Heli Electronics Corp. (OTC: HELI) saw a nice surge of volume Friday afternoon, after reporting revenues of $24,852,753 for the three months ended June 30, 2010, a 226% increase compared to the three month period ended June 30, 2009. Additionally, the Company reported this increase was the "result of higher market demand for existing customers and the development of ten new customers during the period."
OK, so I received this alert a couple days ago and got in at 5.5c and got out this am at 7.5c which coincidentally is the price that EBIG trades at. Doing some more DD on HELI found that it actually had $24M in revenue and $2M in net income for the last qtr. EBIG has $0 revenue and a loss; and they both trade at .075c? So now I am questioning why I sold HELI as opposed to all my EBIG shares and getting some more HELI? These penny stocks are just dont make sense?