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I have a penny stock for all the MVP'ers to keep watch. This was alerted last week by Pharaoh as a bounce play. Unfortunately, the chart was broken and we are still finding a bottom, but the selling is now slowing. PULS is the stock. I listened in on the CEO's strategic recovery plan last week. Basically, the company has a debenture note due in February that needs to be taken care of. Once they announce the plan to restructure this debt, I can almost guarantee a bounce from these levels. The company generates $300+ million in revenue each year, the EPS is negative mostly due to this debt, so I anticipate a huge move in share price if they release a positive update on this debt restructuring. The CEO also outlined a few other options being considered, such as selling assets of the company or selling the company outright. The latter could be ideal for someone at these levels as a buyer with cash, that can take care of the debt, will pay a nice bit for the $300 million a year in revenue, which I expect will increase if and when the economy improves. The last offer from BELFA was $2.50, which was rejected by the CEO although I am sure some shareholders wouldn't mind that buyout option right now. I would absolutely love a quick payout option like this! The MM's are slowly walking this down. Keep in mind a possible delisting of the stock when performing DD on this stock, but at some point this will hit a bottom and we should see it bounce.
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