So, what exactly would you need to know before investing in a pink sheet like Emamba International Corp. (PINK:EMBA)? It has been exactly a month since this stock has been brought back to life, and the need for additional information spawns questions, yet some still without an answer.
The last day of the week was not really exceptional in any way for Emamba. The regular trading volume of 1 million shares exchanging hands, a session closing at $0.41 per share. Less than a 10% increase for the day, despite the alert sent around noon. On the other hand, it is a bit strange that the trading volume did not soar that day. This Friday, an announcement came out, regarding a business development agreement. An agreement, which was very likely to inspire traders for a way more intense trading session. Yet, it did not happen.
One possible reasons – Emamba is a pink sheet company still labeled “Pink Sheet Limited Information” on some financial websites. Not exactly the source for confidence in investors. Yet, this has its roots, and they lie mainly in the fact finding sufficient information on how the company has been doing throughout the last few years, especially as far as the balance sheet is concerned. On the other hand, the good news is that there is a report for 2011. A financial statement that covers a period with an end-date March 31st, 2011, but still better than the previous one which covers the last quarter of 2007. There is much information to read in this Initial Company Information and Disclosure Statement from July. At least, it is a source to look into now. [BANNER]
This is not enough, though. While there have been successful sessions for EMBA, it is a long way to stability and growth. For once, six months after the above financial report, there is nothing out regarding the second quarter of 2011, which is not what most investors are looking for. Until this situation changes, it is uncertainty that would prevail on the stock market.