Currently MFGD is a 23 cent stock that can easily surpass a dollar. Please go to their website for what they are all about http://www.mygoldenvelope.com/
Essentially, they buy scrap gold trhough advertising on television and the web. So what are the catalysts for a big upward move?
1) People formally value it at >$1
2) Insiders are buying
3) They are expanding and advertise in multiple languages
4) Easy to understand business
5) Big volume spike
6) This will be the ultimate stock as gold goes bonanza
Downside:
1) The insiders milk the company and the stock is basically a ponzi scam.
2) Advertising, which is done by an insider, expenses get out of hand
3) People sell their gold locally, not via web, but understand that QVC and Home Shopping Network made no sense at first either.
4) Can one justify a 30 million market cap going to $300 million?
LETS SEE!
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