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SMCE IS ON MAJOR BOUNCE ALERT!
Good Evening Traders!
Hurry and add SMCE to your radar!
Trading at UNDER 5 CENTS, this could be a very sweet BOUNCE opportunity to not overlook.
SMCE has a low float of just a little over 7 million shares making it our hot new breakout alert. A low float stock trading this cheap is a rare gem.
The stock has already seen some wild moves since hitting as low as $0.01 on Monday.
At Wednesday's high, the stock was up nearly 300% since that low!
This could be just the start of a wild climb as shares were as high as $0.0695 last week.
SMCE couldn't have come at a better time considering all the huge news the company has been releasing in recent weeks.
Next to appointing a new CEO and President, the company has an aggressive strategy to pay down debt.
The company just announced this week that it has executed 2 Exchange and Settlement Agreements and retired $170,000 in debt, inclusive of principal and accrued unpaid interest!
"Together with our noteholders and shareholders, we are building a better company and strengthening our balance sheet,” said President Mr. Christopher M. Whitcomb. “We are looking to execute several more Agreements in the days and weeks ahead until we have reached or exceeded our goal."
So what's the reason to be paying attention to this company aside from an impressive chart and low float?
SMCE is a record label that could soon be a rising star in the billion dollar music industry!
The company has three regional offices in some of the biggest cities in the U.S. - Los Angeles, New York, and Miami.
These cities are the go to regions when it comes to creating music.
SMCE operates as a recorded music company and focuses on releasing content by its artists in the United States, Europe, Asia, and the rest of the world.
We're talking a variety of music here. From hip-hop/rap to Pop to Gospel. One of the artists SMCE is involved with are The Beach Boys!
You can check out all the other artists here: http://www.smc-entertainment.com/
SMCE offers everything an up and coming artist needs to launch a successful career in music, as well as everything a hit artists needs to further their career at a fraction of the costs that are typical in the industry.
Imagine a one stop shop for artists around the world in all stages of their careers.
On the average, an American earns around $70 per day for work but in the music industry hit stars are raking in millions upon millions of dollars just with one concert.
Taylor Swift just now became the world's top earning celebrity with $170 million already made this year!
Music is a behemoth of an industry and SMCE at these levels could have some amazing upside potential. If more eyeballs start landing on the stock, its tiny float could be the catalyst for some very wild jumps to the north.
SMCE released a corporate update last month announcing that they will no longer carry any physical inventory.
This makes a lot of sense considering music today is mostly on our iPods and smart phones. The world has gone digital and the companies keeping up with this move could be positioned to reap the most profits!
CEO Ralph Tashjian commented, “We feel that we are positioned very well within industry and have done very well adapting to the rapidly changing environment, while not losing touch with the artists and sticking to our core values of exceptional, personal service. These coming months will be very exciting for the Company as we roll out our new services and refine our core competencies. I am looking forward to sharing these exciting updates.”
If you missed our recent picks, don't miss out on this opportunity..
SMCE has climbed nearly 300% in just a couple of days and the rally could be just starting.
Immediately turn your attention to this stock and start your own due diligence right away. There could be some serious money to be made here.
This TINY FLOAT stock could be ready to POP!
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