Stockprowler.com

Stockprowler looks under the rocks to find those little stocks with the potential to make the BIG moves. Stockprowler screens NASDAQ, NYSE, AMEX, and OTC stocks trading under $1. These stocks offer the speculator considerable leverage. It is not uncommon for these stocks to make moves of 30%, 50%, or more. Please read our disclaimer before trading in any stocks mentioned on this Website ... Here's the Stockprowler Report for Fall 2006:

Stockprowler Watch

Here are some stocks we are watching closely!

Our next pick will be
1/7/07!

IAO

CSYS

DIMEZ

PTSC

SFLK

Stockprowler picks 3 speculations for Winter 2007

IA Global, Inc. (AMEX: IAO)

IAGlobal Inc. is a Tampa-based public holding company focused on acquiring primarily Asian Pacific companies that operate in the telecommunication and finance markets. It owns Global Hotline Inc., which operates call centers and is a reseller of telephone and broadband lines and medical insurance in Japan. It also owns 36 percent of Australian Secured Financial Limited which raises funds through the issuance of debentures in Australia and provides short term loans for business or investment in Australia secured by real property.

The Tampa-based company reported a net loss of $1.2 million, or 1 cent a share, on revenue of $4.5 million compared with earnings of $733,884, or 1 cent a share, on revenue of $7.1 million for the same period last year.

The loss resulted from five contracts closed by Global Hotline during 2006 when it shifted its telecommunications business to higher margin contracts during September. The company projects the strategy change to increase revenue and profits starting in the fourth quarter of 2006.

IA Global recently closed its equity investment in Australian Secured Financial Limited and its affiliates. The transaction added $7 million to IA Global's shareholders' equity.

Global Hotline now operates four call centers, employs 462 full and part-time personnel.

IAO closed at $0.14 on Friday January 5. A recent check has outstanding shares at 109 million, with 15 million shares in the float and 73% of the outstanding shares held by insiders.

ClearStory Systems, Inc. (OTC: CSYS)

On May 3, 2006,ClearStory Systems, Inc. completed the disposition of assets pursuant to an agreement dated as of March 10, 2006 by and between ClearStory Systems, Inc. and Datawatch Corporation.

Under the terms of the agreement, ClearStory Systems sold substantially all of the assets of its business unit that engaged in document solutions business activities, which are primarily fixed content, report management and electronic statement presentment, to Datawatch.

At the closing on May 3, 2006, the Company received approximately $4.3 million in cash from Datawatch. In addition, Datawatch will pay the ClearStory Systems 30% of the future net revenues from all of the ClearStory Systems' former business unit's related products and services sold for the 18 months following the closing date.

The closing of this transaction will allow ClearStory Systems to focus on its core digital media businesses. Henry F. Nelson, ClearStory chief executive officer, stated, "Over the past two years, we have made significant investments in our digital media platform, and this transaction allows us to concentrate our development and marketing energy on leveraging that investment, which has also been the recommendation of several industry analysts."

On November 16, 2006 the company announced EContent Magazine has selected ClearStory Systems for the 2006 EContent 100 List of Companies that Matter Most in the Digital Content Industry.

ClearStory's inclusion in the list demonstrates how important digital media-video, digital images, graphics, presentations, flash animation, and publishing files-has become for marketing, corporate and overall communications today. ClearStory's ActiveMedia suite of solutions manages the digital media supply chain-from creation to consumption-helping companies to repurpose, exploit and monetize this high value content for competitive advantage, new revenue streams, and marketing agility.

"We nominate companies that continue to innovate and deliver products and services that further the evolution of the digital content industry," stated Michelle Manafy, editor-in-chief of EContent Magazine.

Over the past year, EContent has reported on ClearStory's advanced DAM capabilities that power an innovative new business model for leading advertising agency, TracyLocke, and the digital media enterprise initiatives at Sony Pictures Entertainment.

"To win a spot on this prestigious list is a real honor and greatly rewarding for our dedicated team. We are pleased that EContent has recognized our successful progress and the market adoption of ClearStory's award winning suite of digital media solutions," said Henry F. Nelson, ClearStory president and CEO.

The EContent100 list is available in the December 2006 print issue of EContent and online at www.econtentmag.com.

Shares of CSYS are thinly traded. The stock at last check was trading around 12 cents. The last available SEC filing shows the number of outstanding shares of CSYS to be about 6 million.

Dime Bancorp Litigation Tracking Warrants (NasdaqNM:DIMEZ)

Stockprowler first looked at DIMEZ back in April 2005 when the Anchor Savings Bank vs United States case was being litigated in Federal Court. It looked like it had 10 bagger plus potential back then and we believe it still does. So what is this all about?

The lawsuit was filed against the United States government way back in January of 1995 by Anchor Bancorp, which later merged with Dime Bancorp. Between 1982 and 1985, Anchor acquired 8 failing savings and loan operations. Four of the acquisitions involved financial assistance from the Federal Savings and Loan Insurance Corporation (FSLIC).

Liabilities in these transactions exceeded assets by $650 million. Anchor alleged that FSLIC agreed that this sum could be recorded as goodwill, and that Anchor would not have made the acquisitions if this had not been the case.

Enacted in 1989, the Financial Institutions Reform, Recovery, and Enforcement Act required that the aforementioned goodwill be eliminated immediately. The company argues that this action placed severe restrictions on its activities and forced the company to sell valuable assets under liquidation-like circumstances.

Washington Mutual (NYSE: WM) bought out Dime Bancorp several years ago and inherited Dime Bancorp's lawsuit. The DIMEZ financial instruments are termed warrants, but in fact, are more akin to rights. They offer the buyer an opportunity to receive common stock if a particular event not related to price of the common stock occurs. There is no exercise price, nor is there a definitive expiration date... the warrants expire shortly after litigation has been concluded. The warrants offer purchasers the opportunity to receive 85% of a settlement after taxes and lawyers fees have been taken out. The warrants trade as DIMEZ, although the underlying stock for the warrants is Washington Mutual (NYSE:WM).

The number of shares of Washington Mutual that a holder of the DIMEZ warrants is entitled to after settlement of the litigation is difficult to determine and is dependent on several variables. The trial itself was concluded in July 2005 and we are awaiting the court's decision. The court could award anything from $0 to $983 million. If the judge were to award the maximum amount, it would make the DIMEZ warrants worth somewhere between $7 and $8 …or over 40 times the 17 cents that they closed at on Friday! Far fetched you say? Well, in another S&L breach of contract lawsuit filed against the U.S. government, that of Glendale Federal Bank, Chief Judge Loren A. Smith found that the government was liable for $908.9 million in damages!

Of course, you could also receive nothing. In the event that the court does not award damages, the warrants would be worthless. It is a crap shoot. Don't wager more than you can afford to lose. Shares of DIMEZ were trading around 14 cents at last look.

Well, all right, that's it for now… place your bets, sit back and relax. Remember, this is speculation not investing and quite often we get rewarded BIG for taking a chance…

Stockprowler.com does not receive compensation from companies we profile or from third parties... we never have and never will. We use our own money when we buy stocks, and even though we usually take a position in a stock before we profile a company, our purchases are small relative to the public float so that the effect on the stock price when we buy or sell is minimal. Please read our full disclaimer.

Also, contrary to a commonly held belief, Stockprowler does not have access to insider information, nor do we want to because trading on insider information is illegal! All information contained in our reports is available in the public record... and any written or verbal communication with company CEOs/IR people strictly adheres to this rule.
Readers are urged to read the company SEC filings and do their own due diligence before investing in this or any other stock.

Good Trading... Stockprowler