Electron Solar Energy
Some of the funniest things that you can ever read about stocks trading on exchanges such as the Pink Sheets and the OTCBB are the disclaimers from the entities promoting these companies.
Take this one from an entity that calls themselves “Bullish Energy Report”.
The target price was determined arbitrarily and may fluctuate, please always consult a registered financial advisors before making any decisions.
That line was actually in their disclaimer. It gets better. They were paid three hundred thousand shares of stock that need to be sold to pay for the cost of this advertising. At the time of this post, the stock was trading at $1.30 a share. Of course, they were paid by a third party.
Bullish Energy Report has a target price of $16.10. I don’t call that arbitrary. While we’re on the arbitrary, let’s continue. I arbitrarily predict that this stock will be 10 cents much quicker than it’s $16.10 a share.
Where’s my 300,000 shares third party?
August 2nd, 2007 at 7:54 pm
esrg is currently trading at .50 cents. Incredible ! Did all that marketing actually backfire ?
August 8th, 2007 at 12:30 pm
ESRG is unique because they are one of the few attacking the worldwide market as opposed to other companies who put all their eggs into one basket. This helps mitigate some of the risk that penny stocks have. I don’t think it will be at $16 any time soon but it should start climbing up. I would set my 1 year target price at $2.50 assuming they report a good 3rd and 4th quarter. Based on their pipeline I think this will happen.