posted
This company hit its 52-week low at 0.01/share on 5/4/09. Released this news today. Volume is coming up on twice the 10-day average (very early in the session). Could be a great bottom play. This stock has no business being so low, imo. Do your own research, please.
International Aerospace Notified of $750,000.00 USD Bid Award 18 minutes ago - Businesswire
IARO 0.018 44.00%
As of 9:48 AM ET 6/30/09 International Aerospace Enterprises, Inc. (OTCBB: IARO) today announced that the company has been Awarded a $750,000.00 USD bid award for military aircraft spare parts by the Egyptian Air Force. The award is immediate evidence that the company's International Targeted Sales Strategy is right on target as reported in the June 18, 2009 news release titled "International Aerospace Enterprises Inc. Launches Targeted Worldwide Sales Program." Mr. John Peck, IARO's CEO, reported, "The initial sales to the Egyptian Air Force is the first of over $13 million USD in our international sales pipeline." He voiced some concern that, "IARO's management team feels that the current and future value of the company is not reflected in the company's current share price but is reflective of the decisions made by the shell's previous management." He continued by stating that he is, "confident that the Company's international sales performance and future earnings will better reflect the real value of International Aerospace Enterprises, Inc. for both our company and our shareholders." Mr. Peck further stated, "I have some additional exciting news to report to our Shareholders. As of July 1, 2009, Mr. Saffet Uslu, our current exclusive International Sales representative, has accepted the position of President of IARO." Mr. Uslu has a Bachelor of Science and his Master's degree in Mechanical Engineering from University of Southern California. He has obtained his dual citizenship in both the United States of America and the Republic of Turkey. His 14 years of experience in international military aircraft spare parts sales and his dual citizenship, with one of the United State's key Allies in the Middle East, makes him an exceptional addition to IARO's Management Team." Mr. Uslu stated, "I am both excited and proud to have been asked to join IARO's Management team. To have an opportunity to be involved with an exciting company like IARO, at its foundational level, happens only once in a life time. I am dedicated and confident that IARO will produce exceptional shareholder value for in its stockholders in both the short-term and long-term through performance. I am prepared to work hard with our management team and for our shareholders." About International Aerospace Enterprises, Inc. International Aerospace Enterprises, Inc. (OTCBB: IARO) is an innovative and aggressive provider of discounted military aircraft spare parts for U.S. Ally partners throughout the world. The company offers inexpensive and shipment ready aircraft spare parts for both military and commercial aircraft users that meet all industry standards for quality manufacturing.
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Up to .02/share. Volume is huge. Take a look at the 6 month chart, stock has been taking a tumble for too long, imo. Big range between 52 week high and low. Could be a break out. BUT PLEASE, don't take my word for it, do your research.
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Up to .027/share, up a little over 100% on the day. Read what the CEO said in the story above.
"IARO's management team feels that the current and future value of the company is not reflected in the company's current share price but is reflective of the decisions made by the shell's previous management."
We could be looking at a great short-term play, and a serious long-term play. Anyone own shares? Reading the chart? Volume is HUGE!
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Seems like this stock price is still INCREDIBLY undervalued. The market cap on this is only $86,500, BUT the bid award they received today is $750,000!! What the junk?? They got a contract worth like 10 times their companies current value?? Makes no sense.
Something gotta give for this stock, very soon. This could make people very wealthy (very ambitious statement, of course). BUT do your own research please.
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Fantastic Call - I tried getting in at .029 right after your news. I gave up at like .035 - that was dumb I guess. Congrats on this one!! Should be interesting to watch.
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Thank you thank you. I already sold all my shares, but this may still be a good one to radar in case it takes a dive tomorrow. I think with a $750k contract, and a market cap of only $100k, this stock still has a long way to go. If it takes a dive, it may present an excellent entry point. If it doesn't fall, I'm not sure how long it can keep moving up before plummeting. Anyway, this seems like one to watch for sure. Good luck trading peoples, and always do your own research. Smash
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