Penny stocks to watch – Updating our current recommendations

Article Excerpt

RDM CORPORATION $1.39 (Toronto symbol RC; SI Rating: Speculative) (519-746-8483; www.rdmcorp.com; Shares outstanding: 21.5 million; Market cap: $28.8 million) provides software and hardware products for electronic payment processing, mainly in the United States. RDM’s Image & Transaction Management System lets banks scan all types of checks, and then route them to any location for immediate electronic processing. RDM is introducing a new product for small businesses. Called “Simply Deposit”, the new system lets small businesses deposit checks electronically. This eliminates the need to physically go to the bank. The new small business product broadens RDM’s customer base beyond banks and financial institutions. In the short term, RDM faces difficulties from a low U.S. dollar and possible U.S. bank spending cutbacks brought on by subprime mortgage problems. RDM Corp. is still a hold among our penny stocks to watch. MIRANDA GOLD $0.62 (Toronto symbol MAD; SI Rating: Start up) (604-689-1659; www.mirandagold.com; Shares outstanding: 44.9 million; Market cap: $27.8 million) is a gold exploration company focused…

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