Good morning readers and welcome new subscribers.
We've sent quite a few "heads up" emails for today's alert and the time has finally come to unveil it. We want you to add this ticker to the top of your watchlist immediately. Check out their financials before you go anywhere!
Today's only play to watch is OCLG - Oncologix Tech, Inc.
Oncologix is a fully reporting, diversified medical holding company with operating divisions in medical devices, healthcare services and durable medical product sales and distribution. The Company's corporate mission is to be the best small cap healthcare services holding company in North America.
Last Friday, OCLG closed at .0067
We want all readers to consider OCLG because their quarterly revenues are unlike anything we've profiled in the past (relative to their share price).
Revenues for the first quarter 2015 were $1.16M - up 60.3% from $724K for the comparable period in fiscal 2014.
OCLG has reported steady revenues over the past four quarters:
$4.1M revenues over last four quarters!
How many other sub penny plays have these types of fundamentals? The company is working hard to repay debt early too: "Over the past several months we have retired similar convertible notes, eliminating the issuance of over 55M shares...This strategy benefits the company in multiple ways including reducing shareholder dilution and our overall corporate debt..." says CEO Wayne Erwin.
According the company's most recent quarterly report, there are 169.7M shares outstanding.
Also found in the report, we've concluded that Amian Healthcare is responsible for a major portion of the company's revenues. OCLG acquired Amian in December 2013, and is now directly a part of OCLG.
Amian's website states they are a leader in the home care industry. They are committed to helping individuals receive care at home, surrounded by comfort and security. Amian educates and trains personal care assistants who provide routine health and personal care support with daily activities to seniors, clients with physical impairments or disabilities in private homes, nursing care facilities, and other residential settings.
OCLG says Amian's main payee "sources are the State of Louisiana, the Department of Veterans Administration and Private Pay individuals who reimburse us for the services we provide."
We find it beneficial that a State was listed as the main source of business for Amian, which perhaps translates to OCLG as a whole!
OCLG 3 Month Chart (click to enlarge):
We want all readers to add OCLG to their watchlist today. With revenues like this and a sub penny price tag, we'd rather evaluate the company sooner rather than later! The ticker has already proven it can triple in a month's time, and we are looking at it after a recent pop over 1 cent!
OCLG is now sitting on a decent short term support level as seen by the chart, and this .006-.007 range is extremely attractive (in our opinion) provided that support level holds!
Is this 2015's most overlooked revenue monster? Continue your research on the company's website.
Have you considered OCLG yet?
