Here is another one I bought into that might be worth watching. I bought in for 200,000 yesterday .... some @ 0018 but most @ 002.
Two reasons I bought in this one.
1. Very low pps
2. Very Low float considering the pps. Take a look at this share structure being reported on another board:
O/S = Roughly 100 million
Float = Around 60 Million
The company CEO just retired 10 million shares.
Now some food for thought that I found on that same board.LNGT had the same type share structure and pps and ran to .16 (Not saying it will run like that but I do think it will go alot higher than its current pps).
Check this out!!!!
LNGT fell to a low of .0013
SHMM fell to a low of .0015
LNGT had a O/S count of around 154 million
SHMM 100 million
LNGT float of 35 million
SHMM has a float of 60 million
Company website:
http://www.southernhomemed.com/
Website of subsidiaries:
http://www.encoremedicalstaffing.com/default.asp
http://www.ladieshealthandfitnessusa.com/
Again, I'm not calling for a LNGT .16 run here but I do think its worth keeping a close eye on and adding to the streamer.
SHMM.. Southern Home Medical Equip.
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