The penny stock of COREwafer Industries, Inc. (WAFR) is getting some attention after announcing intentions to distribute a 1-for-20 stock dividend, payable on or about April 26, 2013 to shareholders of record as of April 12, 2013. Stuck in a trading zone for months, WAFR stock saw little to no joy off of today’s awareness. Despite taking on the torch passed over for testing and data mining of the most commonly used semiconductor components, traders may want to take a close look at whether or not the pinksheeter may have some intention of getting itself on to the OTCBB in the coming months.
Our Next Pick Is Coming Soon! Click HERE To Make Sure You Don’t Miss Any Of Our Breaking Alerts!
WAFR Stock Quote
Market Cap: 1.53M
Last: 0.02 ▼ -0.001 (-4.76%)
Dollar Volume: $12,209
Issued and Outstanding: 76,696,390
1st Resistance Point: 0.0233
1st Support Level: 0.0193
2nd Support Level: 0.0177
Looking for Hot Penny Stocks?
Click here To Receive FREE Penny Stock Alerts
COREwafer Industries, in 2012, acquired Core Wafer Systems, Inc. which creates proprietary software, software algorithms, and hardware that is used in the testing and data mining of the most commonly used semiconductor components. Core Wafer Syaytems was the sole supplier of technology for Agilent semiconductor test equipment as an OEM partner until Agilent exited the OEM Market. Now, Core Wafer continues to create software that can be used by Agilent hardware through 2015.
While COREwafer’s focus is twofold. Logistics & Transportation is handled through their bread & butter, Northeast Expedite Logistics, LLC, a provider of global logistics services operating which includes a domestic service center and exclusive and non-exclusive agents whose customers include retail and wholesale, electronics, and manufacturing companies around the world. Software & Technology makes up the newest focual area for the Company as high-Tech industry continues to grow at exponential rates. The main area is that of quality semiconductor testing.
Revenues for the 12 months ended December 31, 2012 and 2011 were $659,360 and $712,231, respectively, which were quickly absorbed by selling, general and administrative expenses which amounted to $2,566,438 and $964,242, respectively.
With sales orders of $315,000 supposed to have been invoiced and collected by the end of Q1, 2013 and funding also supposed to be on the horizon from the anticipated filing of the Form A1, COREwafer’s CEO, Gary Polistena, would like investors to believe that the Company’s projected revenue from the new software acquired from Core Wafer Systems, Inc. could amount to $108 million over the next 3-5 years with a roughly 50% profit margin. That alone is reason to have WAFR on the radar and looked into a bit deeper.
About WAFR Stock
COREwafer Industries, Inc., parent of North East Expedite Logistics and Core Wafer Systems, Inc., is a technology leader with their propriety measurement schema for physical phenomena of semiconductor structures.
Last 5 Trading Sessions:
WAFR is not even close to setting the penny stock world on fire, but is surely worth a close look at how the situation develops. If COREwafer can actually see and book revenues of even half their projected amounts for the next 3-5 years with a 50% profit margin as they predict, WAFR stock, assuming no dilution take splace, could easily be worth 2X to 3X its current amount.
Here is your opportunity to subscribe to the Most Read Penny Stock Newsletter
If You Can’t Make Money With Us, You Shouldn’t Be Trading Penny Stocks
(We are 100% Anti-Spam and will never rent or sell your information)Share