I can't believe There is no thread on this play.
I've bought this three different times @.02 and flipped it for various profits over the last two months. Sorry folks. Too many forums to frequent.
Anyhow they are some flight training company, with some aquisitions in the near term that they say will provide $150MM in revenue. 30MM O/S and the company just started a stock buy back program, yesterday. Not a R/S like most pinkies resort too. These will be held in thier treasury and taken out of the float. And the kicker, they got a bridge loan to purchase 10-20% of the O/S. In this day of stingy credit, these guys are either the Worlds best con artist or have painted one hell of a safe buisness plan.
I sold out today @.245 and will be looking to buy back in @.20 for another go. I might be buying a small $500 @.024 just in case it turns up on a P&D.
This will be going on for some months and I'm looking to hold long my cheapies and flip with a handful.
We're all looking for a .50 or better from this. I'm holding for bucks
good luck to all.