Hi Sahfee,I decided to enter Rentcash (RCS.T) as it's too small at $160 million for the Canada Challenge. It's unlikely to beat some of your high flying penny stocks, however I think that the market is missing a few things with this stock1. It voluntarily took a hit to revenues by ceasing some of the payday practices that will almost certainly be attacked by regulators. This won't affect future growth in payday lending as # of stores expands.2. I high proportion of the existing stores are less than 2 years old. Stores mature over 4 year period giving ample opportunity for comps growth3. Getting rid of the rent-to-own stores (in Brick & United Warehouse stores) will significantly improve the profitability of the company.4. By my estimation of the company as a standalone payday lender the stock could reach between $14 and $20 by late 2007/mid 2008http://www.rentcash.ca/Biggest risk is provincial regulation which may effectively ban all payday loans.I'm also going to enter a penny stock - Starfire Minerals (SFR.V) - in the true micro-microcap challenge. Only $6 million marketcap and entirely speculative - A friend of mine is the President & CEO, otherwise I would not be invested in this company & I'm specifically not recommending it to anyone else.Starfire has the rights to many mining (some apparently promising) prospect sites, principally Uranium, Nickel and Precious Metals, but does not have any proven resources or production facilities. They do have the backing of certain funds in TO and insiders own a good proportion of the shares. To date I haven't seen any overt attempts at promoting the stock & believe that the President is focused on finding minable amounts of minerals rather than promotion to make a quick buck.http://www.starfireminerals.caAnyway it's my entirely fun & speculative entry for this yearRegardsPhilipDiscl: I own both Rentcash & Starfire Minerals shares
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