Tuesday, April 26, 2011
APRM - Chart Update
APRM showed today just how few shares are in the market for this stock. With very light volume the stock pushed through recent highs hitting $.0065. Only two market makers were offering less than $.0078 for most of the session.
The stock has a 100 million authorized count, with is a great number for a sub-penny stock and just one of the reasons why I think this stock sees $.01 and better in the short term.
The company recently announced potential revenues of $13 for the company once its ecommerce site is completed.
Some of you may recall BFHJ, a pick of mine from last summer at $.0005. We waited for that stock to get its online casino up and when it finally was online the stock soared better than 1,500%. Right now we are awaiting APRM's ecommerce site launch. News of this launch could send the stock significantly higher than current levels. Consider that the potential revenue figures amount to roughly $.20 per common share. In my view, that makes APRM a $.06 stock.
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