I'm fairly new to the stock market but I'm learning quick...
Penny stock. A logistics company with big plans. They own much of Michael Jackson's memorabilia and have a 2 day auction set in Vegas of 5/30 and 5/31. They just reached a court settlement with Jackson where they will pay him a portion of their profit. They also just announced that they will pay all share holders a dividend totaling 20% of their net profit from the auction. Expectations from the auction are between 20 mill and 300 mill so as long as those Jackson groupies and collectors come out of their holes, I would expect a decent return.
They also plan to use the rest of the profit to buy back a portion of their outstanding shares which, from what I am being told, will drive up the price.
Stock price is approx $.0006 but can reach $.01 or maybe even a few cents within a month, maybe less. It happened about this time last year and has the makings to do it again.
Get in and get out!!!
Penny stock. A logistics company with big plans. They own much of Michael Jackson's memorabilia and have a 2 day auction set in Vegas of 5/30 and 5/31. They just reached a court settlement with Jackson where they will pay him a portion of their profit. They also just announced that they will pay all share holders a dividend totaling 20% of their net profit from the auction. Expectations from the auction are between 20 mill and 300 mill so as long as those Jackson groupies and collectors come out of their holes, I would expect a decent return.
They also plan to use the rest of the profit to buy back a portion of their outstanding shares which, from what I am being told, will drive up the price.
Stock price is approx $.0006 but can reach $.01 or maybe even a few cents within a month, maybe less. It happened about this time last year and has the makings to do it again.
Get in and get out!!!