Liberator Medical Holdings, Inc. (OTCBB:LBMH) Starts Correcting

LBMHchart.pngIn the end Liberator Medical Holdings, Inc. (OTCBB:LBMH) failed to reach the $2 mark. The stock met strong resistance at $1.90 which was its high of day for 4 out of the last 7 sessions and yesterday it finally started crashing. Investors must have decided to cash in at the current overpriced levels which are higher than anything visited by the ticker for the past 3 years. Now it is sitting at $1.70, still a substantial sum which may prompt further corrections.

On the other hand they have proved that they are capable of supporting the positive movement of their stock. In a stark contrast to almost all the other pennystock medical companies, LBMH have a stable balance sheet. Looking at the latest quarterly report we found:

  • $7 million cash 
  • $20 million total current assets
  • $6 million total current liabilities
  • $16 million revenues
  • $1.4 million net income

The company has impressive cash reserves, generates revenues and is actually profitable. The current assets not only triple current liabilities but are also bigger than the sum of total liabilities by 5 million. LBMH aren’t relying solely on their financials though. In order to create shareholder value the company has paid dividends on two separate occasions and announced the buyback of 1 million of its common shares. This news, made public on June 14, was precisely the spark that was needed for the stock to run wild up the chart.

As an added bonus LBMH have never been pumped. Even during the recent positive performance no newsletters decided to latch themselves to the stock. We oftentimes see even the more influential pumpers touting a rising stock in order to improve their image. With the pullback being somewhat expected it remains unclear how sharp the correction will be.

TCPSchart.pngLiquidmetal Technologies, Inc. (OTCBB:LQMT) added 40% yesterday. The company is jumping upwards once again due to its licensing agreement with Apple, Inc. Rumours have once again started flying around that Apple might be using the amorphous alloy- liquidmetal, into its next product. 

TechnoConcepts, Inc. (OTCMKTS:TCPS) posted an even better result when they rose by 50% to close at $0.045. But they have nothing in common with LBMH or LQMT. The company was bearing the STOP sign on their OTCMarkets profile for failing to submit a financial report since 2007. Yesterday in a surprise turn of events they decided to at least remedy the situation by posting a couple of reports all at once and now they are sporting the much better Pink Limited Information.

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