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I stumbled upon Ethernity Networks Ltd (LON:ENET) whilst looking through companies with negative enterprise value. Amongst the usual garbage of Chinese RTO's and moribund financial firms I came across ENET. As it was listed as a technology firm I figured I'd check it out since they can often have plenty of cash sat on the balance sheet.
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Network-1 Technologies Inc (NTIP) - A micro cap with downside protection and 50+% upside potential8/28/2018 Network-1 Technologies Inc (NTIP) is a micro cap IP licensing company trading on the AMX market of the NYSE. Here's the firm's vital statistics at the time of writing;
My journey through the shadowlands of dark stocks continues with Beaver Coal Co., Ltd (BVERS). This stock is as dark as they come with virtually no financial information available.
I happened upon this stock whilst looking through highly priced dark stocks with high dividend yields. I almost didn't bother digging any further given its a coal company, "these companies are in secular decline aren't they?" I thought. I decided to continue digging to confirm my suspicions that this was a dead end . Okay, it was the dividend yield that kept me digging! I have been following the work of Dan at nonamestocks.com with great interest over recent months. He focuses his attention on looking at micro/nano caps, OTC, dark and grey stocks in order to fish where there is the least amount of competition and to try and maximize his ROI. This approach seems well reasoned to me and Buffett/Greenblatt/Munger have all suggested individual investors managing relatively small amounts of money should pursue this course in order to uncover the most compelling investment opportunities and minimize their competition.
With this inspiration in mind I have been trawling through the OTC markets on the hunt for potential investment opportunities. I came across PLWN by using the OTC markets screener to try and see if I could find anything of interest. This screener does not have all the ususal price and value metrics that most screeners have so you have to get creative with it. I hit upon the idea of omitting all the OTCQX and OTCQB stocks and all Pinksheets with current information to remove stocks which might show up else where (minimize the competition!). This left me with the Pink sheets with limited or no information and Grey market stocks. In number terms this works out at 9591 stocks to look through! I then decided to use the price function to rank these stocks by price per share to find the highest priced stocks, I figured the highest priced shares would be even more illiquid and even less likely to attract any interest. Whilst scrolling through the list I was looking out for a few things, dividend yields, boring names (As Peter Lynch suggests) and volume traded. On page 6 Pinelawn Cemetery (PLWN) caught my eye. |
David J. FloodUK based Value Investolator. I focus on Net-nets, Nano caps, OTC/Dark stocks & Special Situations. Balance sheets & Long-range price charts are my guide. Caveat Emptor! Archives
June 2020
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