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WSNC
Traders Alert
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 Elray
Gaming. Inc. (OTC:ELRA)
Online and mobile casino technology, smaller version of Zynga (ZNGA)
- 14 million outstanding, low float...target $0.50+
View Profile/Chart --- ELRA
Quote
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Ludlow Capital
Upgrades ECDC to .02 to .03, Short-Term (ELRA BRNW)
By:
staff reporter, John Bodger
Last Updated: May
04, 2012 - 11:45am EST
(NEW YORK)--Ludlow Capital, an equity research firm based
out of New York City, issued research upgrades on East
Coast Diversified Corp. (OTC:ECDC),
Elray Resources, Inc. (OTC:ELRA),
and Brainybrawn, Inc.
(PINK:BRNW),
East Cost Diversified Corp (ECDC),
through its operational subsidiary Earthsearch
Communications, develops a number of GPS and social
networking web and mobile applications. The Company's
recent $2.5 million in equity institutional backing clears
the way for the company to now execute on their business
plan by rolling-out their social network web and
mobile applications, and closing on larger GPS/RFID
orders.
Recent valuations from Yahoo's $20
million acquisition of IntoNow, a competitive second
screen TV-app such as Rogue Paper's TV-Tune In, which
is now a subsidiary of Earthsearch, gives the company an
immediate valuation boast. Add in the clearance of
notes payable, conversion levels on recent financing no
less then $0.013, and improving earnings outlook, ECDC is
primed for possible breakthrough of its 200-day moving
average.
Thus, Ludlow Capital upgraded its price target
on ECDC to around $0.02 to $0.03 per share short-term,
with a mid-term target in the $0.05 to $0.08 range,
conservatively. (read
full report here)
Additional Upgrades
Elray Resources, Inc (ELRA),
through its operational subsidiary Elray Gaming, just
finalized a very large merger this morning by acquiring a
Macau gaming company out of China, which is doing around
$37 million in net profit, after taxes. Based on the terms
of the merger, and even taking into account dilution to
complete such acquisition, and ELRA now reflecting around
$30 million in net income, the stock should be worth
$0.10+ post-merger, which is more then a 2000% return from
its current price of $0.005 per share. (read
full report)
Brainybrawn, Inc (BRNW), is a new
research client that provides IT consulting and technology
services out of India. The Company has very little trading
history as this gem is still under almost all the trader
radars, and holds a float of well under 5 million. Based
on 39 million outstanding, signing of new purchase orders
out of India, and their tight public float, Ludlow Capital
has a short-term target on BRNW of around $0.15 to $0.20
per share, which would be a 300% to 400% return from its
current price of $0.04 per share. (read
full report)
About Ludlow Research
Ludlow Research
is a New York based equity research firm focused on
providing our clients, and individual readers, with
in-depth research coverage and opinions on the small-cap
securities market. For over 14 years we have aimed to
providing our subscribers a simple way of evaluating the
current and potential value of small-cap stocks, and any
risks that may effect those valuations going forward. Our
goal is to provide traders with an easy way to make
investment decisions based on current and future
valuations. Ludlow Equity Research is a division of Ludlow
Capital, Inc. www.ludlowresearch.com
* To receive updates on these,
and other stocks like them, please enter your email address on
the top of this page to join our small cap traders email list
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Contact:
Wall Street Newscast
Email: info@wallstreetnewscast.com
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Safe
Harbor Statements:
This
research report includes statements that may constitute
forward-looking statements made pursuant to the safe harbor
provisions of the U.S. Private Securities Litigation Reform Act of
1995. Although the Company believes that the expectations
reflected in such forward-looking statements are based on
reasonable assumptions, such statements are subject to risks and
uncertainties that could cause actual results to differ materially
from those projected.
Disclaimer:
This is NOT a solicitation to Buy or Sell any security, but rather
is for informational purposes only. Content contained herein
includes facts, views, opinions and recommendations of individuals
and organizations deemed of interest. Wall Street Newscast ("WSNC")
does not guarantee the accuracy, completeness or timeliness of, or
otherwise endorse these views, opinions or recommendations, or
give investment advice. WSNC, its affiliates, or directors, may or
may not hold a position in the above security from time to time,
and investors are encourage to consider this as a possible
conflict of interest when reviewing this information. In
Compliance with SEC Rule 17B Wall Street Newscast was compensated five hundred
thousand restricted
shares, by ECDC, strictly for merger consultancy work, and five
hundred thousand restricted shares from ELRA, and one thousand
eight dollars per month by BRNW, for ongoing research and media coverage. WSNC may hold a position
in above securities from time to time, and
thus should be considered a possible conflict of interest when
reviewing this report and information. These investments may
involve a high degree of risk, thus investors are highly
encouraged to consult with a financial advisor before any and all
investments.
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