Investors have long made most of their money by following up with all of the 8K filings of OTC listed penny stocks in hopes of finding that one bit of information they need in order to get ahead of the pack and bank big profits from their efforts. Such was the case for those who jumped on The Mint Leasing, Inc. (MLES) when details were revealed midday on Tuesday of how the car leasing company has made a move to acquire Investment Capital Fund Group, LLC Series 20 who are the beneficial owners of 52 Sapphires from the King and Crown of Thrones collection. With an estimated replacement value of $108.59 million and a total carat weight of 3,925.17, MLES stock has stepped on the gas from its 0.16 PPS when the document was delivered.
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MLES Stock Quote
Market Cap: 54.88M
Last: 0.37 ▲ +0.21 (+131.25%)
Dollar Volume: $115,072
1st Resistance Point: 0.5467
1st Support Level: 0.1967
52Wk High: 0.55
52Wk Low: 0.01
The Mint Leasing’s acquiring a 3,925.17 carat gem and adding it to their assets only makes the car leasing company that much more valuable. As of June 30, 2014, the mainly Texas focused car leasers already had $17,869,629 in assets, most of which was their automobile inventory, of which they had already booked $3,419,610 i lease focused revenues for the first 6 months of the year.
Numerous PR statements had been hitting the wires since Wednesday stating how The Mint Leasing and Sunset Brands, Inc. (SSBN), dba Sunset Capital Assets, completed a share exchange which provided for them to get their hands on 100% of the voting securities and 99% of the non-voting securities of Investment Capital Fund Group, LLC Series 20. The 8K filed the day before details how Jerry Parish, the sole officer of the Company, owns 44,678,872 shares of MLES stock, while Victor Garcia and Sunset Brands Inc. own 34,502,755 and 62,678,872, respectively, making the float somewhere around 6.47 million.
The jump on MLES stock from the acquisition has caught traders so off guard that not a single post has popped up onto the iHub hosted message board for The Mint Leasing since February, 2010. Needless to say, the car leasing business might be stagnant right now, but throw a $100 million gem into your assets and have a float half the size of the population of most major U.S. cities and you have your self a free running ticker until the gas runs out.
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About MLES Stock
The Mint Leasing, Inc. is a company in the business of leasing automobiles and fleet vehicles throughout the United States.
Click here to view the SEC filings for MLES.
Click here to view the website for The Mint Leasing.
Issued and Outstanding: 148,333,288
Last 5 Trading Sessions:
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