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Micro Penny Stocks, Penny Stocks $0.10 & Under
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GCCP - profitable company, low O/S, greatly undervalued
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[QUOTE]Originally posted by roadrunnerv8383: [QB] [QUOTE]Originally posted by Lucas Brachish: [qb] Now, don't get angry, but let me be pessimistic for a second: Shouldn't the covering of shorts have kicked in stronger by now? Or am I misreading that? And the trend indicators on this don't look so hot (sell, sell, sell they say, altohugh not too strongly in many cases) ... The other warning sign buzzing in my head is "too good to be true," because despite the good DD presented on this thread, it still seems like the company is way undervalued for other reasons that might not be obvious.... and if it's MM manipulation keeping the price low and shorts aren't covered as expected, we could see this pushed lower after a quick bump, yes? It may be a good long-term play, but I don't have the stomach to stay with this if it bottoms out. But keep the DD and opinions coming.... this could be a big 'un, and I may just not have the guts right now... but will join you folks if there's time to hop on during the run.... Thanks. [/qb][/QUOTE]like i said as we get closer to the 10Q is most likely when shorts will be covered. the 10Q due out in 4 weeks, good news yesterday, more news likely to come before the 10Q or slightly after. and also SLATE, one of GCCP's recent acquisitions will be included in the upcoming 10Q, which will add $3 million in revenue for GCCP. i think we have already seen the bottom a few weeks ago. one thing holding this stock back is Cornell, but GCCP hired Premier Funding on August 4th, there was a PR announcement of the new hire. Premier Funding is looking for a new loan company for GCCP and to pay Cornell off. Premier Funding told me GCCP has $20 million in assets, only $8 million owed on the assets so, thier going to obtain a loan based on thier equity. they are going for a $5 million loan, sounds very realistic to me. $12 million in equity to obtain a $5 million loan. once GCCP obtains the new financing and terminates cornell, GCCP will be trading in the .15-.20 range easy. GCCP only owes cornell $2.5 million and the other $2.5 million from the loan will be used on an acquisition. this stock isint really a daytrade, the real money can be made in the long term, an opportunity like this doesnt come often in the OTC. a profitable OTC stock trading under a quarter, at .043 the risk is minimal. [/QB][/QUOTE]
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