The stock recently moved up from .09 to a high of .305, on positive news.
General Media, a subsidiary of Penthouse is currently restructuring. Dr. Luis Enrique Fernando Molina, its principal stockholder, has entered into an agreement to acquire 75% of the outstanding Class A preferred stock of General Media, Inc., a 99.5% owned subsidiary of Penthouse. Expect news on this next week! IT WILL MOVE THE STOCK!
Since hitting an intraday high of .305, PHSL has consolidated to .17 on light volume. Keep PHSL on your radar in the coming weeks as it appears to be gaining momentum after this consolidation.
Recent acquisition iBill will be adding appoximately 200% more revenue to Penthouse based on 2003 figures. iBill is a leading e-commerce company focused on enabling businesses to market and sell their products over the Internet, including online subscriptions. iBill also manages all back-office functions including reporting, tracking, customer service and sales transactions. Its services are powered by technology that integrates online payment processing, fraud control, affiliate management and financial reporting and tracking. Over the last five years, iBill has successfully processed over $2.0 billion in online subscriptions representing tens of millions of consumer transactions. iBill believes that thousands of iBill clients have demonstrated that the Internet is an efficient sales distribution channel for entertainment content. Founded in 1997, iBill has been cash flow positive for the past five years, and has positioned itself as one of the more profitable e-commerce business models born from the dot-com era.
I sold at .23 today, because I didnt like the boxing that CRTC has been doing. However, I think this will move significantly higher next week, especially on news. A very solid buy at .25
Posts: 609 | From: Bloomington, Indiana | Registered: Feb 2004
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Hey "Just learning" you can laugh all you want LOL but they only this that matters is that it will go up sometime next week!! hehe how fast do you think that the acquisition of iBill is going to have effect on revenues??
Posts: 235 | Registered: Apr 2004
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The boxing that CRTC is doing is to cover a short position, there is no other explanation. He has been boxing for about 4 days straight, and continued into the close, must have a VERY large short to cover. When this runs, CRTC will add fuel to the fire by covering as fast as possible.
quote:Originally posted by roger7485: I sold at .23 today, because I didnt like the boxing that CRTC has been doing. However, I think this will move significantly higher next week, especially on news. A very solid buy at .25