Allstocks.com's Bulletin Board: What's the deal with FXGP going up lately?

This is topic What's the deal with FXGP going up lately? in forum Micro Penny Stocks, Penny Stocks $0.10 & Under at Allstocks.com's Bulletin Board.

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Posted by Nibblesworth on :

Of course, I'm not complaining!

But we've seen a nearly 22% jump in the past two days. The stock has been sditting idle for a month or so.

Any ideas? I couldn't find anything.

Let's hope this thing continues!

Posted by billyboy on :

quote:
Originally posted by Nibblesworth:
Of course, I'm not complaining!
But we've seen a nearly 22% jump in the past two days. The stock has been sditting idle for a month or so.
Any ideas? I couldn't find anything.
Let's hope this thing continues!

you never know with FXGP, but my guess is NEWS! and with the increase volume and the price movement it should be good news, i'm holding a small position and looking for .02- .03 we will see!

great trading to you
bill

Posted by FurrySound on :

I remember when this thing popped back in early 2002 and then virtually disappeared off the scope...

From yahoo profile of FXGP.OB:
For the nine months ended 9/30/03, revenues totaled $32 thousand, up from $0. Net loss applicable to Common from continuing operations increased 81% to $4.7 million. Revenues reflect a contract with Virginia Commonwealth University. Net loss reflects an increase in compensation expenses. <-- this last line is my favorite.

What they do/make: (From yahoo profile of FXGP.OB)

The Finx Group, Inc. is engaged in the security systems business. The Company markets two primary security products: the GIL 2001 Portal Control System and the Secured Card Solutions Software Program. The GIL 2001 Portal Control System is a system for security processing and human flow management. It is built on step-by-step security processor logic using automated, structural, portal barriers for executing positive/authorized or negative/unauthorized access commands. The Secured Card Solutions Software Program enables colleges and universities to link access control of their recreation facilities with the university ID card, process memberships, issue recreation equipment and obtain utilization reports for multiple recreation facilities.

And finally (also from Yahoo's profile):

OFFICERS
Lewis Schiller, 72
Chairman, Pres, CEO $ 500.00K (pay) $ 255.00K (exercised)
Grazyna Wnuk, 39
VP, Sec., Director $ 187.00K (pay) $ 170.00K (exercised)

Dollar amounts are as of 31-Dec-02 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.

Source: http://finance.yahoo.com/q/pr?s=FXGP.OB