I saw this on Saturday and it seems to be on target.
My smart pick for the week is WHKA. These are the reasons why
1. This new hockey league led by Bobby Hull is playing its
champion****p series this weekend and the winner will play another
league's champions from Eastern Canada. This will bring publicity over
the coming weeks from an entirely new geographical region. Expansion
plans from 6 to 16 teams will be announced after the champion****p
series is over.
2. The league will send an all-star team to Japan in April which will
give it international exposure leading into and through the series of
games played against Japanese teams during the tour.
3. The WHA is claiming it has been defrauded by its finance people and
that they have illegally printed up to 100 million shares of stock,
illegally spammed WHKA stock and dumped the positions into the open
market. The fraud is so abusive that the WHKA says these people even
printed some of the certs in their own names.
4. The CEO has stated a big lawsuit is coming. No young company's
stock price could withstand the illegal dumping of up to one hundred
million shares without cru****ng the stock and this is what happened
with WHKA from Nov to early Feb when the stock was smashed from the 40
cent area to below one penny.
5. Lawsuit stocks are often hot plays (Look at INRA, for example)
6. The damages being bandied about the net are claimed to be from 100
million to 200 million dollars and one of the perps is said to be
another public company trading at $1.75 per share. In fraud cases,
there is no bankruptcy provision that will get you out of the debt if
you lose. If WHKA wins, it will be able to seize the assets of this
company and the personal assets of the individuals who may have been
involved in personal crimes.
7 The stock just played a very wild swing of from .0016 to .016 over
the past two weeks and has now settled due to profit taking into the .
005 area which on the daily charts should be sup****t. When it hit this
area yesterday, the sellers dried up.
8 Any news this coming week on the lawsuit, the potential damages or
the league and its expansion plans could make WHKA take off to new
recovery highs, imo. This would make the pick not only smart, but hot
as well
|
