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Sunday, December 19, 2010

Monday's Watch List

PRMO - Prom Resources (PRMO) still remains the cheapest gold stock on the market. Currently trading at trip 2's, the KINGZ feel that this is EXTREMELY undervalued and with great reason. Prom Resources released their quarterly financial report stating that they made a net profit of over 3 million, compared to 920k last year and are boasting over 15 million in total assets. This is MAJOR news for a pink sheet company, being that very little are able to report reoccurring revenues and assets of millions of dollars. PRMO  has not released a PR in almost a full year. The KINGZ have a good feeling that with the release of the Q1 report last week, and the annual filing that was released on 11/29 of this year, the company will issue a press release very soon sending the pps into orbit. Shareholders continue to accumulate massive shares of PRMO in preparation for the run.

http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=41043

LKEN - 2011 looks bright for LKEN. Rite Aid and Fingerhut have been announced as retailers for their Ink Jet refill kits. More retailers could be announced. Friday was a slow trading day, but LKEN still managed to to close up 125%. Looking to see if the run will resume in the morning.

CRGO - CRGO saw it's share price climb 133% with all volume coming in during power hour. Not recommending a buy just yet, but definitely worth watching. It could possibly continue it's uptrend.

NNSR - We need a confirmation of the share structure here, but after climbing 250% with only 66 million in volume we would say we are pretty thin here. Friday's trading session was pretty impressive and it definitely caught the eyes of the KINGZ. We will be keeping this on our radar.

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