SMKY = Potential 30+ BAGGER & WHY!!.......LC.........SMKY has a double bottom reversal pattern in full momentum, hitting a high today of .039 after a strong 16% close yesterday. SMKY is famous for its run in 2011 from .001 to .89, and after an equally long consolidation period we're set up for another huge multi-week rally.
SMKY is a developmental stage company, engaged in the manufacture and sale of smoked meat products using a proprietary cooking technology which enables preservative-free production. Sales and distribution are presently accommodated through retail (internet) and wholesale distribution strategies intended to exploit the Smoky Market brand.
But why the recent attention??? It's because a very big update on financing is expected as soon as next week. $3.5 mil in interim financing, $25 million by a third party, and an additional $15 million is to be negotiated. With these numbers coming down on an approximate 9 million float, count on this making some unreal gains. Even a supposed "bounce" on the weekly chart can yield a rally well beyond .15, which happens to be the price of warrants to purchase common stock , taken from their recent 10Q:
In June 2012, (i) in exchange for $4,500 in cash, we offered and sold to an individual 150,000 shares of common stock with a fair market value of $4,500 (or $0.030 per share) and warrants to purchase 150,000 shares of common stock at $0.15 per share, exercisable over three years; and (ii) in exchange for $20,000 in cash, we offered and sold to an individual 480,000 shares of common stock with a fair market value of $20,000 (or $0.042 per share) and warrants to purchase 80,000 shares of common stock at $0.15 per share, exercisable over three years..
Once funding is "in the bank," the fundamental fair price value exceeds $1.00/share, and knowing this company ran to .89 just last year, there's not a reason why it can't do it again.
Last paid promotion was in 2008, has not been a promotion since, so it's safe to say SMKY is not a pump and dump.
SMKY is a developmental stage company, engaged in the manufacture and sale of smoked meat products using a proprietary cooking technology which enables preservative-free production. Sales and distribution are presently accommodated through retail (internet) and wholesale distribution strategies intended to exploit the Smoky Market brand.
But why the recent attention??? It's because a very big update on financing is expected as soon as next week. $3.5 mil in interim financing, $25 million by a third party, and an additional $15 million is to be negotiated. With these numbers coming down on an approximate 9 million float, count on this making some unreal gains. Even a supposed "bounce" on the weekly chart can yield a rally well beyond .15, which happens to be the price of warrants to purchase common stock , taken from their recent 10Q:
In June 2012, (i) in exchange for $4,500 in cash, we offered and sold to an individual 150,000 shares of common stock with a fair market value of $4,500 (or $0.030 per share) and warrants to purchase 150,000 shares of common stock at $0.15 per share, exercisable over three years; and (ii) in exchange for $20,000 in cash, we offered and sold to an individual 480,000 shares of common stock with a fair market value of $20,000 (or $0.042 per share) and warrants to purchase 80,000 shares of common stock at $0.15 per share, exercisable over three years..
Once funding is "in the bank," the fundamental fair price value exceeds $1.00/share, and knowing this company ran to .89 just last year, there's not a reason why it can't do it again.
Last paid promotion was in 2008, has not been a promotion since, so it's safe to say SMKY is not a pump and dump.
