Other than American First Financial Inc. (AFRS) looking like on of the better penny stock plays for Thursday, there isn’t really much to say, in English atlest. Sporting a German default language website, the pretty-much shell corp. has made a pretty poor showing in regards of both AFRS stock performance and their business presence in the mortgage industry as of March 31, 2013. With a change in management and a new directive to invest in things like World Trade Center Cologne AG, whatever is up is negligible for now since it’s all about getting the flip timed right for now.
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AFRS Stock Quote
Market Cap: 1.50M
Last: 0.06 ▼ -0.03 (-33.33%)
Dollar Volume: $9,486
Issued and Outstanding: 24,982,205
14-Day Rel Strength: 24.34%
1st Resistance Point: 0.08
1st Support Level: 0.05
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In May, 2013, Dr. Michael Rau and Ditmar R. Goetz acquired a majority of the outstanding stock in American First Financial from J.R Stirling and William Arrington for an undisclosed amount. Nearly 3 months later, AFRS shares began to trade actively and, however you say slide on a razor’s edge ii German, is pretty much what they have done.
A month ago today, American First Financial announced that they took a 7.5% stake in The World Trade Center Cologne which, coincidentally, is apparently preparing to move forward with an IPO on a North American exchange before the end of 2013. Having been issued an enterprise value calculated by an expert’s report at €407 million, for what other reason than that would the Cohenator not be able to spam out alerts on AFRS stock during the next 24-48 hours?
AFRS stock as had a history, albeit a short one, of trading downwards in increments of less than 1,000,000 total in any particular session. Yet, being an SEC filer, late on their Q for the period ended June 30, 2013 causing OTCMarkets to issue a Yield sign on them, if the 2 managers took over the 16,600,981 and 2,000,000 shares Stirling and Arlington owned, AFRS could make a dash at the open, assuming no more shares have been issued since.
About AFRS Stock
American First Financial, Inc. is a development stage company that was once determined to become a specialty mortgage origination firm that deals in wholesale lending, primarily concentrating on non-conforming and sub-prime loans.
Last 5 Trading Sessions:
The recent track record suggests that AFRS stands a good chance of seeing better than double digit gains between the opening bell today and Friday’s closing bell. With so few decent penny stocks to play right now, AFRS stock should be on the watch list for pre-market bid/ask jockeying.
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