Monday, February 22, 2010

ETLS - An Interesting Sub $.001 Stock To Watch

I was tipped off to ETLS by a subscriber post in the Guru's exclusive forum.  The post was brief, but since I was not 100% familiar with the stock I decided to see what was going on.  There has been quite a few SEC filings over the recent months concerning Schedule 13d's.  Also consider what is noted in Item 3 of these filings:


http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7067251
 
All Shares were acquired through cash purchase in open market transactions


 Mark A. Uram has been buying up the outstanding shares over time, which bodes well for shareholders of ETLS.

The bottom line is that 34% of the outstanding shares are accounted for via the SEC filings.  With only 300 million shares authorized this stock could see some price appreciation if the recent volume continues.  Also Mark A. Uram has been buying up the outstanding shares.  Could there be a reason for this that we don't know about quite yet?  Speculation can be the driving force that moves these stocks.

I think this story is just getting started.  Keep ETLS on your watch list going forward.

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