[quote:a1e2fb47ca="alfredsokol"]I'm always negative on OTC issues. What do you like about them?[/quote:a1e2fb47ca] For one, the business sector that they are in. They also have 31+ million shares outstanding only. Could be a good long-term bet?
Having only 31 million shares outstanding could be a very positive factor; however, you can't (well shouldn't) buy a stock soley based on the information. F.E. Buying a car because you like the color is a factor but should not be the reason you buy the car; only one of them. Give us some more reasons why you like it. :)
A small float can get you killed in a fast moving market. The less shares out there, the more chance that fewer companies will control the market. What product do they sell and how do they make their money? Those are two things of main concern.
Your correct, I should have provided more info. Here is their website: http://www.crownmed.com/ Investor relations: http://www.crownmed.com/investor_relations/index.asp The symbol is CWMS They are an EMR. Please, I am not endorsing this stock. Just wanted to gauge some opinions.
http://biz.yahoo.com/e/031014/cwms.ob10qsb.html The company looks very scary to me. They were founded for a $50,000 loan. Then they dissolved that corporation for $4,000! Then they bought-merged with the other one. The flags are very red here.
[quote:1cee1e8898="alfredsokol"]The flags are very red here.[/quote:1cee1e8898] I know it's a long shot, like all pennies, but they have been able to find alliances and perhaps generate the income to turn into a real company? http://biz.yahoo.com/bw/040226/265146_1.html
You hit it on the head. It's a long shot. I guess you can look at it like any longshot. If you lose, you lose, but if it pays off it might be a big return. If you don't mind speculating then it may be worth a shot.