Remember the “hanging-chad” elections in 2000? The penny stock of Homeland Security Capital Corp. (HOMS) gapped huge at the open to provide the fake positive results you would expect from politicians. Manned by former Maryland Congressman C. Thomas McMillen, HOMS stock is currently showing a percentage gain of 542% when the reality of it is a meager 20%.
Rumor has it that if you buy shares at these prices, you get a coupon for a free belt at your local The GAP Outlet store since you will likely lose your pants in this #2Flusher.
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HOMS Stock Stats
Last: 0.03, up 0.0304 (542.86%)
Volume: 1,171,788
Dollar Volume: $38,854
Open: 0.03
High: 0.04
Authorized: 2,000,000,000
Outstanding: 54,491,449
Filing their NT-10-Q On Wednesday must have the catalyst to drive the share price of this consolidator company. Although the top-line numbers are impressive, revenues of $4,887,478 for Q1 2012 compared to $0 for Q1 2011, the bottom line numbers are equally impressive with a net loss for the period ended March 31, 2012 of just $(118,858).
The authorized shares should be looked into in detail as they could basically acquire a small country with all that stock. Considering the obvious connections McMillen likely possesses, there shouldn’t be much at issue since less than $50,000 will trade on HOMS stock, even though there was over ten different alerts sent on the penny stock on Friday. Nothing like holding more worthless schmegma.
About HOMS Stock
Homeland Security Capital Corporation is a consolidator of companies, whose current subsidiaries provide title, settlement, escrow, appraisal and asset management real estate services. The Company is focused on creating long term value by taking a controlling interest in and developing our subsidiary companies through superior operations and management. They plan to operate businesses that provide real estate services, growing organically and by acquisitions of emerging companies that are generating revenues but face challenges in scaling their businesses to capitalize on opportunities in the aforementioned industry sector.
Check out the SEC filings for HOMS stock here.
Bottom Line: The penny stock of Homeland Security Corp., HOMS, can be put on the back burner for today and looked into on a day when you want to really study it. They book coin and that is expected considering the man at the helm. Revenues are huge and net loss is extremely acceptable considering how old HOMS is.
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