Monday, January 7, 2013
CHLO +2,055% $.058 Alerted When Stock Was at $.004
I alerted this stock when it was trading at $.004 today its well over $.05 a share:
CHLO last trade $.004
This stock was brought to my attention yesterday. Its 52 week low is $.002. The stock sees very light average volume.
The reason I am bring in to you is because of its financials. It is an SEC reporter and also a Chinese company so that is something to keep in mind.
Two big figures stick out, they have over $2 million in cash and they do over $20 million in annual revenue.
With an o/s of o little over 40 million shares thats over $.05 a share in cash and $.50 a share in revenue.
If you based the stock on those numbers it should be valued at a much higher price per share. This could be a forgotten stock as it is trading at such low levels, or many think its another Chinese fraud? Both are possible. If this company is indeed legitmate and the financials are accurate then this stock should be trading for a much higher price per share, in my opinion.
Congratulations to those who booked a significant profit on this stock today.