremely exited about our new relationship with El Nuevo Dia and endi.com; as the leading "Content on Demand" provider to broadcast, internet and mobile platforms and a library of over 5000 stories we continue to deliver fresh, new and award winning content with a national network of proven production talent and Emmy award winning producers to some of today's largest global media companies.
About endi.com and El Nuevo Dia
Launched in 1997, endi.com became the first interactive version for a newspaper offered to internet users in Puerto Rico. 7 out of 10 internet users go to endi.com for local news. More importantly, it is the first and only Spanish language internet portal to launch enditv.com - Internet Protocol Television - where internet users can find videos on special segments such as Health, Technology, Fashion, and Entertainment.
El Nuevo Dia is the newspaper with the largest circulation in Puerto Rico, with a daily circulation of 205,000 copies and 240,000 on Sundays, with 1.2 million readers. It is the main source of advertising for the Puerto Rican consumer as confirmed by the readership studies conducted by the prestigious research company Clark, Martire & Bartolomeo.
About Connected Media Technologies, Inc.
Connected Media Technologies, Inc. is a sales and marketing focused digital media solutions company that offers a broad spectrum of services and solutions across current and emerging media platforms, including print, television, radio, Internet, CD, DVD and portable devices such as mobile phones and PDAs. The Company holds exclusive licenses to US Patent #6,101,534, "Interactive, Remote, Computer Interface System", and US Patent #6,952,697, "A Media Validation System" and to a number of additional patent applications pending with the USPTO. NMI, a Puerto Rico-based full-service marketing communications agency, is a wholly owned subsidiary of Connected Media. Founded in 1997, NMI provides complete marketing and communications initiatives to blue-chip corporate clients such as Royal Caribbean, Lucent Technologies, Avaya, RJR/Nabisco and Argent. Additional information about Connected Media is available on the Company's web site at http://www.connectedmedia.com/.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, regarding the company's business strategy and future plans of operations. Forward-looking statements involve known and unknown risks and uncertainties, both general and specific to the matters discussed in this press release. These and other important factors, including the company's ability to prosecute and defend its patents, attract new licensees, maintain the company's relationships with strategic partners and acquire new strategic partners, the company's ability to raise additional capital and other factors mentioned in various Securities and Exchange Commission filings made periodically by the company, may cause the company's actual results and performance to differ materially from the future results and performance expressed in or implied by such forward-looking statements. The forward-looking statements contained in this press release speak only as of the date hereof and the company expressly disclaims any obligation to provide public updates, revisions or amendments to any forward- looking statements made herein to reflect changes in the company's expectations or future events. The Connected Media Technologies, Inc. logo is a trademark of Connected Media Technologies, Inc.
Source: Connected Media Technologies, Inc.
Here is a quick snippet of CNCM:
http://www.connectedmedia.com/
Profile
Get Profile for:
Connected Media Technologies Inc.80 SW 8th StreetSuite 2230Miami, FL 33130United States - MapPhone: 786-425-0028Fax: 786-425-0067Web Site: http://www.connectedmedia.com/
DETAILS
Index Membership:
N/A
Sector:
Financial
Industry:
Diversified Investments
Full Time Employees:
14
BUSINESS SUMMARY
Connected Media Technologies, Inc., together with its subsidiaries, operates as a digital media and content provider in the United States and internationally. Its services include consulting, advertising, media selection and placement, sales promotion, direct marketing, collateral development, television production and placement, radio production and placement, point-of-sale displays, trade shows, barter programs, Internet site development, and patented technology solutions. The company offers digital services across various media platforms, including print, television, radio, Internet, CD, and DVD, as well as mobile devices, such as mobile phones and personal digital assistants. Connected Media also produces and owns a content library of broadcast news stories. In addition, it provides news stories and other content for digital platforms, including the Internet, IPTV, and mobile devices. Further, the company creates patented interactive training applications and digital media solutions for various clients. Connected Media Technologies offers these services and solutions to companies, government agencies, advertising agencies, and advertisers, as well as to content owners. The company was founded in 1997 and is headquartered in Miami, Florida.
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