
Hello everyone. Over the last couple weeks PCAI had a nice pop and the sizzle slowed down. From the look on the chart whoever grabbed some .01s possible made gains over 100% and now the PPS has settled back down on light selling. That is the best part of this play, the float is tight and seems to be held strong. Most pinkies see major selling after a nice run like PCAI saw, but check the charts and the ‘tape’ and you will see the price walk down was on minimal volume.
According to the chart PCAI bounced off its key areas of support (.01 range) . There just doesnt seem to be sellers under 01 so this range is a safe buy for someone who might have grabbed some while it was running up.
PCAI filed its financials, updated pinksheets and has press released the possible aquisition of 8 branded and unbranded conveienant store/gasoline stations. With these aquisitions could add up to 2.5M in revenue per year.
LOW FLOAT SHARE STRUCTURE:
Outstanding Shares: 57,489,111
Authorized Shares: 500,000,000
Float (Per Pinkshets.com): 7,289,648
Annotated Chart:
http://stockcharts.com/c-sc/sc?s=PCAI&p=D&yr=0&mn=2&dy=0&i=p85213249202&a=168949860&r=3154
Facebook Group:
http://www.facebook.com/inbox/?ref=mb#/group.php?gid=144632264363&ref=mf
Ihub Board:
http://investorshub.advfn.com/boards/board.aspx?board_id=7319
Projected Revenues




