Wuhan General Group China, Inc. (OTCQB: WUHN) is a China-based company, that through its subsidiaries, produces industrial-grade blowers, fans and steam turbines intended for use in power plants. Share price and volume exploded yesterday, volatility continues today, as investors look for reasons why. WUHN has invested the time to create relationships with the technology departments of several leading Chinese universities, ensuring they are using the latest technologies.
Though earning still elude them (ttm earnings were $-.13 per share) their share price to book value and share price to sales volume look attractive (both are less than one, but changing by the minute today). Wuhan’s financial statements show some large figures for a company with a market cap of about $7 million (also changing by the minute today). The balance sheet looks strong with a very nice cash position, but sales have slipped significantly (10-Q filed 11-19-12).
Shares have been touted recently by several micro-cap newsletters and some pundits believe the reason for the jump in price and volume is a classic pump and dump. Perhaps WUHN is a case of micro-cap newsletters doing their job and alerting investors to an undervalued opportunity.
Mikros Systems Corp (OTCQB: MKRS) engages in the research and development of electronic systems technology primarily for military applications. The company has been selected by Northrop Grumman to assist in the design of wireless networks on U.S. Navy Submarines for the Navy program, the Consolidated Afloat Network and Enterprise Services (CANES). Mikros President, Tom Meaney said, "We have worked closely over the years with the Navy's technical community to develop specific knowledge and software tailored to meet the unique demands of installing and operating wireless networks in shipboard environments." He continued, "We are excited to work alongside the rest of the Northrop Grumman CANES team.
MKRS has a low market cap of $5.76 million with 32 million shares outstanding. Insiders hold 23% of the shares creating a vested interest in success. The share price jumped from $.05 to $.20 on the release of Northrop contract news and has trended downward to the $.14 range as some profit taking works its way out. Wireless communications within the US military is serious business and will continue to grow. The additional revenues from the Northrop relationship should trickle down to the bottom line as MKRS does a good job of keeping costs in line with revenues. Increased revenues + controlled costs = success. (Get Full Report) http://www.firstpennypicks.com/get-your-free-research-report/
Swingplane Ventures Inc. (OTCQB: SWVI) has restructured their assignment agreement regarding the acquisition of certain mining concessions in Chile. Under the new terms, Swingplane will acquire all of the issued and outstanding shares of Mid Americas Corp. in exchange for the issuance of a total of 100,000,000 shares of common stock of the Company and 5,000,000 shares of preferred stock of the Company. The former agreement announced last year allowed SWVI assignment rights to certain Mid Americas mining properties while the two companies remained independent.
SWVI is trading at $.28/share, near the high end of its 52 week range of $.10 to $.31 per share.
It has a market cap of $131 million with 472 million shares outstanding, which is substantial. The balance sheet shows assets of $159,000 as at 9-30-12.
SWVI is a development stage company without revenue and not a lot of financial activity (see the 10-Q filed 11-16-12). The company is making a big bet on the viability of copper mining results in about 15,000 acres of Chilean copper country and the hopes that copper prices will remain high.
MKRS is a good example of the type of stocks we look for to give our early alert VIP members. AMBS was profiled to our VIP’s last fall at .0075/share and moved 2600% to .20/share. (VIP Membership) http://www.firstpennypicks.com/vip-membership/
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