CFRI? - thoughts/opinions appreciated

[chacho]

Thoughts/opinions appreciated:

Symbol:CFRI

This stock is in the shipping industry. Apparently they've created a new flooring, "eko-floor", that is meant to replace traditional wooden flooring in shipping containers. The traditional wood flooring not only needs to be replaced regularly, but enviromental issues are becoming bigger, so this may have a bright future. Also, wood flooring also has sanitary issues for shipping food, etc.

It has run before on news, most recently it seems its run in anticipation of final certification approval. They just finished a 3-day conference in Germany, one of the shipping capitals of the world. There are pictures on their website [http://conforce1.com], and I'm pretty impressed by the looks of it. I think this is a good product, the CEO has roughly 25 years experience in the shipping biz and has extensive contacts. That, combined with recent certification of their product, and the conference in Germany(where it was officially "launched"), makes me think that PRs of contracts will shoot this up.

So, what are your opinions?

PS. If you are thinking of jumping in, be aware that it is hanging on support at $.50 and if it goes below that we'll probably see $.30s if there is no news.