Investing via eMail: QCPC
If you are like me you probably get a large amount of junk email.
Recently I’ve been getting a large amount of junk email giving me stock tips. Stocks are one of those things you need to be very wary of in regards to getting email tips about.
Today we will be taking a look at QCPC: Quantex Capital Corp
Watch QCPC Go For A Run! Here Are The Facts!
Quantex Capital Corp
Symbol: QCPC
Price: $0.44
5-day Target: $2.00
Rating: Strong BuyWhy QCPC?
Quantex Capital Corporation: Samlex America Sign US Distribution
Read More Online! Call your Broker! Wake up Now!QCPC Will Start Running On Mon Jan 22!
Will You Ride This Wave?
Wow! Where’s my Rolodex? I better call my broker and jump on this hot stock tip I got in my email! Hey, wait a minute… Why would someone want to share such a hot tip with me? Might they profit of this if I was buying the stock?
Let’s look this one over.
According to Yahoo Finance the stock is sitting at $0.44 Monday morning before trading opens up. I can only get 5 days of trade information on this one from Yahoo Finance. There have been a few large trades recently but most of them have been when the stock was above $0.44. Let’s dig a little bit deeper…
In the email it claims that they signed a deal with Samlex, looking through the financial news we find that this is true:
“The agreement provides Samlex with the right to be the main distributor for Hengfu in North America and provides the company with an opportunity to bring high quality power supply products to the one of the largest markets in the world,” stated Mr. Evan Baergen, President of Quantex Capital Corporation.
“With a well-funded sales and marketing program supporting the Hengfu distribution arrangement, Samlex has the opportunity to increase its existing Switching Power Supply business from roughly $700,000 to more than $3 million within 36 months,” stated Samlex America President, Jonathon Dugdale.
What we now know is that Samlex is a subsidiary of Quantex and this deal is in regards to power supply equipment. This is getting more interesting. This is the point where I normaly find an article about insider trading or other nefarious business practices.
This shows up later in the same article:
With respect to the recently filed lawsuit in the Supreme Court of British Columbia relating to a loan agreement with Hunter Consulting International Inc., the company is pleased to announce that it has reached a tentative settlement agreement and anticipates the execution of a definitive settlement agreement shortly.
By taking a quick trip to money.cnn.com we can find a little bit more information on this stock.
It looks like this stock hit a high of $0.90 on December 29, 2006 with about 200K shares trading hands. That’s about all I can get on this one, for now…
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