Tuesday, December 20, 2011

Any Ideas on this stock (TRXX)?

I've searched extensively for a penny stock that looks promising. I found this one company out of England that has developed a container that contains an RDIF identifier as is required by the FDA. This will allow the drug companies to stop putting the RDIF stickers on by hand and will make tracing of drugs more feasible. They have just signed a 15 year agreement with a British Drug packaging firm, Rexam (symbol REXMY) and have ongoing feasibility studies with several major drug firms. It presently trades for about 1 cent per share. I am fully aware of the dangers of penny stocks but I was wondering if anyone has any thoughts on this. It trades under the symbol TRXX. For disclosure purposes, I do own this stock.

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