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Monday, December 13, 2010

Tuesday'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 this Q1 report today, 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

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