This will just be a short update on various companies.
Phantom Fiber (OTCBB: PHFB) - Phantom Fiber is moving ahead nicely and it is somewhat perplexing as to why the stock doesn't get more support in the open market. In many cases, small/micro cap stocks are overvalued in the marketplace due to so much of the price of the stock being tied up in "potential". In my opinion, Phantom Fiber is one of the most UNDERVALUED small caps that I have come across. For example, the total float on Phantom Fiber is around 20M and they have a stock price of $0.18 with a resulting market cap of around $3.6 million. The recent deals that they have announced will result in more income over the next 12-18 months than their entire current market capitalization. My personal opinion is that the stock should be priced over $1 per share, at a minimum, but I am currently running numbers to come to my own valuation. I'll let you know when I have a better handle of the "current" value and where I think it could go.
Gateway Int'l Holdings - They filed an amended Form 10 last month. I presume that it was amended to address comments from the SEC (this is standard procedure). I have not heard anything from the company, but did notice that at a couple of brokerage firms they are now quoting an old price again, so that tells me that something is at least moving through the system. If I hear any updates, I'll pass on what I can.
CryoPort, Inc. (OTCBB: CYRX) - I am just waiting for Q1 financials. We have seen a little bit of support in the stock over the last week or two, which is a positive sign. Ludlow Capital has a very basic write-up on CryoPort and recently increased their price target to $1.50. The price target on the stock represents a nice percentage increase, but does not reflect the value in this company. If CryoPort announces that they have signed a significant deal, it will be very interesting to see the stock react. My biggest concern is that because the stock is not on a lot of radar screens, a big deal on paper will not be a "big deal" in the market. If we can get some eyes on the stock before significant news is out there, it will give positive news more impact when it materializes. Hopefully there is good news coming down the line either concurrent or before quarterly results are released.
Redux (OTC: RDXH) / Naturade (OTCBB: NRDCQ) - Not sure how this one is going to play out exactly just yet. There is still a bit of negotiating on both sides. My thoughts are currently that instead of all of the assets of Redux going over to Naturade, it is more likely just to be the business divisions that have a Nutritional & Supplements connection. Once the details are worked out, I'll post them here and also on www.firstcapitalinvestors.com.
DISCLOSURE: As to my interest in the above companies, they are as follows:
Phantom Fiber is a current client that is contracted with FCI and I have also made a personal private equity investment into the stock and on my advisory side I have a number of clients who have invested as well.
Gateway Int'l Holdings - They were a client until 12/31/07. I currently hold a large position of stock, both personally and with my client base on the advisory side.
CryoPort - They were former client that I helped bring public in March 2005 and worked with until August 2007. Currently I am an investor both personally as well as through my advisory clients. I am in contact with a large number of the outstanding shares who along with me, are waiting to see the Q1 Report to assess progress of the company.
Redux/Naturade - Both companies are current FCI clients to whom I provide consulting services. I am a large shareholder, both personally and through my advisory clients.
