Tomorrow marks the first day of spring which means sports and extra curricular activities outside the bedroom commence for most of the Northern Hemisphere. One Company said to currently be the feature of a cold-calling campaign, Prince Mexico & S.A., Inc. (OTC: LUVE), is hoping they can use the end of winter to boost its share price. Focused on selling and distributing Prince USA brand products through their exclusive rights agreement in Latin America, LUVE stock is on watch for the next penny stock to attempt to break past $5.
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LUVE Stock Quote
Market Cap: 44.53M
Last: 0.79 ▲ 0.0102 (1.31%)
Issued and Outstanding: 56,050,001
1st Support Level: 0.7665
2nd Support Level: 0.7533
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Prince Mexico & S.A. announced on Monday that their penny stock, LUVE, commenced trading on the OTCBB. Francis Duncan Forbes, President and CEO of the struggling Company stated “This is an exciting time for our company and our growing shareholder base. Taking Prince Mexico public provides the strength needed to develop our brand in terms of both market awareness, and retail demand.”
Really what it is is a chance for LUVE shareholders to see its stock price get raised to a level far from within the reach of the $7 price target the www.luvereport.com is telling novice investors it will go to.
Started as Eurasia Design, Prince Mexico S.A. is said to hold an exclusive license to distribute Prince USA brand name products in Mexico, Central America and South America. Details in the SEC filings indicate that the agreement with Prince USA, subject to minimum purchase and advertising budget requirements, was in effect from April 15, 2008 through December 31, 2012.
Although no where is it stated that the agreement was terminated or extended, Prince Mexico had a tough time meeting the requirements necessary to close the reverse merger with Eurasia Designs due to inadequate financial statements for the years ended December 31, 2011 and 2010. When the balance sheets of Linea Deportiva Prince Mexico, S.A. de C.V. were finally audited and submitted by De Joya Griffith, LLC, revenues were just $499,156 and $506,750 for the fiscal years ended, respectfully. Revenues were able to generate gross profits for the two fiscal year ends of just $110,772 and $61,789, respectfully.
The big push for the Conrad C. Lysiak incubated LUVE stock will be the unlimited number of stats that can be thrown out about how Prince USA products have for years held the number one spot in the world for rackets in squash, tennis and racquetball. The common sense approach though is to translate how much of the racket and ball sports equipment market, an estimated estimated market opportunity in Latin America alone of roughly $400 million, is obtainable by Prince Mexico S.A.
It all boiler rooms down to how much you think Mexican tycoon Carlos Slim can affect the sales of both the Company’s products and their penny stock with the $1.8 million awareness campaign which has just kicked off.
About LUVE Stock
Prince Mexico S.A., Inc. is a sports distribution company focused on delivering industry-leading sport products to the Mexican markets with their exclusive distribution rights to sell Prince, Ektelon and Viking brand name products in Mexico.
Click here to view the SEC filings for LUVE.
Click here to view the website for Prince Mexico S.A.
Last 4 Trading Sessions:
Bottom Line: LUVE is a penny stock best suited for longer traders who have the patience to wait for weeks before seeing any significant gains on their investment. Those are likely to be the same words those receiving cold calls informing them of the great opportunities LUVE stock presents over the next 12-18 months. The difference being anyone who has made money trading $1 plus penny stocks knows when to turn off the greed button.
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