The float on this stock is small, well under my preferred
number of 500M shares (as I state in sub penny assassin course).
Not only that, but the stock has basically been overlooked
by what looks to be the entire penny stock crowd...and they
truly have overlooked one of the most "legit" companies
that trades under a penny--in my opinion.
Take a look at some notes from my due diligence:
1) They are up to date on otcmarkets.com and are a fully
reporting company.
2) Check out these 2 blurbs from a quarterly report earlier this year:
We are a manufacturer (via 3 rd party contract manufacture) of touch based visual communication products for education and corporate worldwide marketplaces. Our mission is to design and manufacture high quality technology products. We manufacture a large range of touch screen and touch board products to suite all types of application from pen input wireless tablets, to large enameled steel touch-sensitive interactive whiteboards and large interactive Liquid Crystal Displays ("LCD"). Our products stand out from our competition in terms of our design, functionality and price offering. Our customers seek our products as they provide them with a different point of entry to the market in terms of price, quality of design and margin. Currently, demand for our products is exceeding our ability to supply.
For the first three months of the year, quarter ended March 31, 2013, as compared to the three months ended March 31, 2012, NET income for the period has increased by $120,388 from $(84,958) to $35,430. This can be attributed to the Management's focus on reducing overhead costs to maximize profitability when revenues increase.
3) They actually have a real product that you can actually buy:
http://www.touchittechnologies.com/downloads/...13_low.pdf
I actually went as far as to call this company and found out that I could buy
one of their products through Office Max...the Office Max rep actually called me
back...(most sub penny "company" phone numbers are bogus call centers)
4) The company has an active facebook page that they have been posting on:
https://www.facebook.com/ Touchittechnologies
If anyone can show me another company like this under .005 let me know...but I think
you'll have a hard time finding one.
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