A Clean Slate, Inc. (OTC:DRWN)
Distressed Asset Acquisition Group, Inc. was established as a buyer of distressed assets primarily real estate however the company will consider other sectors, also as a lender of hard money for commercial and residential real estate. The company also will lend to small businesses. The company believes that the strategy of hard money lending goes hand in hand with acquiring distressed assets.(Source:OTCmarkets.com)
The last reported share structure is:
| Shares Outstanding | 335,270,635 | a/o Jan 30, 2012 |
| Float | 80,020,635 | a/o Jan 30, 2012 |
| Authorized Shares | 500,000,000 | a/o Jan 30, 2012 |
This share structure alone is undervalued, typically a stock with this share structure will trade much higher then .0016(last quote).
A Clean Slate, Inc has recently announced some great news.
NEW YORK, April 24, 2012 /PRNewswire via COMTEX/ — Distressed Asset Acquisition Group (daaginc.com) today announced that it has entered into negotiations to acquire a large demolition/salvage and redevelopment project with an overall budget and completed project value of $16,000,000.
The project will consist of demolishing, salvaging materials and the construction of either a light industrial office warehouse facility or storage units.
Since this PR volume has picked up and it seems the stock is coming back to life. Before this PR volume averaged only a few hundred thousand shares. Since the float is low this stock can run up easily with good volume. We can see good buy volume come in based on chart or an update on the above PR.
The chart has printed our buy signal RSI positive divergence on the 5 minute chart. Usually once a stock prints this signal it runs, as seen with plenty of our last calls.
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