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Someone recently asked 2 questions. One relative to the merits of
KTWO and the other on how to research a penny stock.
Here is what I did and what I came up with... you of course may have
your own ideas.
Most penny stocks are Bulletin Board stocks and have good message
Boards at www.ragingbull.com
Sure enough there is one there and the full name of the company is K2
Digital Inc. I did not totally scan the Board but know of J.
Livermpore who posted that a reverse split was being delayed. You can
get 2 weeks free SEC filings from Edgar by clicking SEC reports. Most
of the recent reports are about people.
I then went to Yahoo finance which had a profile on the company plus
lots of info.
They lost $1.8 million last year, trades around $.05 per share and
has about 5,000,000 shares out. The reverse split was expected to be
1 for 5 thus reducing outstanding shares to 1,000,000 and a possible
price of $5 per share assuming same market cap.
There does seem to be something developing at KTWO and the question
is what. Most companies like this need cash and a price of $5 or
higher would be one qualification for Nasdaq listing and a good way
to attract venture or secondary financing.
I intend to keep it on my Watch List.
Sincerely,
John
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