written by reader Advanced Enviromental Recycling Tech (AERT)

By roycrafters, October 24, 2012

I bought this stock 6 years ago at $0.60 and sold it a year later at $2.50 when it appeared the Family who owned it was getting most of the profits and their product (best in field) was in trouble with the housing stocks collapsing, an easy $50,000 gain. Some others in my circle held and the stock dropped to pennies again. I never looked at it again as I was sure it would go bankrupt. A couple of weeks ago one of my friends, who held, was by and said they had been to the Company and things were looking up. I checked and the stock was selling for $0.10 a share. I happend to see that they had just filed the 2Q financial report with the S.E.C. (which surprised me) so I checked it out. The filing revealed HIG had come in, reworked 8 million of debt and bought 15+ million shares from the family (89+ million outstanding) leaving them with 44% remaining, not much float outstanding. They put 4 members (a 7 person Board) of their people on the Board leaving them in complete control. Looks to me like really good inside information on a $0.10 stock. Anybody know this Company in Northwest AR.? Owen Barlow

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.