Good morning!
When Chancery Resources, Inc. (CCRY) pinged my radar, I had to do a whole lot of detective work to figure out its price per share.
Look at that chart! What did CCRY do wrong to slide from a “lofty” 7 cents to barely 2% of those levels in barely two months?
Turns out the stock has always been what management calls “volatile” and recent M&A has left the market a tiny bit confused!
CCRY’s latest mergers unleashed a whopping 300 MILLION new shares on the world, so a little dilution when the news hit the tape is natural.
But those deals are done!
And down here at under 1/7 cent a share, it’s time traders quit crying and started figuring out what the all-new CCRY is really worth!
Because CCRY is basically an all-new company here. They blew out their old float by something like 600% and radically changed their business.
In other words, this is basically an IPO at a lot less than 1 thin cent a share!
So CCRY is no longer “an exploration stage mining company.” They no longer hunt gold. They’ll probably retire their name and ticker real soon.
What CCRY does now is sell ozone generators. (Read more)
It’s not a huge business yet, but they still booked $180,000 in sales last year, which actually isn’t shabby for its market cap of barely $700,000.
Growth came in north of 20% and receivables are soaring as new orders come in. (Read more)
And as crazy as it sounds around here, this 1/7-cent pygmy came within a hair of turning a profit! (See for yourself)
So the fundamentals are already pumping the right way to take CCRY off the ropes, which is nice if you’re one of those “value” guys.
But if you’re hunting growth, I have to say CCRY’s prospects run a lot bigger than the market may think!
CCRY wants to make ozone appliances a must-have in every modern home, with a dealer franchising program and everything. (VIDEO)
Think Whirlpool, Amana, Frigidaire, all those gigantic companies you won’t find for a measly 1/7 cent a share!
Ozone is more than a weird smell after a thunderstorm. It kills all bugs and contaminants, 3,000 times better than chlorine with no ecological mess. (Read more)
Put an ozone generator in a house, it’s like a super-air-purifier. Less dust, better mood, no smell, no mildew, no mold. (Read more)
Put it in a washing machine, and you get cleaner, fluffier, more environmentally sustainable laundry — at only 30% the price! (Read more)
CCRY laundry systems inject ozone instead of hot water and bleach, helping hotels and homeowners alike get whiter whites and save the planet. (Read more)
These are not cheap machines, but they deliver energy savings and environmental kudos — plus up to $8,500 in “incentives” per unit!
If you’ve visited a high-end hotel lately, you know how OBSESSED they are with green toilets, green laundry, anything to get rich tree huggers to stay!
Check out this Sheraton manager raving about how he loves what CCRY’s “AirTrona” washing machines did for his towels! (VIDEO)
Remember the low revenue base CCRY is starting from. Every hotel, car dealership, gym and homeowner they sign adds up fast down here.
We won’t hear about every machine they sell so you can’t sit on their press release flow and play the “catalysts” — it’s going to be a gradual process.
But sooner or later, traders will catch a quarterly filing or an analyst report or something and realize CCRY is just no longer in line with its share price!
When that happens, those who took a chance at today’s minuscule levels may find themselves in an enviable position. At least, I hope so!
Bottom Line: You might think ozone is all about saving the planet. Sure, that’s part of the equation.
But for CCRY and its customers, ozone is about the kind of “green” that folds — cold, hard sales, subsidies and savings.
Meanwhile, the stock has been pounded to below-ground-floor levels and down here a rebound looks at least as likely as further carnage.
Hey, how much “world-shaking potential” do you need to justify 1/7 cent a share?
Get CCRY’s chart on your screen today and see if the company doesn’t start popping up in the headlines some day soon!
