CERP is running up 25% 52 Week High $1.25 Near the Low and here we go!
This company produces biodegradable plastic in 2011 alone they had over 21 million in sales with current sales in Asia, Europe and North America! The best part is they trade for mere pennies on the dollar near the 52 week low but have been going up everyday as investors find them and see the chart. Things looked really bad before the company recently restructured which happened after two major customers defaulted on millions owed to CERP the company might have gone BK but the current debt holders agreed to a waver until Dec 2013 to give the company a chance to restructure. And they have completed these actions now leaner and ready to run just last week they announced yet another new sales contract and plans to build another plant in Europe!
Check them out add them to your watch list this company just might run back to dollars from pennies!