Thursday, April 26, 2012

Watch list for Friday

ITKH .0037 the stock continues to catch a bid , today the stock attempted to break .0038 resistance , I think this closes above this resistance , today on level 2 market maker PENA moved to .03 , boding well for the stock and its shareholders before expected financials. This company posted over 6 million in revenues last February and should have better than expected financials soon

CHART .0038 Double top bearish? I think the overall volume this one is bullish consolidation, look for the break above .0038 before peniding news could very well see .008 soon

http://stockcharts.com/h-sc/ui?s=ITKH

BRZL .0011 this one caught a major bid today toward the end of the day, this stock has been down on low volume for quite some time, this had a pending r/m for awhile could some news be brewing? Regardless whether the news or not the fact is that this traded between .006-.01 for quite some time , I wouldnt be surprised if this goes .003-.006 short to medium term, watch for volume and news

Key points
Low Share Structure
Shares Outstanding 888,000,000 a/o Dec 31, 2010
Authorized Shares 1,500,000,000 a/o Feb 01, 2011
Par Value 0.001 

 Par value is 0.001 and the stock is trading at the same levels now and worth much more than 0.001
***** Share Reduction 480 million shares: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8114508

52 week high of 0.0168 

 When the share reduction news comes, we can expect it to trade near 52 week high.
The company is still Active

Look at the filing.

IN GOOD STANDING NOT FOR DISSOLUTION OR WITHDRAWAL through May 15, 2012

***We expect them to renew again and give some recent business updates on or before May 15, 2012. Reverge Merger in Progress: They have shifted the office to Texas from New York. Look at the last filing.


10 Q/A filed March 9th 2011 the address is as shown:
2818 FORT HAMILTON PARKWAY BROOKLYN, NY State11218 (Address of principal executive offices) (Zip C?ode)
The address displayed on the latest filing is
2708 Wagonwheel Dr.Carrollton, Texas 75006
(Address of principal executive offices) (Zip Code)






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