Have you ever dreamed of buying that once-in-a-lif
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Have you ever dreamed of buying that once-in-a-lifetime penny stock that actually materializes into a highly successful company with a $1 Billion+ Market Cap, trading on a major exchange?
That opportunity is now! You may recall the excellent run that occurred last summer for SMKY (Smoky Market Foods). It ran from sub-penny to a high of .89, and it all happened on pure speculation. Now the company has positioned itself to achieve real results, and it is starting to look like a similar run is already beginning:
http://stockcharts.com/c-sc/sc?s=SMKY&p=W...3061995749
SMKY has a USDA-approved, proprietary smoke-baking process for producing some of the best tasting and most healthful meat and seafood products money can buy. Their products have been introduced to major distributors and retailers across the U.S. and Canada, with very strong interest expressed by all that have had a taste.
In order to proceed with major distribution, SMKY has positioned itself to acquire several related private companies, including their current Iowa meat processor and a couple of Canadian fish companies. By targeting a conglomerate of food companies, which currently produce a combined $80M+ in annual sales and are profitable, SMKY is able to attract private equity funds to complete said acquisitions and provide operating capital to begin major distribution in both the U.S. and Canada. SMKY intends to raise capital through convertible debt financing, which will initially be restricted from conversion and trading, thus allowing some time for SMKY to establish itself and reach its fair market value. Conversion will be based on the future share price of SMKY, thus limiting the potential for dilution down the road.
The current free-trading float for SMKY is approximately 17M shares, with a majority thought to be held by long-term investors willing to hold for much higher share prices, including approximately 8M held by original seed investors from when SMKY first went public 5 years ago. With so few free-trading shares available, it is highly likely that the share price will move substantially higher as the company’s objectives begin to materialize. That is why it is quite possible the next run for SMKY will dwarf that little run to .89 last summer.
It is my expectation that SMKY, which has gone for several months without a hint of news, will soon begin to reach its initial goals and make several announcements regarding this progress. While the larger financing for acquisitions may still be a few weeks away, some initial funding is expected as soon as this coming week, which should allow for initial distribution plans to proceed, and that will only be the beginning for what should become one of the most legendary penny stocks ever…
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