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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 August 2007: |
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Stockprowler picks ARSC for August 2007 Recent Stockprowler picks have made considerable gains… PMCL (OTC) spiked 200% since our May Stockprowler Report. IAO (AMEX) traded as high as 65 cents… up 365% since we picked it on January 7. DIMEZ (Nasdaq) closed June 8 at 33 cents up almost 140% since our report on January 7.
American Security Resources Corp. (OTCBB: ARSC) American Security Resources Corporation is a holding company actively acquiring companies and technologies that will advance the development of clean energy. ARSC, through its Hydra subsidiary, is developing high volume, mass produced hydrogen fuel cells. Its American Hydrogen Corp. subsidiary is developing an inexpensive method to produce hydrogen from ammonia. ARSC's newly formed American Wind Power Corp. will be developing residential scale wind turbines based on the patented Noble wind turbine design. ARSC recently announced that its Hydra Fuel Cell subsidiary is taking pre-certification orders for its advanced HydraStax® fuel cells. The HydraSTAX™ 5000 Fuel Cell, currently in development, utilizes readily available hydrogen fuel either direct or reconstituted from a reformer. Its configurable cell STAX™ are contained in an industry standard rack-mountable chassis. Hydra fuel cells offer superior reliability, manageability and scalability to meet each customer's unique power requirements. Fuel cells use a chemical reaction to produce electricity. Hydrogen and oxygen are combined in the fuel cell to produce water and heat. Hydrogen is supplied to the anode catalyst where it is split into protons and electrons. The electrons flow through the load to produce electricity. The protons pass through the electrolyte and, at the cathode catalyst rejoin with the electrons and combines with oxygen to form and output water. On July 27, ARSC reported that its Hydra Fuel Cell Corp. subsidiary had received a purchase order for an 8 kilowatt HydraStax® residential fuel cell system from a customer on the Texas Gulf coast. Bob Farr, President and COO of ARSC, stated, "This buyer lives on the coast and has experienced loss of grid power during tropical storms and other occasions. With this system he can be independent of the grid and even sell power back if he chooses. We expect to ship this system within 90 days. This is a very big sale for us." Farr continued, "The residential market is where we see our greatest sales potential. We expect this installation to demonstrate the value of fuel cells as reliable backup and primary electric sources for everyday use as well as secure power in weather emergencies." ARSC recently executed Letters of Intent to acquire majority control of Mag-Wind Company LLC www.mag-wind.com which holds exclusive world wide rights to develop and market the Mag-Wind magnetically levitated, patent protected, vertical axis wind turbine, and to acquire majority control of VAWT Manufacturing Company which holds exclusive Mag-Wind manufacturing rights for North America. Bob Farr, President of ARSC, said "We are excited about acquiring these two companies. Mag-Wind anticipates marketing later this summer into the largest untapped vertical axis wind turbine market, the residential market, which is also the target market for our HydraStax® fuel cell product. VAWT Manufacturing has the ability to produce at one location the larger Noble wind turbine for us in addition to the Mag-Wind turbine." Farr continued, "We are working on acquisition funding using industrial development bonds which will be very beneficial to us and our shareholders as it is completely non-dilutive and has very favorable terms." ARSC shares were trading around 4 ½ cents at last check on Friday August 3. At last report there were 134 million shares outstanding with 115 million shares in the public float. Playstar Corp. (OTC: PLYCF) Playstar Corp. trading at less than 2 cents a share currently owns a subsidiary called Premier Mobile Technologies Inc. that owns, operates and develops short code services in United States and Canada. Short codes, also known as short numbers or Common Short Codes (CSC) are special telephone numbers, significantly shorter than full telephone numbers (5 or 6 digits in length), which can be used to address SMS and MMS messages from mobile telephones. They are designed to be shorter to read out and easier to remember than a normal length telephone number. The basis for our choice of PLYCF for this report is that on May 11, 2007 Playstar Corp. announced that it is engaged in final discussions to merge with New Wave Media Inc. to create a worldwide SMS entity. WagerPhone Media is focused on providing National and State Lotteries with a number of quick and convenient methods to purchase lottery tickets and scratch cards via the utilization of SMS, J2ME, Brew, WAP, Interactive Voice Recognition (IVR), and online technologies. The merged entity would fall under the New Wave Media Inc. umbrella and all financial audited statements of New Wave Media would be filed… the merged entity will file for an OTCBB listing. Once the merger is complete the new entity will have a corporate structure of 334 million shares outstanding. New Wave Media currently has 137,000,000 restricted and 117,000,000 free trading shares for a total of 254,000,000. The transfer agent is Transfer Online of Portland Oregon. http://www.transferonline.com NewWave Media has recently stated it has no convertible debt or any financing instruments outstanding at this time. Stewart Garner, President of Playstar Corp. http://www.premiermobiletech.com stated, "These are exciting times upon us, what we have created is the ability to take Playstar's multiple proprietary platforms and merge it with New Wave's joint venture partners throughout the world and create a substantial player in this growing sector. This merged entity will be worked on by our lawyers and we aim to close in the next 60 days. A New Wave, Playstar merger would allow both companies to operate under one roof resulting in streamlined processes, shared resources and a reduction in overhead." Commenting on the merger Marc Askenasi, President of WagerPhone Inc. http://www.wagerphone.com stated: "The ability to expand our global reach by adding new products to our portfolio is a great opportunity for our company. The NewWave, Playstar merger will assist us in achieving our financial and strategic growth objectives." 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 $1.5 million for the 3rd quarter 2006, or 1 cent a share, on revenue of $4.5 million. 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. 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 on Friday January 5. 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.
Good Trading... Stockprowler
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