If you don’t have Forum National Investments Ltd. (OTC: FMNL) stock on your list of penny stocks to watch, get it on their immediately. FMNL stock could very well be the next sub $1.00 play to go on a steady uptrend into June and the weeks to come after the shares closed at $0.94, up 38.24%, just 1 cent below the HOD. With hard mailers already in the hands of investors nationwide, FMNL shares have had only three trading days and that’s why you need to have what could be a highly profitable play on your radar for a possible breakout.
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FMNL Stock Chart:
Avg Vol (3 month): 26,737
Avg Vol (10 day): 200,243
Shares Outstanding: 32.52M
Promo Budget: $650,265
Tuesday, the Company announced that formal agreements in relation to the negotiation and due diligence with ALIYA LifeSpan LLC on a working agreement to potentially merge their business interests in the US Life Settlement marketplace was in place. Life Settlement is a growing market with the enormous number of senior citizens who will fail to continue paying their life insurance premiums before the full term required to collect. The business model offers opportunities to access the market value of a life insurance policy before it comes to term.
Today, Forum announced that they have developed a world class propriety software analysis and Life Settlement tracking system which currently tracks over $10 Billion of Life Settlements death benefits representing over 1,700 insured individuals, with an average age of over 75 years. Insurance companies saved $1.1 Trillion when 19.8 million policy holders stopped making payments. In comparison, the industry paid death benefits on 2.2 million policies.
Through a finalized agreement with ALIYA Lifespan and other institutions, Forum is seeking to access a large retail and institutional investor base for its Life Settlement Investment products. Forum plans to fully utilize its propriety Life Settlement analysis and tracking system to monetize its currently estimated $5 Biillion in annual death benefit aggregation.
Forum National Investments operates through its wholly owned subsidiary American Life Settlement Society, a company that allows senior citizens to live out their lives well without financial constraints. Furthermore, ALSS is structured to be able to capture the beneficial offerings to seniors with their mature club offering luxurious vacations at wholesale prices and “The Spirit of 2010”, a 120′ tri-level yacht, epitomizing a luxurious cruising experience.
Basically, you cash in your life insurance policy while you’re still alive based on a life expectancy calculation. FMNL pays your insurance premiums from that point forward and you take a check for an agreed upon amount and enjoy your life. But, before you walk out so quickly, wouldn’t you like to take a vacation catered to people just like you or a cruise on our 120 ft. yacht to celebrate your new financial independence?
Note: Roughly $10 billion in insurance policies (face value) are settled annually, but analysts claim that more than $170 billion in policies qualify for settling. That means the ceiling for sales is much higher than many might realize.
There’s no question that FMNL stock could be a marathon runner with volume on the rise to support the already bullish sentiment the penny shares are generating. Most of the gas that fuels this penny stock for gains will be from the hard mailers which have already reached mailboxes across the country. (see here)
The table below summarizes the attributes of outstanding life settlement contracts at September 30, 2011 and 2010:
|Year||Number of contracts||Estimated Fair value||Face value (CAD)||Face value (USD)|
Oh yeah; per the September 30, 2011 fiscal year end report, FMNL had $31 in the bank. To view the most recent Financial Filings for FMNL, click here.
Bottom Line: With just three days of volume and hard mailers in circulation, FMNL stock is a ‘no brainer’ for adding to the list of penny stocks to watch. Something big could happen here on Wednesday morning and, if the float and outstanding shares are accurate, considering the company has not filed any current info, this penny stock will be above $1 before you can digest your breakfast on Wednesday.
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