New York, New York August 14, 2013 www.thestockwatchalert.com has been keeping an "EYE" on the markets since 1999. Make sure you sign up now to get information on what's hot and why and what's not and why not in the small cap market. If we aren't covering it, it's not worth writing about.
This article takes a look at several active stocks in the Small Cap Markets. We will bring you a brief description of their business plan, and discuss highlights from their latest filings. In a segment called "Where did the shares come from?" we have researched where the shares in the market initially came from, and the original purchase price. The final segment shows recent trading levels including volume and price. This objective information is pulled directly from the Companies featured as we feel that this information often provides insight into trading patterns. While all of these stocks are making someone money, we wish to arm our readers with the information necessary to keep you from being the one holding the stock when the music stops.
****We are highlighting the filings of the following companies***
(OTCQB: ENSV) ENSERVCO Corp.
Business Plan: ENSERVCO is a provider of well-site services to the domestic onshore conventional and unconventional oil and gas industries. Through its various operating subsidiaries, the Company has rapidly emerged as one of the energy service industry's leading providers of hot oiling, acidizing, frac heating and fluid management services.
Highlights from their latest filings: "For the three months ended June 30, 2013, the Company recorded a net income of $191,000 or $0.01 per share (diluted), compared to a net loss of $440,000 or $(0.02) per share (diluted) for the comparable period last year (an improvement for the three month period of almost $640,000). Revenues for the quarter increased by $2.4 million or 44% and gross profits increased $1.2 million or 105% over the same quarter last year."
Where did the shares come from: As of June 30, 2013 and 2012, ENSV had outstanding stock options and warrants to acquire an aggregate of 8,867,226 and 2,655,000 shares of Company common stock, respectively, which have a potentially dilutive impact on earnings per share. In November 2012, the Company granted a one-half share warrant for every full share of common stock acquired by the equity investors. As such, the Company granted warrants to purchase 2,849,714 shares of the Company's common stock, exercisable at $0.55 per share for a five year term. Each of the warrants may be exercised on a cashless basis and have a price-reset provision
Recent Trading Levels: ENSV dropped down to $0.90 on July 3rd with only 28,000 shares traded a summer low but yesterday it closed at $1.40 with over two hundred fifty thousand shares traded.
(OTCQB: IEHC) IEH Corp.
Business Plan: IEH designs, develops and manufactures printed circuit connectors for high performance applications. They have also developed a high performance plastic circular connector line.
Highlights from their latest filings: "Net sales for the year ended March 29, 2013 amounted to $13,330,097 reflecting a negligible increase versus the year ended March 30, 2012 net sales of $13,292,732. The increase in net sales is a direct result of a slowly recovering economy. Therefore, we will need to generate higher revenues to achieve and maintain profitability and cannot assure you that we will be profitable in any future period."
Where did the shares come from: On August 31, 2011, IEH's 2011 Equity Incentive Plan ("2011 Plan") to provide for the grant of stock options and restricted stock awards to purchase up to 750,000 shares of the Company's common stock to all employees, consultants and other eligible participants. IEH has 2,303,468 shares issued and outstanding as of March 29, 2013.
Recent Trading Levels: IEH has been trading between $2.50 and $3.00 all summer long with two days barely breaking 10,000 shares in volume and one day reaching 28,000 shares. Yesterday it closed at new high $3.48 and volume hit a new high with almost 50,000 shares traded.
(OTCQX: DPDW) Deep Down, Inc.
Business Plan: Deep Down, Inc. is an oilfield services company specializing in products and services for the deepwater and ultra-deepwater oil and gas industry. Deep Down's services include providing distribution with installation support and engineering services, umbilical terminations, loose-tube steel flying leads, ROVs and related services, and large portable umbilical carousel systems.
Highlights from their latest filings: "Revenues. Revenues for the six months ended June 30, 2013 were $15,314,000. Revenues for the six months ended June 30, 2012 were $12,777,000. The $2,537,000 increase (20 percent) has occurred primarily due to increased demand by our customers for our technologically innovative solutions as a result of our consistently successful project execution."
Where did the shares come from: On June 5, 2013, DPDW granted 700,000 shares of restricted stock, par value $0.001 per share, with a grant date fair value of $2.03 per share, to certain key employees. There are 10,831,470 shares of Common Stock Outstanding.
Under the 2003 Directors, Officers and Consultants Stock Option, Stock Warrant and Stock Award Plan, the total number of options permitted is 15 percent of issued and outstanding common shares.
Recent Trading Levels: DPDW hit summer low on July 2nd of $1.75 with only 843 shares traded, since then it has bounced in between there and $2.00 on low volume with most days volume not reaching ten thousand shares however yesterday it broke $2.00 for this first time this summer and closed at a recent high of $2.30 with record high volume of almost two hundred thousand shares.
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