You have to love when a company suggests a fair value for their stock. It is in their best interest to get the stock price as high as possible to facilitate company fund raising activities, which means the higher the better. NUBL's press release from today is below.
It was apparent today that investors took this press release to heart and were buying up shares at an unprecedented rate. The stock closed up 174% after being up even higher than that mid-session.
NUBL shows that a good pump beats a good company any day of the week.
NuMobile, Inc. to Increase $0.10 Suggested Fair Value Target Price per Share
CARY, NC, Sep 15, 2009 (MARKETWIRE via COMTEX) -- NuMobile, Inc. (OTCBB: NUBL) today announced a corporate Webcast scheduled for release this Friday, September 18th, to present an increased suggested fair value target price per share. The Company has previously published a $0.10 suggested fair value target price per share. The Company anticipates completing the recently announced pending acquisition of Enhance Network Communication, Inc. prior to the scheduled Webcast. Enhance currently has approximately $1.2 million in profitable annual revenue and anticipates closing a $20 million contract with $8 million in gross margin by year end with the contract going into service next year. The increase suggested fair value target price per share will be based on the Enhance acquisition. A link to the Webcast will be posted to the NuMobile website www.numobileinc.com upon release.
NuMobile Information and Email Newsletter
To learn more about NuMobile and to sign up for company email alerts, please visit the corporate website at www.numobileinc.com.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause NuMobile's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.
Contact:
NuMobile, Inc.
Investor Relations
214-556-5927
ir@numobileinc.com
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