Good evening and welcome new subscribers ! After our successful MRGP call, which was an easy 20%, we would like to highlight a new company tonight that may provide a great trading opportunity during tomorrow’s trading session and beyond.
The company is Harbor Brewing Company, Inc. (OTC:HBWO)
Harbor Brewing Company, Inc. (HBWO) is a Current Information Pink Sheets company. otcMarkets.com states that stocks that trades in this market tier are “Companies that follow the International Reporting Standard or the Alternative Reporting Standard by making filings publicly available through the OTC Disclosure & News Service pursuant to Pink OTC Markets Guidelines for Providing Adequate Current Information (pdf) are designated as Pink Sheets Current Information.”
There are several reasons why we like HBWO at these levels.
- HBWO is currently trading at 0.018
- HBWO has a 52 week high range of 5 cents which is over 177% from current levels.
- HBWO has a float of less than 30 million shares
- HBWO has built nice support at current levels
A business descriptions from otcMarkets.com: “Harbor Brewing Company, Inc., the parent company of Sackets Harbor Brewing Company (www.1812ale.com) develops, produces, and markets micro brewed beers such as the award winning “War of 1812 Amber Ale” and “Thousand Island Pale Ale” as well as “Railroad Red Ale”, “1812 Amber Ale Light” and “Harbor Wheat” specialty beers. Its “1812 Amber Ale” is the company’s flagship brand and was the winner of a Silver Award at the World Beer Championship. The company has also developed complementary products such as Sackets Harbor Coffee and Sackets Harbor Brewing Co. Root Beer. Harbor Brewing also runs the popular dining establishment, Sackets Harbor Brew Pub, which offers fine dining and a rotation of fifteen hand crafted beers. The restaurant, which is located on the shore of Lake Ontario in downtown Sackets Harbor, is open year round.”
Let us not forget the news that was released after hours today.
Harbor Brewing Company, Inc.’s Sackets Harbor Brewing Company Joining HBO as Founding Corporate Sponsor of VeteransAid Foundation - Sackets Harbor Brewing Company CEO to Join Advisory Board of VeteransAid; Company to Register Brand for Nation-Wide Promotion to Benefit the Foundation
We believe that this sponsorship can only help in awareness for HBWO. At some point during this sponsorship, there will be “the anticipated annual capstone event is the “VeteransAid Concert Series” that will be large, multi-act nationally televised events taking place annually on Veterans Day in 50,000-plus seat New York arenas”. There is no way to know for sure but we wouldn’t be surprised if a few HBWO banners were seen at the nationally televised event.
Read the full press release here:
Another reason why HBWO may be an attractive investment is how hard the company is working to have a favorable share structure. On October 4th, 2010, just a few days ago, the company released news stating that they reduced “Shares Outstanding to 84.9 Million From 144.9 Million” And they previously announced a reduction in authorized shares from 5 billion to 250 million.
An excerpt from the press release: “The action resulted in a reduction of Harbor Brewing Co.’s total common shares outstanding to 84.9 million from 144.9 million, which represents a reduction of over 40%. ”
Read the full press release here:
You can visit the company’s website at http://www.1812ale.com/ for more information about HBWO and their products.
Be sure to add HBWO to your watchlist !
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