Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
LMAO, someone answered me on CAVR, LO and Behold, I answered you there:
A little more answer for that Karl, Cavu Energy is Bonded, and this part is again what CAVU brings to the table, just as the solar deal should have done:
"About CAVU Global Energy, LLCCAVU Global Energy was formed with the goal of becoming a nationally known oil and gas company dedicated towards the communities in which it operates by focusing on price competitive markets. This family run company features a fully qualified membership which includes entrepreneurs, former VP of a Global Government Retailer (AAFES), and a retired chief engineer for ATK, a major NASA contractor. With a combined experience of over 60 years, CAVU Global Energy is leading the way towards achieving its goals in the oil and gas business. CAVU Global Energy has secured contracts for both drilling and sales of output production. CAVU Global Energy in addition, qualifies as a Minority owned company. "
I tried for a while longer, but I refuse to sign up for facebook. That retired engineer for ATK might be him. ATK had an Aerospace division, including rocket propulsion. An AAFES VP would have managerial experience, particularly in government regs...
LOL, thought I said it here, I must have put it in CAVR thread, putting that part about minority company in Bold print, or in a PM to someone. Part about Global is a "family business" and then on to "oh, by the way, Global is a minority company"
Thanks, now I just need to find out who is Chris Wilks
I just can't think of any other person/entity that would DONATE land leases to a two-bit oil company on the edge of bankruptcy. And Billy has always spread himself throughout all the sectors looking for the great government grant/golden goose egg and always attempting to taking advantage of minority status. Everything he's done was looking for govt money.
Interesting, as I remember in the PR it stated they qualified as a minority company. The pieces may be fitting together.
"CAVU Global Energy in addition, qualifies as a Minority owned company."
I have a theory where the 3 donated land leases came from.....Indian reserves. That would explain why it wasn't already being worked, and donateable. It's the only explanation I can come up with, not finding anything new or towards anything in the PR, but the states, including the test site in Nevada, makes it suspect. Not many other explanations why someone would donate known reserve oil lands.
We were putting the financials in the ibox to review, but we all get busy. I'm glad you're here, I was getting dizzy with all the inconsistancies from one section to another in the financials, and then what he stated in the 2010 disagrees again. Like the mysterious $6 million drilling contract with Energy Resources America that was to be completed by this June. He paid MoneyTV for those "interviews", yet I didn't see them mentioned. they are not affiliated with Global Media from what I can tell. And as PXGUITAR brought up, Xtreme Picks (which is Global Media), claims they got paid only $120,000 worth of stock. Maybe it is the $60,000 difference between XP and what Global Media does, considering that is a lot of money for just a pennystock blog site, vs. color brochure mailing campaign.
You don't have to worry about minding Ps & Qs here, watch the rules line constantly.
We all agree, on the thin on employees, especially when his wife is such a mute character in it. Never have gotten a response from her as PR, even before Noah. And supposedly is bookkeeper, so how they missed owing a company $300,000 and never paying a penny for it is beyond me. Billy's whole claim to the oil sector is selling parts at one time, so he has to rely on outsourcing everything. Nothing in his resume shows he spent anytime as an oilman.
Yes, Billy and Jon are also decades old friends, Grossman and his wife are only in their very early 60s though. 4 years ago, he tried to go public by joining up with that near bankrupt drug company, but his bank wouldn't allow it. That could have been another buddy from years ago, just don't know. Noah and Billy know each other from Wallstreet days.
If Billy had concentrated on getting the saltwater well drilled a long time ago, he wouldn't be in the delays he is now, since the permit expiring is what got him protests. So yes, move on to the next project, just like 20 companies he started, the few that still exist are all his LLCs. Seems he is constantly shifting money around from one LLC to another eventually to CAVR, probably tribal priviledge grants since his wife is Cherokee, that he seems to "launder".
I'm not sure he was after Grossman's company all that long, it would seem a deal would have been struck before trying to merge with that drug company.
Hi Karl! I was afraid you were about to get beat up there, LOL. I started seeing some deletions, not yours, and knew things were possibly going to go badly. That independent report was first mentioned last October-Nov, was put out there by Noah/Billy to anyone who called. So it's been a long wait. It would have not gone well if they had given a company name, so yeah, believe it when you see it. Just like one person posts "maybe the independent report will come out now that the financials are posted" and it turned into gospel.
Thanks for invitation to this board. I do know a lot about CAVR. My understanding fwiw on the Sun Packing merger is that the owners are old, and they wanted to retire, but they do not want to sell their company. Instead they want to make sure their families would be taken care of, so they wanted to set it up in a trust. Also I was told that Bill and them are really close friends and he has been after getting this company for years.
In reference to the elusive research report I have been told who is putting it out, but I do not believe it, so I will not mention their name. I was also told it will be a 70 page report.
What bothers me about this company is that three people are spread too thin covering too many projects. It never seems that they finish anything before they move on to the next deal. There is a lot of potential but poor to no execution. JMO
Agree. At least this crowd is asking questions. Looking like the truth is what they want, for the most part. But as twisted and fuzzy as the PR is, makes it all the more suspect, especially with the $200 million part only makes it worth MAX $.015. ROFLMAO
Billy sure likes to put out PR's that look pretty but if you look closely don't have much meat on the bone
**HUGE NEWS!** CAVU Resources, Inc. Acquires 40% Of CAVU Global Energy, LLC With Over $200 Million In Contributed Assets
TULSA, Okla., May 10, 2012 /PRNewswire via COMTEX/ -- CAVU Resources, Inc.
("CAVU"), which trades as OTC:CAVR.PK, announced today that it has closed on a
joint venture agreement and has acquired 40% of the newly formed company called
CAVU Global Energy, LLC, ("CAVU Global"). Investors have contributed a new
mobile oil refinery technology and oil and gas leases in three states with
reserve and technology values in excess of $200 million dollars. CAVU Global
brings funding commitments and in addition also has ongoing negotiations for up
to $25 million to fund the company's initial projects.
The new partnership has targeted specific opportunities in the oil and gas
business focusing primarily on the development of properties in Oklahoma, Texas
and Louisiana. CAVU Global also will begin the immediate placement of its
revolutionary technology that allows mobile mini refineries to be moved directly
on to production sites with as small as 100 barrels a day of production.
A pilot plant has already been built proving out the technology in Nevada. The
initial mobile refinery plant has been successful in both tar sand oil and
conventional oil conversions allowing fuel production in remote areas, opening
both civilian and government opportunities for the company. This will allow for
a lower cost fuel direct to the consumer for gas and diesel. By eliminating
transportation and marketing costs, this allows for high grade fuel to possibly
be sold at costs 20 to 30% lower than current retail gas stations.
CAVU Energy Systems, Inc. will continue as the Bonded operating company and run
all the oil and gas operations for the proposed multi state operations. CAVU
Energy will also handle the installation of the Mobile refineries on a worldwide
basis.
"We are extremely impressed with the capability of CAVU Resources, Inc. After 9
months of discussions, we feel CAVU is the right fit helping us to develop our
oil and gas leases in an expedited fashion," stated Chris Wilks, managing member
of CAVU Global Energy, LLC.
"We have closed this agreement and there is no dilution or further equity
issuance related to this Joint Venture. CAVU's 40% ownership now brings in
excess of a $200 million asset base to accelerate its growth, and also secures
the spinout and planned public offering of CAVU Energy Systems, Inc. The
reserves and projected income from the current projects inside CAVU Global
should allow CAVU to exceed all previous earnings projections, and future
earnings per share could easily be 2 to 3 times the current stock price. The
last year has been focused on eliminating debt, and creating opportunities for
the company with the final goal to have cash flow and earnings. The
infrastructure is now fully in place and we are finally there, after having
worked on closing this deal for the last 9 months, the projected cash flow from
this acquisition should eliminate the need to sell equity in the future to fund
operations, debt retirement and growth. The combined team of CAVU and CAVU
Global creates a financial and asset based relationship that should provide
multiple future benefits to our shareholders and to meet all these goals,"
stated William Robinson, CEO and President of CAVU Resources, Inc.
About CAVU Global Energy, LLC CAVU Global Energy was formed with the goal of
becoming a nationally known oil and gas company dedicated towards the
communities in which it operates by focusing on price competitive markets. This
family run company features a fully qualified membership which includes
entrepreneurs, former VP of a Global Government Retailer (AAFES), and a retired
chief engineer for ATK, a major NASA contractor. With a combined experience of
over 60 years, CAVU Global Energy is leading the way towards achieving its goals
in the oil and gas business. CAVU Global Energy has secured contracts for both
drilling and sales of output production. CAVU Global Energy in addition,
qualifies as a Minority owned company.
About CAVU Resources, Inc. During World War II, Navy fighter pilots would look
up at the sky and if it was a "CAVU" day then it meant ceiling and visibility
unlimited. The pilots believed they would have unobstructed flying allowing them
to see their targets quicker, identify the obstacles they needed to overcome,
giving them a greater chance of success. The founders of CAVU Resources, Inc.
chose the name CAVU because they believe that the company will be the embodiment
of its name.
CAVU was formed with the goal of becoming a recognized regional player in the
independent oil and natural gas industry by growing the company's oil and
natural gas reserves. CAVU is a natural resource company engaged in the
acquisition, exploration and development of oil and natural gas properties. The
Company operates in the upstream segment of the oil and gas industry with
planned activities including the drilling, completion and operation of oil and
gas wells in Oklahoma, Kansas, Colorado, Montana and Texas. The Company has
acquired leases and is currently exploring additional opportunities in oil and
gas leases.
CAVU's has a minority subsidiary interest in CAVU Energy Services, Inc., a
bonded Oil and Gas Operating Company manages the company's properties in
Oklahoma and plans to operate targeted leases in Kansas, Colorado, Montana and
Texas. CAVU plans to utilize its own operating equipment and with strategic
partners provide contract drilling, fracture stimulation and directional
drilling services to oil, natural gas exploration and production companies. CAVU
plans to expand operations not only in the traditional Oil and Gas business, but
also to invest in technology, waste disposal, and water reclamation, taking
advantage of the changing environment and in the world's need for new, green and
innovative resources. More information is available at the company's website at
http://www.cavu-resources.com.
Cautionary note: This report contains forward-looking statements, particularly
those regarding cash flow, capital expenditures and investment plans. Resource
estimates, unless specifically noted, are considered speculative. By their
nature, forward-looking statements involve risk and uncertainties because they
relate to events and depend on factors that will or may occur in the future.
Actual results may vary depending upon exploration activities, industry
production, commodity demand and pricing, currency exchange rates, and, but not
limited to, general economic factors. Cautionary Note to U.S. investors: The
U.S. Securities and Exchange Commission specifically prohibits the use of
certain terms, such as "reserves" unless such figures are based upon actual
production or formation tests and can be shown to be economically and legally
producible under existing economic and operating conditions.
Contacts: Specialty Situations Investor Relations Tel: 973-507-6199
CAVR.PK
CAVU Resources, Inc. CAVU Global Energy, LLC
5147 South Harvard Ave, STE 138 Chris Wilks, Managing Partner
Tulsa, OK 74135 Edward Wilks- Managing Partner
Desai V. Robinson, Director of Public Relations Rodney Wilks- Lead Engineer
Email: info@cavu-resources.com Email: cwilks@cavuglobalenergy.com
Website: www.cavu-resources.com ekwilks@sbcglobal.net
Tel: 504-722-7402 Tel: 214-289-3195
June crude oil prices this morning are down 46 cents and gasoline is down 2.01 cents. Oil prices were undercut by last night's Chinese trade report showed that Chinese April crude oil imports dropped to a 4-month low. Crude oil and gasoline prices on Wednesday closed mixed: CLM12 -0.20, RBM2 +0.0297. Crude oil prices were hurt by technical weakness, a bearish DOE report for crude oil, and the continued Greek troubles. However, gasoline rallied on an unexpected decline in DOE gasoline inventories and a fire at Sunoco's refinery in Philadelphia. The weekly DOE report was bearish for crude oil and bullish for products. Crude oil inventories rose by 3.652 million barrels (+1.0%) to a new 21-1/2 year high of 379.516 million barrels. That is 7.2% above the 5-year seasonal average, the highest such level since last June. Meanwhile, gasoline inventories fell by 2.6 million barrels (vs expectations of +250,000 barrels) and are now 1.0% below the 5-year seasonal average, the ti ghtest level since last May. Distillate inventories fell sharply by 3.25 million barrels (versus expectations of +750,000 barrels). Distillate inventories are now 9.8% below the 5-year seasonal average, the tightest level in 9 years.
June crude oil prices this morning are down -0.79 cents (-0.81%) and June gasoline is down 0.66 cents (-0.22%) on the European political uncertainty and the general sell-off in stocks and commodities. Crude oil is also lower ahead of today's weekly DOE report. Crude oil and gasoline prices on Tuesday closed mixed: CLM12 -0.93, RBM2 +0.0203. Crude oil prices were hurt by continued doubts about global growth, expectations for a new 21-1/2 year high in today's weekly DOE report, and the Saudi Oil Minister's comment that oil prices are "still a bit too high." Gasoline prices were boosted by the DOE's hike in its forecast for U.S. gasoline demand this year to 8.67 million bpd, although that would be down by 0.8% from 8.74 million bpd in 2011. The market consensus for Wednesday's weekly DOE report is that crude oil inventories will increase by another 1.9 million bbls to a new 21-1/2 year high, gasoline inventories will increase by +250,000 bbls, distillate inventori es will increase by +750,00 bbls, and the refinery utilization rate will rise by 0.5 point to 86.5%. The Seaway pipeline between the key oil hub at Cushing, Oklahoma and the Gulf coast is scheduled to be reversed late next week, which should lead to a gradual drawdown in crude oil inventories at Cushing.
LMAO. Noah Cohen is the Investor Rep that Billy hired last year. Seems his biggest role is to run around the East Coast and sell blocks of shares to investment firms (dilution) at a deep enough discount to come up with cash to pay debts that won't take shares in lieu of cash.
But whatever, we can't win. Say something positive, they jump on us, say something they perceive as negative ( since it isn't a pump), we're bashers. Lose/Lose. God bless you back, JAWS.
Lol - I'll be honest, I have no idea who Noah is...and I sure hope he does not think I'm that person - assuming that guy is one of the business associates of CAVR.
That dude apparently hasn't tracked all my post...
oh well - God Bless - Jesus loves ya'll :)
GO CAVR!
Does Havinatime think you're Noah???? ROTFL.
EPA releases draft permitting guidance for diesel fuel in fracing
More Sharing ServicesShare
WASHINGTON, DC, May 4
05/04/2012
By Nick Snow
OGJ Washington Editor
This story was updated May 7.
The US Environmental Protection Agency released draft underground injection control (UIC) program permitting guidance for Class II wells that use diesel fuel during hydraulic fracturing. The draft guidance aims to clarify how companies can comply with a 2005 law that made fracing exempt from the requirement to have a UIC permit except when diesel is used as a fracing fluid, EPA said.
It said the draft guidance outlines for EPA permit writers, where the agency is the permitting authority, requirements for diesel fuels used for fracing wells, technical recommendations for permitting those wells, and a description of diesel fuels for EPA underground injection control permitting. The draft guidance also describes diesel fuels for these purposes by reference to six chemical abstract services registry numbers, a description on which EPA is requesting input.
EPA said it will accept comments on the draft guidance for 60 days following its publication in the Federal Register. During this period, permitting decisions on fracing operations using diesel fuels will be made on a case-by-case basis, considering the facts and circumstances of the specific injection activity and applicable statutes, regulations, and case law, and will not cite this draft guidance as a basis for a decision, it said.
Major hydraulic fracturing service companies have quit using diesel fuel in their fluid mixtures, but a few smaller ones still do so. EPA’s proposed permit guidance for diesel fuel use in fracing is a long-overdue step, three Democratic leaders on the US House Energy and Commerce Committee jointly said on May 4.
Henry A. Waxman (Calif.), the committee’s ranking minority member; Edward J. Markey (Mass.), ranking minority member on the committee’s Natural Resources Subcommittee; and Diana DeGette (Colo.), ranking minority member of its Oversight and Investigations Subcommittee, all said their 2011 investigation found that at least 32 million gal of diesel or fracing fluids containing diesel had been used in the US over 5 years.
“This investigation also found that none of the companies sought—and no state and federal regulators issued—permits for diesel fuel use in hydraulic fracturing, as required by the Safe Drinking Water Act,” they said. “By issuing this guidance, EPA is taking a long-overdue step to explain existing requirements for the use of diesel fuel in hydraulic fracturing fluids. We look forward to examining the proposed guidance in more detail.”
Five environmental groups said regulatory guidance would be inadequate and renewed their call for a federal ban on diesel in frac fluid. Officials from the Sierra Club, Earthworks, Natural Resources Defense Council, Earthjustice, and Clean Water Action also said the provision of the 2005 Clean Water Act which exempts fracing from the having to comply with the law should be removed.
Contact Nick Snow at nicks@pennwell.com.
wow, must be. Very tough market, wireless. Unless they have money on hand, they can't get the little guy breaks from the feds for sparse coverage areas as part of the Admin's plans to give wireless coverage to rural areas. Little guys get blocked by the big boys from getting foothold anywhere. So unless their financials show they have 20% of grant issue cash, they don't qualify. Talk about kicking small businesses down. Doesn't matter if they get "first dibs" at the grants if they don't qualify.
Looks like some penny stock paper getting ready to pump BCDI.PK
http://finance.yahoo.com/q?s=BCDI.PK&ql=0
Yah, was going to post it here but decided to see how long it would stay up over there. LOL
wonder how long it will take HITL to comment on Willy's pic lol
LMAO, I agree. Look how many Hollywooders have bought themselves a French villa or a castle. Yet they also support Obummer.
taxing the rich in France for 75% will make dirkie happy, the rich french will run to Belgium to pay less taxes
...and that's why Exxon is in the democrat's crosshairs. But that would be shooting oneself in the foot, Exxon is on the forefront of alternative energy. If they take away the incentives for exploration, they just pick it back up in alternative energy. I don't know about you, but I can't take the "it's not fair" crap anymore. EPA is screwing everybody. Refineries are closing because it's not cost effective, not just because new EPA standards, but right-to-work states, and the constant taxation by locals, states, and the feds.
...and we're not. So we have to buy buses and trucks for waste removal from the european manufacturers.
Nice article, but no. It quotes Chesapeake, can't mention another stock, once you start tampering with it to quote, sometimes copyright can bust you for altering. And Billy has washed his hands of natural gas, he definitely isn't in liquid natural gas.
Most states are doing that, but it is limited to local "yards" such as waste management trucks, local buses. In a few short years there will be a Royal Dutch Shell $15 billion refinery in Louisiana to convert LNG to diesel. It has been a huge success in Europe and middle east, since most cars over there run on diesel.
Exxon 41.1 Billion in profits while the world suffers with extreme gas prices.
Courtesy: Exxon Mobil CorporationFortune 500 rank: 1
Revenues (millions): $452,926.0
CEO: Rex W. Tillerson
It’s tough to beat the kind of year Exxon Mobil had in 2011. Shares rose by 20% and profits surged by 35% to $41.1 billion. Revenues jumped 28% to $452.9 billion, helping Exxon reclaim the top spot in the Fortune 500.
Exxon has certainly benefited from rising oil prices, particularly during the last quarter of 2011. But the company has also positioned itself well to capitalize on the latest controversial trend in domestic energy production: Fracking. Exxon now produces just about as much gas as it does oil, thanks to its $35 billion purchase of XTO Energy in 2010. As CEO Rex Tillerson told Fortune recently, with world demand for energy expected to rise considerably during the coming decades, the shale gas party has just begun.
the european manufacturers are bringing out more and more cng vehicles
GM J,
I found this tidbit on another board, didn't know if it should be posted on the cavr mb, so I put it here; you can judge.
http://www.ok.gov/triton/modules/newsroom/newsroom_article.php?id=223&article_id=7205
MB
If this bill goes thru, there will be a bigger jump in pps, not just present speculators in these converter mfrs, just be leary of the pennystocks that do not have sales history, I've seen a large number of pumping for some time now, truth is only a few busses and other public transportation rather than semi trucks have had converters put in, not a strong market in the U.S. and with refineries that already convert, the kits have become obsolete in Europe:
Heard of H.R. 1380?
by Andrew Snyder, Editor, Inside Investing Daily
It's also called: "New Alternative Transportation to Give Americans Solutions Act of 2011."
Or the acronym NAT GAS. Get it?
Hey, I think it's pretty good for the country.
So does President Obama...
It's been said he endorses it -- and is set to rubber-stamp it once it winds its way through Congress...
H.R. 1380 would be a first step in reducing our dependence on OPEC...
It would give as much as a $64,000 tax credit to convert diesel engines to natural gas.
Natural gas is cheaper, cleaner and domestically abundant (especially in places like Pennsylvania, which has gone frackin' crazy lately).
Think about it...
Spending $5 billion over 5 years to "kick-start" the natural gas transportation industry is a smart move.
Anything to cut down on the 4,776,000 barrels of crude oil the U.S. imports from OPEC -- each day...
The main target?
America's eight million 18-wheelers chugging down our highways...
Heavy trucks represent 4% of our country's vehicles, but consume a whopping 23% of transportation fuel! OUCH!
Article title is a sum-up and says it all (gee, try diluting down by 67% or greater): http://www.mining.com/2012/05/04/hey-esperanza-resources-friends-dont-let-friends-dilute-their-stock-50/?utm_source=digest-en-au-120506&utm_medium=email&utm_campaign=digest
Fox is stating oil below a hundred bucks now, cutting into those profits. The election of a super socialist in France is hurting the market, period. Tax the rich residing in France for 75% tax???
Wow, no wonder he is invited to the WH. LOL. Just kidding, got to meet and greet the new french Pres.
Jun crude oil prices this morning are trading lower with CLM12 down -0.72 cents (-0.73%) and RBM2 slightly lower by -0.05 cents (-0.02%). Crude oil and gasoline prices are seeing weakness from the European election results and weak global stock markets. Crude oil and gasoline prices on Friday plunged for third straight session: CLM12 -4.05, RBM2 -0.0742. June crude oil prices fell to a new 5-month low and gasoline posted a new 3-1/2 month low. Bearish factors included (1) the weak payroll report, (2) heavy technical selling with the downside breakout, and (3) continued overhang from last Wednesday's DOE report that showed a new 21-1/2 year high in crude oil prices
I'm beginning to feel like I need to run out for adult diapers here. LMAO.
A company was mentioned in Forbes magazine this week, it has started netting sales of $300,000 per day as of late, estimates more than $100 million in sales for 2012. It also is based on flash sales like Luxeyard (LUXR), which I mentioned yesterday, caught attention at $.80, now is $1.60, nearly 30% of it yesterday. Seems this other company still is private, hints are out there that it might go public- I'm keeping my eye on this one and out for it to IPO:
http://www.investorplace.com/ipo-playbook/can-ashton-kutcher-make-a-public-company-out-of-fab-com/
GM Johnsyn & Jaws,
That certainly was a 'moving' post Jaws... I'm pooped just thinking about it!
LoLoL!!
MB
no problema, have a happy Cinco de Mayo, JAWS. Not much going to happen with it, in near future without the merger, unless he is willing to be bought out and has offers. Not starting rumors, though. He does have those leases in the Bakken that he states are just lease plays, though it is more likely he will sublease before he can find anyone to give sublease neighboring property to him.
ROFL! I'm sorry johnsyn, you know, after reading it, I guess I see what you mean - crap (no pun intended)...I do think we should just go to a quite place and ponder our decisions on these stocks though - lol...I mean, I'm really hoping for a successful Merger!
can even skip carrying cash to yard sales. These type bump payments are suppose to outpace credit cards by 2020. As one commentor said, "makes the local drug dealer rejoice." LOL, and as they get busted, easier to look at phone history and drug test his iPad for drug residue than paper money. http://www.phonearena.com/news/Bump-Pay-brings-in-person-PayPal-transactions-to-iOS_id28569
I'm not endorsing it or any of the following, I just find it interesting and I pay for the following newsletter, but it is definitely a sector to consider for pennystock, as long as they hold the patents. That is a definite buyer beware. I see a number of the microcaps sitting in litigation in limbo.
Here's what a pricey analyst states:
we talked about – such as couponing, advertising and NFC-based services.
VeriFone PAY
Description: Global leader in secure electronic payment solutions and services
Buy Under: $56
Target Price: $75
A GameChanger Because:
On the cutting edge of point of sale (POS) electronic payment devices.
Reasons to Buy:
Three upcoming catalysts put the company in strong position for further growth
Acquisitions continue to grow the business and more are in the works
Strong earnings momentum but still attractively valued
PAY makes the bulk of its money from sales of these payment systems, but services have become an increasingly important part the business, accounting for 20% of revenues in the last fiscal year (which ended October 31, 2011). These services include repair and maintenance, large-scale customization services for customers, advertising, and a payment processing service for the taxi industry.
Three Catalysts for Growth
As you've probably noticed, these point-of-sale devices are pretty much everywhere these days. Here in the U.S., there are approximately 33 installed POS devices for every 1,000 people. That may not sound like a lot, but it does indicate the market is relatively mature.
Take a look internationally, however, and you see a much different picture. The game is still changing there, and there is a lot of room for growth. Even in developed countries, there are considerably fewer machines installed than in the U.S.: 18 per 1,000 people in Italy; 13 per 1,000 in the U.K., 11 per 1,000 in France, and 9 per 1,000 in Germany. As you would expect, the numbers are lower in still-developing nations, with 13 per 1,000 people in Brazil and less than 5 per 1,000 in China and India. In the most recent quarter, 45% of PAY's sales came in emerging markets, so they are well-positioned to profit as more nations follow the U.S. in the path to electronic transactions.
The U.S. market may be the most mature in the world, but there is still sizable growth potential that has a good chance of being realized. The reason is pretty interesting. Visa and MasterCard are among the leaders of a group of companies pushing for global technology standards called EMV, which stands for Europay, MasterCard and Visa. These are smartcards with little chips in them that can be used all over the world.
MasterCard and Visa are incentivizing U.S. retailers with lower audit fees if they install such systems by the end of this year, and if they do not switch by 2015, MasterCard and Visa will shift all fraud liabilities directly to retailers. This will strongly encourage – and practically force – between three million and four million U.S. retailers who operate with only a cash register (which uses older means of verification and processing) to adopt point-of-sales systems. VeriFone anticipates these changes will grow their addressable U.S. market by 50%. That's significant.
The third catalyst is the new mobile payment systems we talked about, such as Google Wallet and PayPal. VeriFone is in excellent position here even as the game continues to change because it can retrofit its systems to accept these, and in fact has already retrofitted 40,000 systems to accept Google wallet. There will also be more mobile wireless POS systems in stores, like the ones used in Apple stores. To help in this exciting new area, VeriFone acquired GlobalBay Mobile Technologies last November. GlobalBay provides mobile retail software applications, and its products complement VeriFone's mobile enterprise device that fits around an iPhone or iPad to accept mobile payments.
VeriFone actually made several acquisitions in the last few years that will boost growth. Two more in particular stand out: Last August, PAY acquired Hypercom, which also provides electronic payment solutions and value-added services at the point of transaction (like couponing), for $644 million. The deal helped VeriFone broaden its product and service offerings globally, and the payoff has been fast. Revenue recognized from Hypercom in fiscal 2011 was $65 million, or 25% of the company's total.
An even more significant acquisition came at the end of last year when VeriFone bought Point International, a Swedish company that is Northern Europe's largest provider of payment and gateway services and solutions for retailers. The deal was worth approximately 600 million euros plus payment of Point's outstanding debt of 170 million euros. It's important to understand that Point International is not a payment processor; it provides payment-related services to retailers, connecting them with banks and processors. This acquisition expands VeriFone's services, gives them a good deal of recurring revenues, and also enlarges the company's presence in Northern Europe, which is underpenetrated.
Building on Already Strong Results
In fiscal 2011, VeriFone's adjusted earnings jumped 45% to $1.92 a share; revenues grew 31% to $1.31 billion. One of the main drivers was a 43% increase in systems sales to foreign countries, which would have been only a 20% increase without the acquisitions we just talked about. Service revenues soared 54%, driven by acquisitions as well but also showing a strong 41% increase in organic sales in North America. These were the result of various efforts, including the company's taxi payment services. International service revenues grew 28.5% on an organic basis.
Strong growth continued in the first quarter of fiscal 2012 (reported March 5), with adjusted earnings growing 35% to $0.58 a share from $0.43 the year before. Revenues were up 50%, again largely due to the acquisitions made in 2011 but also featuring good internal growth with system revenues up 7% and service revenues up 10% organically.
Action to Take PAY
Buy PAY below $56
for a target of $75
Even with the current earnings momentum, PAY sells for approximately 20X estimated earnings for the current fiscal year. That's a reasonable valuation that becomes even more attractive when you consider the company's potential. Electronic payment processing remains a growing industry, especially in foreign markets where there's still significant opportunity, but also with the game-changing innovation taking place as companies scramble to be among the early leaders in mobile payment. VeriFone's large installed base of devices and systems almost assure that it will continue to be a leader for some time to come.
Buy PAY under $56, which is right around the stock's 52-week high that it just touched last Thursday. Our first target is $75, which would be a reasonable 23X earnings estimates of $3.30 a share for the fiscal year ending October 2013.
New GameChangers Buy: eBay (EBAY)
Let me say right up front that I love eBay (EBAY). I use it probably three times a week for everything from Spiderman pajamas for my son to the current bidding war I'm in for an autographed poster of hockey legend Bobby Orr flying horizontally across the ice.
I'm sure you're very familiar with eBay, so we don't need to spend a lot of time talking about what the company does. But if you think of eBay as still just online auctions, let me give you an update: It has developed from a fledgling online auction bazaar into a vital e-commerce center. EBay now provides an online platform for buyers and sellers in nearly 40 markets across a lot of product categories – vehicles, consumer electronics, clothing, books and yes, every collectible imaginable.
Here's the important point: With $69 billion in merchandise volume in 2011, eBay facilitated more than 15% of the world's e-commerce market, which totaled more than $450 billion.
eBay EBAY
Description: Online auction site
Buy Under: $42
Target Price: $55
A GameChanger Because:
Business expansions make it a vital e-commerce center, and its PayPal venture is a leading online payment standard.
Reasons to Buy:
Boasts a growing portfolio of large retail partners and marketplace offerings
PayPal's expanded offerings, low costs and high efficiency increases eBay's global commerce reach
Company is on a solid growth path
Still, you may be wondering why this 15-year-old business that saw its stock grow like a wildflower during the Internet bubble more than a decade ago is a game-changer today. The main answer: PayPal. PayPal's status as a leading online payment standard makes eBay an important e-commerce player. We mentioned earlier that PayPal's net total payment volume in 2011 was $119 billion. That's 20% of the global online payment industry.
Not Your Father's eBay
Amazon may be the leader in online shopping, but eBay will be an increasingly important player in e-commerce during the next several years because of a growing portfolio of large retail partners, adjacent marketplace offerings, and PayPal's assorted capabilities. In fact, eBay's abilities to facilitate traditional offline commerce through mobile payments and in-store PayPal point-of-sale tests are underappreciated by the market right now. With PayPal's expanding offerings, low costs and high efficiency, eBay's will be an increasingly vital facilitator of global commerce, which should translate into increased profitability and a higher stock price.
The company consists of three main units: First is what it calls "marketplaces," which is bringing together buyers and sellers – the roots of the company. The business has expanded well beyond eBay.com to also include sites like StubHub, Fashion, Motors and Half.com. They have also added technologies like RedLaser in mobile commerce and both Milo and Hunch in search. Milo enables search for goods at local retailers, and Hunch incorporates customers' needs and tastes into search.
The second is payments, and there is where PayPal, the real game-changer, comes in along with other services like Bill Me Later and Zong. PayPal contributed 38% of eBay's 2011 revenues. Buyers like the security and mass acceptance of PayPal, while sellers like its lower fraud rates and large user base. These benefits were originally realized on eBay, where around 85% of transactions are through PayPal. Now, PayPal is accepted by more than 60 of the top 100 online retailers and processes more than 25% of domestic online retail transactions.
With more than half of the world's Internet users coming from developing countries, PayPal, like VeriFone, has tremendous global potential. PayPal makes up 60% of eBay's global sales volume right now, and management believes it will double global cross-border payment volumes to $40 billion–$45 billion by next year. According to industry research firm Forrester, payment volumes have grown at a compounded annual rate of 25% the last five years, which is about three times as fast as the online retail market.
In addition to that trend continuing, other growth channels for the payment division include 1) PayPal's offline point-of-sale capabilities, which are being rolled out to as many as 20 national retailers this year; 2) increasing adoption of mobile commerce (eBay mobile accounted for about $5 billion in merchandise volume in 2010, with PayPal mobile generating $4 billion in payment volume); and 3) additional payment innovations, including Zong's ability to verify and clear payments through existing wireless carriers.
The third unit is GSI Commerce, which eBay acquired last year. GSI develops, builds and runs online shopping sites for companies, and with the acquisition, eBay extended the reach of its merchant services segment by adding GSI's e-commerce client base, which includes 180 retailers and prominent brands like Ralph Lauren, Victoria's Secret, and Dick's Sporting Goods. GSI offers its clients enhanced payment capabilities, wider geographic reach, and access to developing e-commerce trends.
Heading the Right Direction
Over the last few years, when many Internet stocks staged big comebacks, EBAY has lagged as consumers shifting away from the auction business, which represented 37% of marketplace volumes and 25% of total revenue in 2011. But now, eBay is on the right track to reinvigorate growth through new platform innovations. The company has overhauled its marketplaces to accommodate the fixed prices (63% of marketplace volumes and one- third of total revenue) through improved search, free shipping, mobile applications as well as complementary acquisitions (including local shopping and private sale sites). This all adds to the company's status as formidable e-commerce player, and eBay has regained a grip in categories like trendy and higher-end clothing. Other categories should experience a similar lift.
Action to Take EBAY
Buy EBAY below $42
for a target of $55
Strong evidence that eBay is heading in the right direction can be seen in the most recent earnings report, which showed promising signs of growth and acceleration in both payments and marketplaces. Revenues in the first quarter were $3.3 billion, up 29% from the previous year and 35% from the prior quarter, and exceeded Wall Street's expectations for $3.2 billion. The company earned $0.55 a share (non-GAAP), solidly ahead of estimates of $0.51.
Management raised 2012 fiscal-year guidance from revenues of $13.7 billion–$14 billion to a range of $13.8 billion–$14.1 billon, despite the sale of Rent.com. Even with the slight increase, I expect the company to exceed guidance, barring severe weakening in Europe. The buzz on the Street is also along these lines, with a number of analysts saying the growth in both payments and marketplaces points to a current "significant discount" to eBay's peers.
Buy EBAY under $42 for a first target of $55.
very "colorful" posting, JAWS you put on that thread. Not the mental picture I wanted before breakfast. LOL.
..And I just got this one in e-mail newsletter:
"don't be greedy. Remember, bulls make money, bears make money but pigs get slaughtered."
LOL. good MOTTO Moody
It did finish a hair on the green side
short term a miracle
long term lots of patience
Ugh! I think Johnsyn is right, today is not a good day to ask that question. Our poor little CAVR is a bit battered as of late, maybe a good ole Indian prayer dance would help (no offense meant to anyone).
I'd love to see it hit those numbers, but I don't think it'll be happening anytime soon. I'm preparred to ride it out.
MB
Followers
|
2
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
447
|
Created
|
04/18/12
|
Type
|
Free
|
Moderator johnsyn | |||
Assistants Willy Moody blues |
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
http://www.otcmarkets.com/financialReportViewer?symbol=CAVR&id=78571
...have the rights associated with them defined. One million shares of the 11,000,000 shares of preferred stock have been designated as Series A Preferred Stock. One million shares of the Series A Preferred have been issued. The rights for the Series A Preferred Stock are defined in a Certificate of Designation the Company filed with the Nevada Secretary of State on April 24, 2009. A summary of those rights is as follows:
(i) Dividend Rights. The Series A Preferred Stock is not entitled to receive dividends.
(ii) Voting Rights. The Holders of Series A Preferred Stock shall be entitled to vote with the Common Stock as if their shares were converted into shares of Common Stock at a ratio of 1000 shares of Common Stock for each one full share of Series A Preferred Stock (the "Voting Rate"). The Holders of shares of the Series A Preferred shall be entitled to vote on all matters on which the Common Stock shall be entitled to vote.
(iii) Conversion Rights. The Series A Preferred Stock can be converted by a resolution of the Board of Directors of the Corporation. Upon conversion, each share of Series A Preferred Stock will automatically be converted into one hundred (100) shares of Common Stock of the Corporation on the date of such occurrence. In addition to the shares of Common Stock a Holder will receive in the event of a conversion of the Series A Preferred Stock, the Holders of Series A Preferred Stock shall be entitled to receive, out of the assets of the Corporation, cash in an amount equal to $10.00 for each one (1) share of Series A Preferred Stock (as adjusted for stock splits, combinations, reorganizations and the like) held by such Holder.
(iv) Liquidation Preference. In the event of any liquidation, dissolution or winding up of the affairs of the Corporation, either voluntarily or involuntarily, the entire remaining assets, if any, of the Corporation available for distribution to stockholders shall be distributed to the holders of Common Stock pro rata, treating each share of Series A Preferred Stock as if it were a single share of Common Stock.
Number of shares or total amount of the securities outstanding for each class of securities authorized
*The company has ordered the NOBO list for disclosure
The Company is authorized to issue preferred shares.
3
Item III. FINANCIAL STATEMENTS.
CAVU RESOURCES, INC.
2011 2010
ASSETS (Unaudited) (Unaudited)
TOTAL ASSETS $ 6,919,350 5,876,015
LIABILITIES & SHAREHOLDERS' EQUITY (DEFICIT)
TOTAL LIABILITIES 3,133,604 4,305,159
Commitments & Contingencies (Note 10)
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT) $ 6,919,350 5,876,015
NOTE 2 - BASIS OF PRESENTATION
NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Marketable Securities
Revenue Recognition
The Company records revenues when the following fundamental criteria are met: (i) persuasive evidence of an arrangement exists, (ii) delivery has occurred or services have been rendered, (iii) the price to the customer is fixed or determinable and (iv) collection of the resulting receivable is reasonably assured. Revenues are recorded in accordance with Staff Accounting Bulletin ("SAB") No. 104, as issued by the United States Securities and Exchange Commission ("SAB 104"), the Company is still contemplating various business plans but anticipates recognizing revenues in 2010 and 2011. The Company negotiates contracts with its customers, which may include revenue arrangements with multiple deliverables, as outlined by Emerging Issues Task Force No. 00-21 ("EITF 00-21"). The Company's accounting policies are defined such that each deliverable under a contract is accounted for separately. Historically, the Company has not enteredinto contracts with its customers that provided for multiple deliverables.
NOTE 3 - GOING CONCERN
The Company's financial statements have been prepared on a going concern basis, which contemplates continuity of operations, realization of assets and liquidation of liabilities in the normal course of business. The Company had net earnings of $1,124,143 during the twelve months ended December 31, 2011. (This does not match page F-2)This is first profitable year the company hashad since inception and the ability of the Company to operate as a going concern depends upon its ability to obtain outside sources of working capital in the near future. Management is aware of these requirements and is undertaking specific measures to address these liquidity concerns. Notwithstanding the foregoing, there can be no assurance that the Company will be successful in obtaining financing, that it will have sufficient funds to execute its business plan or that it will generate positive operating results. The financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that might result should the Company be unable to continue as a going concern.
NOTE 4 - NOTE RECEIVABLE
In June of 2011 the Company sold its operating subsidiary Envirotek Fuel Systems, Inc. for $2,500,000 with a down payment of $300,000 and a note of $2,200,000. The Company has recently restructured this note with interest and penalties and expects to start receiving $100,000 a month until paid or until the buyers are able to recapitalize their company. The company also sold the 6.2 acres of land, the building, the rights and all of the processing equipment for the saltwater disposal facility to be built in Pauls Valley Oklahoma for $1,500,000. The company expects to be paid for this purchase by the fourth quarter of 2012.
NOTE 5 - DRILLING EQUIPMENT
Property and equipment consisted of the following:
DECEMBER 31, 2011 DECEMBER 31, 2010
8
23. On December 15, 2009 and January 20, 2010, the company has received $50,000 each respectfully for a total of $100,000 of a $5,000,000 private placement being offered by CAVU Resources One, LP (the Partnership) is seeking aggregate capital contributions (Capital Contributions) of $5,000,000 million from the sale of 100 units (the Units) of the Partnership. Each Unit will consist of one interest in the Partnership and 50,000 shares of restricted common stock of CAVU Resources Inc., a Nevada corporation. The price per Unit is $50,000, payable in full in cash at the time of subscription. This offering will not break escrow unless the minimum amount of $50,000 has been raised. (was raised as per 1st sentence) The offering period is November 15, 2009 through December 31, 2010. (was amended to extend thru December 31, 2011 as in final sentence) The Partnership will be managed by CAVU Resources, Inc. (the General Partner).
Now here's the kicker:
The profits will be pay out 100% to the Limited partner until theinvestment is returned, than all future profits will be split 75% to the Limited Partner and 25% to the General partner. The General Partner will receive a 5% management fee. The partnership was amended to extend thru December 31, 2011.
Now jump to item 26
24. On January 8, 2010 the Company entered into a note with Ayuda Funding Group, LLC in the amount of $385,000 at 15% interest, the note became due in April of 2010, this retired the original note made by Ayuda for $100,000.In connection with this new note the Company agreed to pay a royalty on it oil and gas lease owned by Envirotek Fuel Systems, Inc. in the amount of 7.5% of its net revenue or a minimum of $7,500 a month. The Company negotiated a forbearance agreement with Ayuda in February, 2011 and the company had agreed to make payments of $75,000 starting in March. The Companys renegotiated this loan and has been making lump sum payments and will continue to do so until this debt is satisfied.
25. On January 8, 2010 the Company settled the outstanding note against the Envirotek Fuel Systems, Inc. purchase for $250,000.
26. On January 15, 2010 the company received $95,000 as a fee from the sale of units of its $5,000,000 506 Red D Private Placement for CAVU Resources One, LP. The company issued 100,000 shares at a value of $5,000as part of this transaction this company has now merged with FILO Quip Resources, Inc. recently renamed CAVU Energy Services, Inc.
27. On January 7, 2009, before the acquisition on April 24, 2009, the Company entered into five and three year leases with Verilease Finance, Inc. for drilling and oil field equipment in the amount of $800,000 and $285,362, respectively. The monthly payments for these leases began on June 15, 2009 and were for interest-only amount of $5,846 in total. As of November 15, 2009, the monthly payments for each lease will be for $17,812 and $4,100 respectively. The Company has proposed a purchase of the equipment leased canceling these terms and is negotiating a settlement. The equipment was sold and the lease was settled for $344,700.00with payments of $25,000 a month beginning May 15, 2011.
28.On January 15, 2009, before the merger on April 24, 2009, CAVU Resources, Inc.entered into a convertible demand promissory note with Energy Group of America, Inc. for $400,000, in connection with the purchase of drilling equipment. The convertible demand promissory note is due in full on September 12, 2009 and carries interest at an annualized rate of 8%. Energy Group of America, Inc. was also granted conversion rights to convert negotiated amounts of the convertible demand promissory note at any time and at a negotiated conversion price per share of the Company's common stock. On December 14, 2009, February 2, 2010 and June 24, 2010, Energy Group of America, Inc. elected to convert a portion of its debt into shares of the Company's common stock. In October 2010, Energy Group agreed to settle the outstanding balance $393,559.28 and cancel any outstanding an agreement for $150,000. The company has continued to make payment reducing this debt.
29. On January 28, 2010 the Company entered into an agreement to purchase the Alexander oil and gas lease and a pipeline in Pecos Texas for $2,400,000. This agreement has expired.
30.On January 21, 2010 and February 5, 2010 the entered into a convertible debenture agreement with Tripod Group, LLC, they advanced $55,000 and $51,250 respectively to the Company. In March 2010, a private group of investors purchased the 12,266,668 shares held as security shares from Tripod and paid the notes in full.
31.On February 2, 2010 the Company sold to a private investor 1,000,000 common shares for $20,000. ($.02)
32.On February 16, 2011 the company entered into a consulting agreement with Resources Unlimited NW, LLC, to provide Michael Sheikh as the CFO of the company. Mr. Sheikh was paid 2,000,000 shares of common stock valued at $20,000. ($.01)
33.In June of 2009, a consultant engaged by CAVU Resources, Inc. entered into an agreement with Cade Drilling, LLC to drill a well in Colorado. Unknown to the management of CAVU at the time, the well was drilled and the funds advanced to the consultant to pay for the services were only partially applied. The well was completed and the Drilling contractor and associated suppliers that were owed funds filed an action in Colorado against Company. The Company was not notified in a timely fashion and a default judgment was entered against the Company on March 2, 2010. The Company has begun negotiations to settle this claim and believes terms favorable to the Company will be agreed to. (Have we REALLY been negotiating since March 2 two years ago????)
34. On March 19, 2010 the Company sold to a private investor 1,000,000 common shares for $50,000 ($.05)
35.On April 22, 2010 the Company amended its Article to reduce the number of shares authorized from 600,000,000 to 200,000,000.
36.On May 24, 2010 the Company entered into an agreement to sell 50% of its Chisholm lease and entered into a non interest bearing note and mortgaged against its 30 acre facility in Tulsa, Oklahoma for $250,000 with GT Energy, LLC for the completion for the Chisholm Lease purchase. G T Energy was issued 250,000 and 2,000,000 shares of the Company's common stock as part of the transaction additional consideration was $41,250.00. The Company will be paid $1,100,000 as additional consideration from the production revenue. (ITEM 22, PG 17- THIS 30-ACREAGE he bought from his own holdings for $100,000.00 Dec 31, 2009)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |