Monday, August 8, 2011
Tuesday's Stocks To Watch - VPRS, SPAH, PRMO, MASP
VPRS this stock remains one to watch going forward. Still awaiting confirmation of a reverse merger, recent SEC documents confirm the sale of this fully reporting shell. The new CEO is also the ceo of a Biotech company which appears to be the company merging into the VPRS shell. In 2011 alone the company projects over $45 million in revenue and over $10 million in net profits.
SPAH gold continues to soar and this gold stock should remain well bid. I think this stock could break out as gold prices go parabolic.
PRMO this $.0001, no bid stock, remains the cheapest gold stock in the entire stock market. Recent financials also show no dilution over the last 3 years as outstanding shares have remained constant. Assets, per the recent financial report are nearing $20 million. Liabilities of $6.6 million and net income of $2.6 million. With gold continuing its dramatic ascent, gold stocks should impress going forward. For those looking for a high risk trade on gold (currently with PRMO there is no bid meaning if you buy the stock you can't sell it), PRMO could be your stock.
MASP the company is looking to raise $2 million to support their ambitious business plan. This shouls keep MASP well bid going forward.
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