|
|
|
 |
 |
|
|
|
Each and every week at 7:00 PM EST on Sunday, Stockprowler will bring you his latest hot stock pick of the week ...free on the Web! Stockprowler uses state of the art technology to look under the rocks and find those little stocks with the potential to make the BIG moves. Stockprowler screens primarily NYSE, AMEX, and NASDAQ stocks trading around $3 or under. These stocks offer considerable leverage at minimal cost. 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 Web site. So are you ready? Here's the Stockprowler report for the week of Monday, April 24, 2000: |
|
|||||
|
Just a quick note to those of you who have used our phone number to get our picks.. Starting May 1, 2000, we will no longer offer the picks by phone. We originally set up the phone number for our readers that had difficulty accessing our Web site. However, now that our Web site and e-mail system are running smoothly, we no longer need to offer the picks by phone. Let's start by stating the obvious… Stockprowler picks have taken a pounding the past few weeks. We believe this a direct result of the Nasdaq sell-off/correction… and, as is most always the case, the little stocks take it on the chin worse than their bigger counterparts. We would like to reiterate what we have said previously, and that is, Stockprowler.com shines the spotlight on good little companies that have what it takes to make it… or bigger companies that have stumbled and been beaten down, but have what it takes to come back. It is our opinion that the Stockprowler picks will come back as the market rebuilds. Before we get to this week's pick, which we believe to be an incredible find, we would like to revisit a couple of past picks… Commodore Applied Technologies (CXI:OTC:BB) released some very important news on Wednesday. CXI's Solvated Electron Technology successfully treated Uranium Hexaflouride (UF6) in U.S. Government licensed laboratory tests. This could be huge with regard to remediation… the Department of Energy (DOE) presently estimates total storage, disposal and related costs of UF6 is expected to reach between $3 and $4 billion over the next 25 years. Here's a link to the story… The other stock we'd like to talk about briefly is Queen Sand Resources (QSRI:OTC:BB)… several readers have asked about "repricing rights". Back in July and November of 1998, QSRI issued an aggregate of 3,845,241 shares of common stock pursuant to two purchase agreements. As part of those issuances, and in consideration for the original issuance price paid by the investors, QSRI agreed to protect the shareholders against the declines in the price of their common stock by granting them repricing rights. The repricing rights grant holders additional shares of common stock without the payment of additional consideration. The number of additional shares is based upon a formula, which takes into consideration the original purchase price of the shares of stock (back in July and November of 1998, QSRI was trading at $6 - $7 a share). If you do the math it works out to 20+ shares of common for each repricing right if the stock price drops below 34 cents/share. What this means is you are looking at considerable dilution, perhaps as many as 64 million additional shares of common stock, if all of the repricing rights were to be exercised. QSRI is expected by many to have had an excellent last quarter…earnings are due out in mid-May. Stockprowler does not expect the impact of the additional shares to be as dire as some are forecasting. Oil is stabilizing at $23 - $24/brrl and natural gas prices are still climbing, with a shortage predicted for the summer. QSRI is worth a lot more than 30 cents a share… even with heavy dilution. And now the Stockprowler.com pick of the week… WSi Interactive Corp. (WIZZF:OTC:BB)
WSi Interactive Corp. is a Canadian based Internet business development and marketing company. WSi builds, manages and markets online businesses in the financial, e-tailing and e-commerce, entertainment and e-advertising sectors. WSi is primarily an Internet incubator focusing on early-stage companies where it is able to add considerable value to the investment through a network of strategic alliances and relationships, and through its experience helping start-up Internet companies build traffic, develop brands, and capitalize on a multitude of revenue streams. The WSi business model is strikingly similar to that of CMGI (NasdaqNM)… like CMGI, WSi began as a direct marketing agency and has grown to become a specialist in e-commerce and e-advertising. WSi plans to establish itself as a leader in the Internet economy by becoming a one-stop shop for e-commerce, advertising, financial information and entertainment. WSi recently teamed up with IBM Canada to create "the first full service dot com incubator." The alliance with IBM will allow WSi "to take on business projects of virtually unlimited scope and significantly enhance its ability to accelerate the early stage development of these businesses." The agreement calls for WSi and IBM to work together to review selected business plans, to provide access to seed capital for start-up companies, provide management and technology assistance to get the projects moving, as well as, assisting with product/services sales and support. Stephane Boisvert, an executive with IBM Canada, stated, "WSi's focus on start-up companies was a great fit for IBM." WSi Interactive has some 30 web business concepts either in the planning or development stages. The growth of the Internet and e-commerce is creating a rapidly expanding market for companies like WSi… according to Forrester Research, U.S. Internet advertising expenditures are expected to increase from $1.3 billion in 1998 to $10.4 billion in 2002. WSi is well positioned to take advantage of this growth. WSi has opened offices in Los Angeles, Seattle, and Toronto and additional offices are planned for NewYork, Frankfurt, and Sydney. In addtion, unlike other Internet incubators, WSi is profitable now with an ongoing revenue stream from its subsidiaries, plus proprietary Internet businesses that are generating significant revenue… WSi showed net income for the first 6 months this year of C$796,000 on revenues totaling C$2,900,000. WIZZF recently moved to become a major player in broadband communications by securing exclusive rights from Global Communications, Inc. (GBLX:Nasdaq) to the "dark fiber" broadband network for much of Canada and Washington state. In addition, WSi is planning to be a key player in a wireless broadband communications network that, when completed, will cover Canada and the United States. Wireless and fiber broadband offers many advantages over the traditional web, the most important being that WSi will be able to do true multicasting at very high speeds and send High Definition Television though the broadband network. Mat Matson, President of Global Communications said, "It is because we share WSi's vision of the future that we are excited to be working with them. The combination of WSi's Internet business and marketing acumen combined with Global's fiber network, software, and technology will create boundless opportunity for business growth for WSi." WSi Interactive was the subject of a recent segment of Ask the Analyst at ON24.com. A replay can be heard here… The latest Market Guide/ProVestor Plus company report on WIZZF, dated April 15, 2000, shows no insider buying or selling in the last 6 months. In addition, the report lists no long term or short term debt for the company. WSi Interactive has the potential to be the next big Internet incubator. Good trading… Stockprowler |
|