BUNM continues to hold steady at .0001 - .0002. Growth for the company has been quite remarkable over the last year. The Hypster.com site has grown to over 280,000 members. Quite frankly the only thing that hasn't grown over the last year has been the share price. We can all speculate as to why, but for one the company has sold shares to raise capital for operating expenses. This was made clear in a November 2007 investor Business and Capital plan http://www.burnedmusic.com/Burned_Media_2008_Business_and_Capital_Plan.pdf All start up companies require capital to function and grow.
Well BUNM has grown and still continues to grow. With a manageable share count it is only logical that the price of BUNM's begins to reflect the value of the company.
AMHD bottomed out today and recovered nicely. This is a stock that looks to have more upside going forward.
ITLV and IAHL both announced share buyback programs. ITLV's was initially well received until someone began selling into the news. IAHL, on the other hand, was up nicely for most of the day. Keep an eye on both of these tomorrow. Odds are the company is selling and not buying back stock, but hey, you never know. The penny stock market has seen stranger things.
ADCS is on bottom watch tomorrow.
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Have a Green Wednesday
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