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IMPORTANT !! Before reading, refer to this post: Keeping an Eye on the Sinner
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ONGO (On The Go Healthcare Inc) – OTC:BB
Share Structure:
100 million A/S
Notes:
1) Has reverse split and diluted at least once – VERY BAD
2) A Multi-Industry Value Added Reseller (VAR) catering to many Fortune 500 companies
3) Has made progressive steps to reduce operating expenses and improve synergy through organic growth.
4) Has had increasing revenues through aggressive acquisitions with a renewed company focus – technology.
5) Has recently eliminated debt prematurely.
6) At 100 million shares outstanding (full dilution) at $0.01, the company is valued at a market cap of $1 million. Highly UNDERVALUED (recall the $30 mil+ in annual sales).
Suggestion:
This one is still falling like a rock, and justly so. The CEO will not hesitate to squash investors in order to inch the company towards profitability. Nevertheless, the synergy and organic growth that ONGO’s concentrated subsidiaries ought to yield over the next few years will likely lead the company to profitability and beyond. This is based on the inevitably growing technology sector and the loyal company clientele. Watch for signs of profitability over the next year and cautiously decide whether to get in. At a $1 million market cap (full dilution, in theory), the company is a bomb waiting for the right time to go off… if it ever goes off.
MTTG (Material Technologies Inc) – OTC:BB
Share Structure:
82 Million O/S (
106.83 Million O/S (checked on Yahoo!
Notes:
1) Recent LA Business article
2) A Good Overview by Larry Oakley
3) “The world’s only non-destructive testing device able to find growing cracks in bridges as small as 0.01 Inches in length & even under the surface.”
4) Has been in development for 10 years, and has FINALLY reached marketing
5) Has received first contracts with a state DoT, several state DoT’s have expressed interest
6) Technology has the potential to expand beyond bridges (railways, airplanes, etc)
7) Stock has reverse split and been diluted many, many times – VERY BAD
Suggestion:
MTTG’s potential is amazing, but it has taken years of walking over investors in order to reach a point where the product has become marketable. Since the government bureaucracies will be the main buyers of the technology initially, expect huge lags to get this ball rolling. It’s difficult to get a read on how big the market for this product is, but it is clear that it has major potential for years on out in light of an aging system of transportation infrastructure. Watch for contracts that will make this company profitable. Also watch for steady share price turnaround indications prior to committing.
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