Today, GHN Agrispan (OTC:GHNA) stock may prove the saying that the good food always has connoisseurs.
This time, not the company’s products, but its shares may present its potential, which was maybe neglected by investor in the last months.
Despite the fact that at present three stock promoters are involved in supporting GHNA, the recently announced financial statements may also be in favour of the forthcoming stock rush.
At the end of last year, one looking for stock-stars promoter just mentioned some basic facts related to GHN Agrispan and succeeded to evolve a huge shares’ rush. As the “environment conditions” now are almost the same as they were then, it looks like the underestimated by investors GHNA may really bang.
For those investors that like the risk, an opportunity arises to bank gains. The low price of the shares may also be appreciated highly even by bullish investors with plans for long positions in GHNA.
The recipe for the success of GHNA may be formulated as “Financial Statements… and a Stock Promotion”.
The present investor awareness campaign for GHNA is led by three stock promoters. Each of them discloses information about a compensation for the services rendered of fourteen thousand dollars.
At the same time, GHN Agrispan announces in its financial reports optimistic data that even promoters can not present better.
The company generates revenues from two sources. The first mainstream of the company’s income is its catering/ food distribution business. The second one is the business related to agricultural operations.
For the year ended December 31, 2010 GHNA generated revenue only from product sales of $24 million, noting an increase of 20,546.8% compared to the previous year. At the same time, from catering service and restaurant sales GHNA reports generated revenue of almost $8 million for the year ended December 31, 2010.[BANNER]
In addition to the net cash provided by the company’s operations, for the year ended December 31, 2010 GHNA reports net cash of $2.6 million provided by financing activities. From that, $1.1 million came from a private placement and the remaining more than $1.5 million were secured from short-term bank borrowings and from related parties.
Maybe, not less important for investor facts about GHNA are that as of the end of last year the company presented total liabilities and stockholders’ equity of $17.35 million and diluted net income per share of $0.16. At the same time, though yesterdays’ 10% shares price increase, the market value of GHN Agrispan was $12.19 million.
