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On
the first Sunday of each month Stockprowler will bring you his latest hot stock
pick profiled in depth ...free on the Web! And every week Stockprowler
updates the Stockprowler Watch box with exciting new potential momentum
plays. 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 NASDAQ, NYSE, AMEX, and OTC stocks trading under $3.
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 the month of June, 2004: |
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Stockprowler's pick this week...
BIB Holdings, Ltd. (OTC BB: BIBO) 7409 Oak Grove Avenue
Las Vegas, Nevada 89117 Phone: (702) 243-8809 Corporate Website: http://www.msasson.com/ Shares Outstanding: 77.9 million Market Capitalization: $1.25 million Closing Price Friday 6/4/04: 1.6 cents
Previous pick ONEV (September 2003) hit a new 52 week high last week of 22 cents… up 300% since our Stockprowler profile report. One Voice Technologies' Media Center Communicator was recently demonstrated in Microsoft Windows Hardware Showcase at WinHEC 2004 in Seattle at the Washington State Convention and Trade Center.
We are issuing a Stockprowler Watch advisory for CMKM Diamonds, Inc. http://www.casavantmining.com trading on the pink sheets under the ticker CMKX. The stock closed Friday @ 0.0004 on volume of 3.6 billion shares. We believe that should the company be successful with its Carolyn Pipe drilling operations in the Fort a la Corne, Saskatchewan area shares of CMKX could rocket much like what happened recently with another highly speculative pink sheet stock, QBID. A $100 investment in QBID before it took off brought some investors a return as high as $28,000!!!
Our Stockprowler pick for June 2004 BIB Holdings, Inc. (OTC BB: BIBO) designs imports, sells and markets branded and non-branded apparel. The company has a showroom in New York, a distribution center in Pennsylvania and a distribution center in Las Vegas, within a foreign trade zone that exempts shipments of its products to Mexico from duty taxes. BIB Holdings, Inc. markets a brand of denim and casual apparel under the m.Sasson(R), Home Turf and New Terrain labels as well as private label. The company distributes its clothing via leading retailers, such as WalMart, Sam's Club, T.J. Maxx, Century 21, J.C. Penney, Burlington Coat Factory, 7th Avenue and Swiss Colony, throughout the United States and abroad.
BIBO has acquired the exclusive license to manufacture, promote, sell and distribute Missy, Juniors' and Young Men's apparel under the name m.Sasson(R) and to use the m.Sasson(R) trademark in the United States. The exclusive license agreement was entered into in November of 2003. It has an initial term until April 30, 2009 with five one-year renewals upon the meeting of certain minimum-guarantee objectives. On March 30, the company reported its m.Sasson's juniors and young men's denim fashions were a huge hit with both retailers and fashion reporters at this year's Winter MAGIC show held in Las Vegas evoking the feel of the late seventies and early eighties. While a number of retro fashion brands have sought to capture market attention in recent years, none have the cachet of m.Sasson, which evokes an era that multiple generations can relate to. "We are overwhelmed by the positive responses we received from retail buyers, media and attendees while launching the new m.Sasson brand at MAGIC," said Gail Binder, founder and CEO, BIB Holdings Ltd. "People really loved the denim items because they're so unique and affordable. We've tapped into a market of high quality at lower prices that has been underrepresented in recent years" The m.Sasson line is moderately priced with men's and women's jeans selling at retail for approximately $38 and $48 respectively, and men's and women's shirts and tops selling for $15 to $30. The company shipped products to 85 retail customers in 2003 with its five largest customers accounting for approximately 84% of our gross sales in fiscal 2003. WalMart accounted for approximately 48% of gross sales in fiscal 2003. Revenues for the year ended December 31, 2003 were $3,567,000. Gross profit as a percentage of revenue was -6% and 24.2% for the years ended December 31, 2003 and 2002, respectively. The reduction in gross profit as a percentage of revenues is a result of losing the major program from one customer, which carried a high gross margin, selling inventory, in some cases, at a loss, and taking orders at lower gross margins to generate cash. In addition, during the 2003 year, we recorded a write-down of inventory (amounting to approximately $424,000) in order to more properly reflect the market value of certain lines. Gross profit in absolute dollars decreased by $2,671,000. “We anticipate gross margin for 2004 will increase above 2003 levels as we begin to ship products under the newly-licensed m.Sasson(R) brand and our private label business returns to historical gross margin levels.” Shares of BIBO have been under selling pressure for some time, and BIB Holdings, Inc. is one of many publicly traded companies whose stock has been listed on the Berlin-Bremen Stock Exchange without the company's prior knowledge, consent or authorization. The listings appear to be part of an effort by domestic and foreign brokers to circumvent the recent NASD and SEC restrictions against "naked short selling." Short selling is a trading practice whereby investors borrow stock from a broker to sell with the hope that the stock price will decline before they have to return the shares back to cover their position. Naked shorting involves groups of people working together to manipulate the market by selling fictitious shares of stock in an effort to force a company's share price to go down. On June 1, the company announced that it had successfully been de-listed from the Berlin-Bremen Stock Exchange. The company had requested its counsel to seek immediate delisting when it had discovered that its stock had been listed without the company's prior knowledge, consent or authorization. The company believes that its shares had been listed on the Berlin-Bremen Exchange on or about March 1, 2004. In the weeks just prior to BIBO being listed on the Berlin-Bremen Exchange its shares traded as high as 25 cents. Stockprowler views BIBO as an excellent speculative opportunity noting that on several days in the past 2 weeks, shares of BIBO have been under intense accumulation indicating to us that we are not alone in our opinion. It is our opinion that shares of BIBO are drastically oversold… We are looking for a double or triple from these levels in the near term. Stockprowler 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 |
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