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Since I am Canadian, anyone want a Canadian play?
CBX on the TSX venture
Its currently sitting at .46 I see it at least by $1 in next six months.
Their business is in the Canadian Oil Sands right now. They are in essence the first to 'digitize' paperwork and are creating a network (payments, purchase orders, receivables, etc.) online. Instead of using paper, companies are taking on their services. Companies pay them to organize their networks and connect them to their partners (3000 supliers in their network - simplification of the process, speeds up everything for them, and makes it cheaper (lower working cap/less bodies required to do the work). CBX has first mover advantage in this new business. One of their clients includes Husky and Apache (which keep in mind recently bought assets from BP).
Yes, it is a small cap (55 million mkt cap) with only $2 million revenue.
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