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Rankin's BOOMERANG - Just the facts. Their wireless technology tracks to within inches. They use cell-tower triangulation to locate moving or stopped vehicles. If moving the Boomerang narrows the car to a sector and then a groud crew is sent out to track (if needed) within inches. If the vehicle is stopped the technology tracks to within feet.
Looking in their Q1 financial report they have only 22 000 000 shares outstanding.
Rankin is just starting to get institutional awareness. The first analysis I have come across besides my own just came out on November 9/99. They have put a 12m target price of $2.33. These targets don't mean a lot as we have seen with Wi-Lan and CLQ. Aside: The CEO of Co-operators insurance(CAN) uses the technology in his car and loves the product. As the auto insurance companies offer discounts on premiums written their sales growth will excel. The VP of sales said Q2 sales are strong. Call Toll Free 1 877 777 8722 and talk to Linda Farha to get a hard copy of their 98 Financial statements. This company has yet to get the tail wind from the financial community. I believe they will get the tail wind as they expand their product lines to children location and multinational theft surveilence. Check out their recent Yahoo site for updates.
Lets keep in touch
cheers www
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