Highline Technical Innovations, Inc. (PINK:HLNT) should be put on the watch list of high-growth stocks as another wave of buying has started. Amazing gains were recorded after the company received new orders from SFC Buy Direct and Anything RV.The new orders will allow for some $749 thousand initial revenues and the cooperation will continue throughout the year. The amount is more than their reported quarterly revenues from all three subsidiaries. The potential is driving the minuscule stock price up, even though the company looks risky due to heavy debt load and lack of assets.[BANNER]
The proclaiming profitability financial statements are not filed with the SEC and are not even audited. The company is paying their debts with stocks as it doesn’t have enough resources, but its official policy is to avoid dilution, which is done by changing in-house restricted shares to preferred and distributing them among board members.
So far, there has been a lot of positive feedback concerning the CEO’s performance and Highline’s ability to deliver good news. The uptrend is sticking, but due to a large outstanding shares count the market cap is already in tens of millions, despite the extra small price per share. Since fundamentally the company is nowhere near this valuation, there is limited space for price appreciation on the market, unless some of the shares are to be discarded by the management.
