Printing documents may have become a thing of the past, but Greene Concepts Inc. (LKEN) would disagree with that as they pace themselves for record revenues. Filed just yesterday with the OTCMarkets, the A+ Better Business Bureau rated ink provider is on pace to bring in over $1 million in sales through their Inkway USA subsidiary. With the updated financials out during one of the slowest trading weeks of the year, traders may want to pay close attention to LKEN stock since the PPS is less than the ink the certificates are printed on.
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LKEN Stock Chart
Market Cap: 321.62K
Last: 0.0063, up 0.0013 (26.00%)
Dollar Volume: $446
Average Trade Size: 21,750
Issued and Outstanding: 264,201,936
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Greene Concepts is an ink technology company that manufactures and distributes a line of high quality consumer focused inkjet refill kits. Their revenues for the three months ended October 31, 2012 were $264,153. That’s a whole lot of ink. So much ink that it was a 1,122% increase compared to the same period the year prior.
Revenues inked (had to do it) during the three month period resulted in a Gross Profit of $204,097 — one heck of a margin to work with while sales are expanding and the BBB is giving you the kudos customers look for. Traders may be looking for the same thing that Founder and Chairman of the Company, Lenny Greene is focused on: “a vision to make Greene Concepts a billion dollar company.” (see here)
Little by little, line by line, the more one reads the inked details of Greene Concepts, the more and more attractive LKEN stock begins to look.
About LKEN Stock
Greene Concepts, Inc., in service for 58 years, manufactures and distributes a line of 25 high quality consumer focused inkjet kits with over 1,000 advanced and exceptional proprietary ink and toner “Do It Yourself” Refilling Systems and other products for all inkjet and toner cartridges. Click here to view the website of LKEN.
Last 5 Trading Sessions:
Bottom Line: LKEN is a very interesting penny stock and growing at a pace that commands some attention. Having traded as high as 0.03, with volume, only for a few days in August, consistent trading is going to be required if LKEN stock is to improve the awareness of their stock and products with the public.
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