I am looking for opinions on pink sheet EINI. Read and respond, thanks!:|
from what i have gathered, the company brought on as ceo industry heavyweight michael jay solomon, who has alot, and i emphasize alot, of clout in hollywood fundraising circles. i live in burbank and hear about this guy all the time. (these industry players love to talk; that is how i happen to come across the ticker). they are getting these entertainment-types in the stock the next couple of weeks to raise money for their debut on the otc market. from what the company has indicated, the price will be set at $5. they are turning a bb in to a $50 million company! in the meantime, retail investors are buying up the float, which explains the dramatic movement. i expect the institutional buyers to be brought on some time next week, after they meet with the hollywood glitteratti. don't know much about the acquisition news, but that would definately be a bonus; makes sense though - high profile otc debut and great news the same day. i am long 5,000 shares at .62 and i increased my position by 2500 today at 1.00 after i got word of what's goin on. man it's nice being in on the ground level!
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)