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Hi Again,
I do try to time my Buys based on technicals, but as you very well know, many a times, those darn technical signals just don't pan out......however, more often than not, my Sells which are also based on technicals, fare much better...
The NEOM example is kinda interesting...That stock has a GREAT story, which is taking forever to pan out...So, whenever I feel that my investment is "dead money" for a while, I don't hesitate to partially liquidate my position to invest in greener pastures elsewhere with the aim of coming back when the outlook is a bit more rosy...But as you may have noticed, I have never sold out my entire position in NEOM...And you are absolutely right, I have not, to date, made a dime in NEOM...just losses...But I am still hopeful...
Another stock which has not netted me a dime, but tons of losses, and in spite of that, continues to be a big portion of my NAV is Peregrine Pharmaceuticals. I have been invested in this company now for more than 5 years and in one of my accounts at a full service brokerage house where their transaction fees are out of sight, I have parked a sizeable holding in PPHM for over 4 years. Their fees have acted as a deterrent against trading that investment. Some may argue that I am emotionally attached to this particular investment, but I am so confident in my research, that I am quite sanguine with my chances...And recent developments at this company have convinced me even further about my decision...
Wink, wink!
The premise behind the birth of this Fund/Board was to disprove the general perception that investing in microcap stocks was a surefire way to make a small fortune...from a large one! And so far I think I have been quite successful in debunking that notion! The first and foremost job of every investor/fund manager is the preservation of the initial investment and then to find ways to make that investment grow with moderate risk...By investing my Fund's NAV in various companies and by keeping a very close watchful eye on those investments through exhausting due diligence, I am ensuring that the risk is always manageable...Being human, I too am susceptible to all the vagaries of the human emotion(s), and it is very difficult, if not impossible, to completely take that out of my decision making process…but I try...The very fact that this particular Fund of mine is totally transparent, and therefore open to scrutiny, allows me to be more detached and mechanical. But even then, I am sometimes caught in the throes of my emotions...Just can't help it...
However, my returns to date tell me that by and large, I have been reasonably successful in keeping my emotions in check...
Cheers!
contax
Hold tight! Its not always a fair game! We have come along!
I very well know about the venture exchange 1/2 cent mooching pirates. They are part of the game untill some heavy buyers correct the pattern. It apppears activity will continue to pick up, as the drilling continues forward. PRRPF is now showing a volume flare for eventfull activity.
-----------------------------------------------------------
BSIC should already be a $4.50 stock. It based long enough at $2.10 . Ray Singleton of BSIC is highly honorable to speak with. The drilling plan even in the mist of a shortage of riggs is still on course.
Cavan,
Yes, I am watching...
However, I am quite happy with my move...
BTW, have you been watching PPHM and MOBL...
Sheesh...
Cheers!
contax
TechKim,
So what do you really think of Portrush Petroleum now?
As you may have noticed, I finally bought a modest position into the company last week...Before I bought for this Fund, I first purchased a small position in another portfolio that I manage and it was then when I first noticed the MMs shenanigans which then absolutely convinced me to also buy for this Fund. And here too my order got filled at .161¢ when the going ask was .160¢...
Also, looks like BSIC is starting to make a move...which I believe will be a substantial one...
Cheers!
contax
Contax,are you watching MKRS??? Regarding MKRS
Lockheed Awarded $57MM contract to upgrade AEGIS weapons systems
http://www.philly.com/mld/philly/business/special_packages/cf_biz/13645998.htm
- - - - -
Below is a quote from MKRS' 10Q filed in November 2005
In July 2005, we awarded a subcontract to Lockheed Martin Corporation in Moorestown, New Jersey to provide engineering technical services in support of the ADEPT Phase III SBIR production and qualification contract. As the design agent of the AN/SPY-1 radar system, Lockheed Martin will be providing expertise to assist us in the verification and qualification of ADEPT as a SPY-1 maintenance and alignment tool. The total value of this time and materials subcontract is expected to be approximately $100,000.
Hey, Wish I would have stated my opinion earlier, but I don't know if I could give a good "example" of where I thought your emotions took over- being that I've been kinda watching your plays for a year or so.
One that does stick out is NEOM- you have played it a few times, but I'm not sure if overall you made anything off it.
A couple times I seen you state "adding to", or "screaming buy" that says to me- I'm doubting myself. Hope that makes sense.
It may be the "trader" in me that wonders why you would liquid a position based on the "story", and not the fundamentals or technicials.
In trying to explain, I hope I din't offend
Hi,
Thanks for your input...Sorry, I somehow overlooked to answer your post...
>>>I noticed a couple of your trades, from my perspective, were emotional. I would challenge you to try to take that out of play, and know your entry/exit and targets before you enter a trade.<<<
Which particular "trades" did you feel were emotional? Am very curious to see my moves from your perspective...will appreciate your feedback...
As I have stated in the header of my board, this is not a "trading" portfolio, but is truly an investment portfolio. Because of that, I do not go in with a predetermined exit price target.. My final exit price target is actually determined by my read of that particular company's "story." If I don't feel that the story is as compelling as it was when I first invested in it, then I will liquidate my entire position. Otherwise, I will stay in there...However, I may take profits from time-to-time, whenever I feel that the stock's technicals dictate as such...
And then of course there are investments in companies, whose game plan does not impress me anymore, but the original "story" still feels intriguing...in their case(s), I will hold on to a very small position just for the sake of monitoring their story(s)...
Cheers!
contax
Buy PRRPF: Filled!
6,000 shares @ $0.161¢ = $966.00 + $8.99 (commission) = $974.99
Fund's current holding in PPRRPF: 6,000 shares
Fund's current Cash Position after this Buy: $1,877.74 (from before) - $974.99 = $902.75
Cheers!
contax
NEW TRADE: PRRPF
BUY: PRRPF
NUMBER OF SHARES: 6,000
Price: Market
Reason for Purchase: News is Good and so are the Technicals...
Cheers!
contax
SELL PHPG: Filled!
1,190 shares @ $1.45 = $1,725.50 - $8.99 (commission) = $1,716.51
Fund's current holding in PHPG after this sale = 400 shares
Fund's current Cash Position after this sale: $161.23 (from before) + $1,716.51 = $1,877.74
Cheers!
contax
NEW TRADE: PHPG
Sell: PHPG
NUMBER OF SHARES: 1,190
Price: Market
Reason for Sale: Take some profits while this stock (hopefully!) works on completing the handle of the "Cup and Handle" chart formation...I can use that
money to diversify in other potentials...
Cheers!
contax
Buy NEOM: Filled!
1,000 shares @ $0.38¢ = $380.00 + $8.99 (commission) = $388.99
Fund's current holding in NEOM: 1,000 shares (from before) + 1,000 = 2,000 shares
Fund's current Cash Position after this Buy: $550.22 (from before) - $388.99 = $161.23
Cheers!
contax
NEW TRADE: NEOM
BUY: NEOM
NUMBER OF SHARES: 1,000
Price: Market
Reason for Purchase: Technicals look good...
Cheers!
contax
Contax,
I'll definitely be looking @ PPHM. Their time should be (hopefully) near. Plus your two largest holdings - CMNN & BLLI. Do you have a "Cliff's Notes" summary of your keen interest in these?
One more for you to take a look at - EGLF: Element 21 Golf.
Sounds boring - Who needs another golf club? The operative word here is "scandium."
Read 2 of their latest PR's, 11/23/05 and 01/04/06. The November PR is an eye-knocker-outer.
As with most BBs, funding is the issue. I've spoken several times with EGLF IR guy. He "claims" that they will not be forced into an unacceptable financing arrangement, and that if required, they will sell P.O.s for funding of initial "mass" production. After that, revenues will take care of things (according to IR).
Happy New Year,
David
Buy WSCE: Filled!
3,000 shares @ $0.96¢ = $2880.00 + $8.99 (commission) = $2,888.99
Fund's current holding in WSCE: 3,000 shares
Fund's current Cash Position after this Buy: $3,439.21 (from before) - $2,208.99 = $550.22
Cheers!
contax
NEW TRADE: WSCE
BUY: WSCE
NUMBER OF SHARES: 3,000
Price: Market
Reason for Purchase: Had been waiting for this piece of news...
Cheers!
contax
That is EXACTLY the reason why I purchased it 9 months ago and finally lost my patience...I have to say that its monthly chart is a textbook PERFECT cup and handle formation...I of course have it on my radar and as soon it breaks out of this cup and handle formation and prints 35¢ on heavy volume, I will jump right back in...In the meantime, I want to put my Fund's money to work in other stocks which, imho, have more immediate prospects...
It is quite possible that I may have sold just when it is getting ready to start its move...In which case I will end up in a very sullen mood...
Good Luck to You!
contax
Here is a good place to start!Check out who they keep company with? DRS,LMT, U.S. Navy's Dahlgren Division, Naval Surface Warfare Center (NSWCDD, Laurel Technologies in Johnstown, Pennsylvania Some great posts here by tincups from the microcapkitchenboard. http://www.investorshub.com/boards/read_msg.asp?message_id=3129917 http://www.mikros.us/
I am always glad to be of help...
LOL!
If you are holding over 46,000 shares of MKRS, then, may I know the reason behind your bullishness over their future prospects?
Thanks!
contax
Thanks, got your 4038 +2 =4040 @.185 Now holding over 46,000 MKRS
Buy BSIC: Filled!
1,000 shares @ $2.20 = $2200.00 + $8.99 (commission) = $2,208.99
Fund's current holding in BSIC: 1,500 shares from before + 1,000 = 2,500 shares
Fund's current Cash Position after this Buy: $5,648.20 (from before) - $2,208.99 = $3,439.21
Cheers!
contax
P.S. I had originally purchased BSIC for my Fund on June 6, 2005 for $1.32 and sold most of them two months later for $2.76...I am hoping to replicate that with this purchase...
NEW TRADE: BSIC
BUY: BSIC
NUMBER OF SHARES: 1,000
Price: Market
Reason for Purchase: Just want to add to my Fund's position...
Cheers!
contax
SELL CMNN: Filled!
3,000 shares @ $1.26 = $3,780.00 - $8.99 (commission) = $3,771.01
Fund's current holding in CMNN after this sale = 4,000 shares
Fund's current Cash Position after this sale: $1877.19 (from before) + $3,771.01 = $5,648.20
Cheers!
contax
NEW TRADE: CMNN
Sell: CMNN
NUMBER OF SHARES: 3,000
Price: Market
Reason for Sale: Take some profits while bringing the Fund back in compliance with its Charter...PLUS, I need the money to diversify!
Cheers!
contax
SELL MKRS: Filled!
4,038 shares @ $0.185¢ = $747.03 - $8.99 (commission) = $738.04
Fund's current holding in MKRS after this sale = 0 shares
Fund's current Cash Position after this sale: $1139.15 (from before) + $738.04 = $1877.19
Cheers!
contax
NEW TRADE: MKRS
Sell: MKRS
NUMBER OF SHARES: 4,038
Price: Market
Reason for Sale: Want to get a head start with my Spring cleaning...need to clear the debris from last year!
Cheers!
contax
Buy BSIC: Filled!
1,300 shares @ $2.15 = $2795.00 + $8.99 (commission) = $2,803.99
Fund's current holding in BSIC: 200 shares from before + 1,300 = 1,500 shares
Fund's current Cash Position after this Buy: $3,943.14 (from before) - $2,803.99 = $1139.15
Cheers!
contax
NEW TRADE: BSIC
BUY: BSIC
NUMBER OF SHARES: 1,300
Price: Market
Reason for Purchase: Both Technically and Fundamentally, things are again starting to look good for BSIC...
Cheers!
contax
SELL BLLI: Filled!
2,000 shares @ $1.90 = $3800.00 - $8.99 (commission) = $3791.01
Fund's current holding in BLLI after this sale = 1,500 shares
Fund's current Cash Position after this sale: $152.13 (from before) + $3791.01 = $3,943.14
Cheers!
contax
NEW TRADE: BLLI
Sell: BLLI
NUMBER OF SHARES: 2,000
Price: Market
Reason for Sale: Stock looks overbought...
Cheers!
contax
BSIC awaiting the new State 16 well results in North Dakota.
Read the last news release. More drilling to come in the area. Possibly 40 more wells in North dakota alone. So something good initialy has happened in North dakota.
Prrpf is about ready to drill in Texas. Rigg may be on site now or shortly. The percentage of PRRPF being a productive well is almost certain. Along time has passed since anyone went back to drill for natural gas. What they need is a rigg to prove it.
That is still a good return. 2005 was a tough year, imo. It is the first year I've recorded losses (due to one major investment going sour) since 2000- so for only 2 years in the making I think you did well.
FWIW, I noticed a couple of your trades, from my perspective, were emotional. I would challenge you to try to take that out of play, and know your entry/exit and targets before you enter a trade.
Hi TechKIm,
>>just a hunch. I assume you may have been using an all or none selection in purchases?<<
No, I was not...
You are however correct...those trades going though were crossovers between MMs.
BTW, the chart and the latest news emanating out of Basic all look very promising and I am planning to buy back my original postion and maybe some more, in BSIC. What is your knowledgeable opinion?
Also, what is your take on the latest activity in PRRPF?
Thanks in advance for your input...
Cheers!
contax
P.S. Happy New Year!
Hello Bylosellhier,
Happy New Year!
Sorry for a very tardy reply and Thank You for the very kind words...
WOW! Your CYGX pick has been acting like the Energizer bunny! Since your plug here, it has gone up a whopping 41.43% in only 7 trading days!
With this kinda return, I suggest that you take over the management of this Fund, while I go back to school to take a refresher in Investment 101...
I have been aware of CYGX for quite sometime and had, at various times in the last 2 years, considered purchasing it for this Fund, but for some inexplicable reason(s), never did...
(
Have even posted on the iHub's CYGX board in the past and have also mentioned the company here on my board...But lately it was not even on my radar until you brought it back to my attention. A BIG Thank You to you for that!
The stock, at this time, is extremely over bought. But I fully intend to keep a very close eye on it and at the first sign of weakness in its price, will purchase it for this particular portfolio and also for my other portfolios.
Congratulations on your very wise investment.
As for your question regarding MOBL...I am still very optimistic about my investment in this company and hope that with the help of their new investment bank, they will be able to clean up their books from the extremely detrimental effects of their toxic financing arrangement with Cornell...The next three months should be very interesting...
BTW, do look into PPHM...and please continue to chime in here with your investment ideas...
Cheers!
contax
Happy New Year!
Hope this New Year will be Very Generous to everyone's portfolio!
But most important, I wish everyone a Healthy Year!
Cheers!
contax
The Fund's Annual End of the Year Report: 2005
SUMMARY:
The year 2005 was a very tough year for Contax's Five & Dime and Two $$ Too Investment Fund (CFDTDF)! In my second full year managing this experimental Fund, I fell way short of my goal of triple digit return. I mean waaaaaay short! To say that I am a bit chagrined, would be an understatement…
Last year, my Fund’s first year of existence, I was able to muster a pretty decent return of 42.96%. (Just to keep the record straight, the Fund’s first full year lasted a bit longer than a conventional year…to be more precise: 13 months and 2.5 weeks!) However, this year, as you will see in this report, I was lucky to eke out a rate of return that was barely half as good!
The Fund, ended its 2nd year of existence on December 31st 2005, with a Net Asset Value (NAV) of $35,343.93, a gain of $6,751.36 from its December 31st 2004 closing value of $28,592.57. Therefore, for the year, the Fund gained 23.61%. In that same period, the S&P 500, was up 36.37 points, from its January 1st 2005 starting price of $1,211.92 and its end of the year close of 1,248.29 points, a gain of 3.00%. On a head-to-head comparison basis with the Fund’s benchmark, the Contax’s Five and Dime Fund outperformed the S&P 500 by almost 8:1 margin.
The CFDTDF Fund's current Net Asset Value (NAV): $35,343.93
(As of December 31st 2005)
The CFDTDF Fund's original Net Asset Value (NAV) (Nov. 9th. 2003): $20,000
The CFDTDF Fund's Net Asset Value (NAV) on December 31st 2004: $ 28,592.57
Net Gain or (Loss) in CFDTDF Fund's value since the Fund's inception: + $15,343.93
Percentage change in the CFDTDF Fund's NAV since its inception on Nov 9th. 2004: + 76.72%
Net Gain or (Loss) in CFDTDF Fund's value in the Year 2005: + $6,751.36
Percentage change in the CFDTDF Fund's NAV in the Year 2005: + 23.61%
The S&P 500 current reading: 1,248.29 (As of December 31st 2005)
The S&P 500’s original value, as of November 9th. 2003: 1,053.21
The S&P 500 value on January 1st 2005: 1,211.92
Net Gain or (Loss) in the S&P 500 since the Fund’s inception: +195.08 points
Net % change in the S&P 500 since the Fund’s inception: +18.52%
Net Gain or (Loss) in the S&P 500 since January 1st 2005: +36.37 points
Net % change in the S&P 500 in the Year 2005: +3.00%
Fund's Performance versus the S&P 500: + 20.61%
The following, is the Contax's Five & Dime and Two $$ Too Investment
Fund’s (CFDTDF) current stock holdings along with their
respective End of the Year closing price(s):
Updated Fund Position as of December 31st 2005:
1) CMNN: 7,000 shares Valued at $9,450.00 (December 31st 2005 Closing Price: $1.35)
2) BLLI: 3,500 shares Valued at $7,175 (December 31st 2005 Closing Price: $2.05)
3) PPHM: 6,800 shares Valued at $6,324.00 (December 31st 2005 Closing Price: $1.03)
4)MOBL: 30,000 shares Valued at $5,220.00 (December 31st 2005 Closing Price: $0.174¢)
5) EZEN: 1,000 shares Valued at $2,410.00 (December 31st 2005 Closing Price: $2.41)
6) PHPG: 1,590 shares Valued at $2,305.00 (December 31st 2005 Closing Price: $0.90¢)
7) BIPH: 517 shares Valued at $785.84 (December 31st 2005 Closing Price: $1.52)
8) MKRS: 4,038 shares Valued at $686.46 (December 31st 2005 Closing Price: $0.17¢)
9) BSIC: 200 shares Valued at $430.00 (December 31st 2005 Closing Price: $2.15)
10) NEOM: 1,000 shares Valued at $304.00 (December 31st 2005 Closing Price: $0.304¢)
11) ADVR: 1,000 shares Valued at $70.00 (December 31st 2005 Closing Price: $0.07¢)
12) SLXI: 1,000 shares Valued at $31.00 (December 31st 2005 Closing Price: $0.031¢)
13) $Cash$ on December 31st 2005: $152.13
The current holding(s) as a percentage of the CFDTDF Fund's present Net Asset Value (NAV) of $35,343.93 is as follows:
1) CMNN = 26.74%
2) BLLI = 20.30%
3) PPHM = 17.89%
4) MOBL = 14.77%
5) EZEN = 6.82%
6) PHPG = 6.52%
7) BIPH = 2.22%
8) MKRS = 1.94%
9) BSIC = 1.22%
10) NEOM = 0.86%
11) ADVR = 0.20%
12) SLXI = 0.09%
13) $Cash$: 0.43%
The Current NAV of the Fund is $35,343.93
To date, the total percentage of the NAV invested: 99.57%.
Present cash position of the Fund: $152.13
Cash Available to Purchase: $152.13
Final Thoughts: Looking back at the Year 2005, I am extremely
disappointed with my performance as the Manager of the CFDTD Fund.
Beating the benchmark S&P 500 Index by an 8x margin may be a bit satisfying,
but the fact that I did not beat my own performance of last year, is personally,
very disappointing…And coupled with the fact that I was nowhere close to
my yearend target of triple digit return, my performance is all the more shabby!
Reflecting back, I can now clearly see the things that I did wrong and hope to
correct those missteps in 2006. And then of course, two of my biggest bets, namely
MOBL and PPHM, both in their respective infinite wisdom(s), decided to saunter in
a direction which was at complete odds with my plans/projection(s). However, I am
quite hopeful that they will both perform well for my Fund in the Year 2006.
So what is my goal for this New Year…
Once again I will shoot for triple digit gains in calendar year 2006 and being the
perennial optimist, I am even more confident that I will be able to achieve this year
that which eluded me last…
Cheers!
contax
possible what you are seeing is crossover's between parties.
just a hunch. I assume you may have been using an all or none selection in purchases?
A question & a "Take a look:"
Contax,
Have been lurking for quite some time. I admire what your doing as well as your return to date (your return = the envy of many).
A question (or three): MOBL has been getting beat to death for a while now. Any thoughts from your end as to why? And more particularly, when the bleeding might stop? And most particular of all, are your long term prospects still as rosy (or rosier) as they once were?
I've got a small position and would love to bottom feed and add more on this one.
My "Take a look" - CYGX (Cytogenix)
Chart looks way overbought after a tremendous run-up recently, but 2 great P/R's out this week:
1. Dismissal of a $500M lawsuit (nothing wrong w/that)
2. CytoGenix, Inc. (OTCBB:CYGX - News) and Aldevron, LLC announced positive results of a pilot study using CytoGenix synDNA(TM) as the active ingredient in a Hepatitis B vaccine, demonstrating that it is highly effective in generating an immune response.
Many hurdles left (many many) but some very astute CYGX posters on I-HUB are talking really big things for this little biotech. Might be worth a look. I've got a somewhat larger position in this one.
Good luck and thanks for a job well done. You give us novices some hope in additon to some good leads.
I think CXN is good for a run up!
This is why CXN? This will be huge!
CIRCLE GROUP HLDGS (AMEX:CXN)
http://www.stockhouse.com/comp_info.asp?symbol=CXN&table=AMEX
UPDATE -- George Foreman Enterprises, Inc.
Friday December 2, 4:28 pm ET
In the news release, George Foreman Enterprises, Inc. (OTC Bulletin Board: GFME.OB), "George Foreman Enterprises Inks First Deal, Builds Momentum Toward Creation of Lifestyle Brand", issued yesterday, December 1, 2005 by George Foreman Enterprises, Inc. over PR Newswire, the Forward-Looking Statements and Risk Factors were omitted inadvertently. The complete, corrected release follows.
George Foreman Enterprises Inks First Deal, Builds Momentum Toward Creation of Lifestyle Brand
Company Enters Into Agreement with Circle Group Holdings to Promote & Market Z-Trim(R), a Zero Calorie Fat Substitute
LAS VEGAS, Dec. 2 /PRNewswire-FirstCall/ -- George Foreman Enterprises, Inc. (GFME.OB), the lifestyle brand company launched to harness and leverage the George Foreman brand name, today announced a new venture with Circle Group Holdings, Inc. (AMEX: CXN - News) to promote and market their Z-Trim® zero calorie fat replacement ingredient to major food companies, QSR and restaurant franchises, the health and wellness community and the consumer market. The transaction is the first venture announced since the launch of George Foreman Enterprises, Inc. last August.
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"We created George Foreman Enterprises, Inc. to build a lifestyle brand that harnesses the power of the George Foreman name," said George Foreman, Co- Chairman of George Foreman Enterprises. "The agreement with Circle Group is the perfect way to kick start our new venture as this deal will help us begin to actualize our vision of creating a lifestyle brand empire based on health, fitness, quality and the embodiment of the American dream. Z-Trim is designed to help people lead healthier, more active lives, and that is exactly what George Foreman Enterprises was created to do. As everyone knows, I love to find terrific products that everyone doesn't know about just yet. Z-Trim is my new secret, and I am looking forward to working toward turning it into another national treasure."
Z-Trim, which was developed by Dr. George Inglett, a leading scientist at the Department of Agriculture, and then exclusively licensed by the U.S. government to Circle Group, is a natural zero calorie fat-substitute made from the hulls of corn, oats, soy, rice, barley. The product lowers 25% to 50% of calories and fats in most foods without negatively affecting taste or texture.
"After years of research and development, we have unquestionably proven that Z-Trim® can substantially reduce harmful Trans and saturated fats and add healthy insoluble and soluble dietary fiber which can be beneficial to heart patients and diabetics," commented Dr. Inglett. "As our nation's obesity crisis continues to mount, we believe Z-Trim can be a powerful tool in helping people to lead more healthy lifestyles, particularly as the product can improve digestion without any of the negative side effects sometimes associated with other fat substitutes."
Z-Trim, which is being marketed as both an ingredient brand to major food companies and restaurants, as well as a product sold directly to consumers, is anticipated to receive a welcome response from both key audiences as it generally can't be detected when formulated correctly in dairy, dressings, dips, sauces, baked goods, processed meats, snack foods, cookies, pies, cakes, icings, brownies, bars, ice cream, milk shakes and many other foods.
"With an unprecedented track record of successful salesmanship, we are honored that George and George Foreman Enterprises have chosen to help bring Z-Trim to the public consciousness, with the ultimate goal of improving the health of people everywhere over time," said Greg Halpern, CEO of Circle Group Holdings. "This is sure to be a welcome addition to the current ingredient brands available to the major restaurants and food companies, and a terrific zero fat product option for consumers, particularly as our nation continues to struggle with its expanding waistline."
Highlights of the new venture include:
-- George Foreman Enterprises and Circle Group Holdings will form a
jointly owned limited liability company for the specific purpose of
promoting Z-Trim. This LLC will have the rights to use George
Foreman's name and likeness to promote Z-Trim.
-- George Foreman Enterprises shall have the right, subject to Circle
Group Holdings' shareholder approval, after performing certain
marketing and media activities, to convert its interest in the LLC into
up to 50% of the then outstanding shares of Circle Group Holdings.
-- The venture contemplates a targeted and intensive media campaign,
spearheaded by George Foreman, including multiple print media, national
network, cable television, and radio appearances.
-- George Foreman has a personal policy of only endorsing products that he
strongly believes are highly beneficial to the public. In line with
this policy, and owing to George's strong personal belief that Z-Trim
is the right product at the right time, the agreement is an equity-
based partnership rather than a straight cash endorsement deal.
About George Foreman Enterprises, Inc.
In August 2005, George Foreman Enterprises, Inc. entered into a series of definitive agreements with former world heavyweight boxing champion George Foreman allowing the company exclusive future use of his name, likeness, and personal services through the assignment of his intellectual property. The company is designed to leverage the assets of one of the most powerful celebrity athlete brands of all time. George Foreman Enterprises, Inc. will exclusively handle all future business developments related to new uses of George Foreman's intellectual property and prospective licensing agreements. See also http://ztrim.com/gfme.html.. The company seeks to maximize the George Foreman name through licensing, join ventures and/or the acquisition of operating companies. Prior to August 2005, George Foreman Enterprises was known as Musicmaker.com and then MM Companies.
About Circle Group Holdings, Inc.
Circle Group Holdings, Inc. (http://crgq.com ) is a pioneer of emerging technology companies. Circle Group Holdings provides small business infrastructure, funding and substantial intellectual capital to bring important and timely life-changing technologies to market through all early phases of the commercialization process. FiberGel Technologies, a wholly owned subsidiary of Circle Group Holdings, owns the worldwide rights to Z-Trim for all fields of use. Invented over many years by Outstanding Senior Research Scientist Dr. George Inglett at the United States Department of Agriculture, Z-Trim is protected by three issued U.S. and International patents with more than 54 additional patents pending. Circle Group Holdings' press releases are available at http://www.crgq.com/HTML/breakingNews.html
About Z-Trim®
Z-Trim is a natural zero calorie fat-substitute made from the hulls of corn, oats, soy, rice, barley that lowers 25% to 50% of calories from fats in most foods without negatively affecting taste or texture. Z-Trim generally can't be detected by consumers when formulated correctly in dairy, dressings, dips, sauces, baked goods, processed meats, snack foods, cookies, pies, cakes, icings, brownies, bars, ice cream, milk shakes and many other foods. It improves texture significantly; makes meats juicier, baked goods moister, dips creamier. Z-Trim lets you to eat more of the foods you love without fear of weight gain and allows you to lose weight without giving up the foods you love. Z-Trim adopts the flavor and mouth feel of most recipes and reduces aftertaste in most foods. It has been proven in studies that a majority of consumers prefer Z-Trim foods over their full-fat counterparts. Z-Trim can substantially reduce harmful Trans and saturated fats and adds healthy insoluble and soluble dietary fiber which can be beneficial to heart patients and diabetics. Z-Trim can improve digestion without any negative side effects sometimes associated with other fat substitutes. Z-Trim has been featured on Fox News "Your World w/ Neil Cavuto"; USA Today, Chicago Tribune, as well as local affiliates of NBC, FOX and CBS.
Forward-Looking Statements and Risk Factors
Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "believes", "anticipates," "plans", or "expects" and other statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. The discussion of forward-looking information requires management of the company to make certain estimates and assumptions regarding the company's strategic direction and the effect of such plans on the company's financial results. The company's actual results and the implementation of its plans and operations may differ materially from forward- looking statements made by the company. The company encourages readers of forward-looking information concerning the company to refer to its prior filings with the Securities and Exchange Commission that set forth certain risks and uncertainties that may have an impact on future results and direction of the company.
The venture with Circle Group is subject to the company's limited due diligence cancellation condition in the event that third-party analysis of Z- Trim ® shows results inconsistent with Circle Group's claims of benefits and safety, or based upon the company's determination after meeting with food manufacturers regarding the prospects of securing contracts utilizing Z-Trim ® and George Foreman in future product campaigns. The company has 60 days from the date of the Agreement to exercise this right. Furthermore, Circle Group is required by American Stock Exchange regulations to obtain shareholder approval prior to issuing 20% or more of Circle Group's common stock pursuant to the new venture. In connection with forming the new venture, the parties will enter into more definitive detailed documentation that will contain more detailed terms of the venture consistent with the agreement.
The company's business will depend on the exploitation and protection of its intellectual property. The company's success will depend primarily upon its ability to exploit and protect the intellectual property rights that George Foreman and George Foreman Productions, Inc. have assigned to the company's majority-owned subsidiary George Foreman Ventures LLC. Foreman has entered into numerous licensing, endorsement and other agreements over the last decade, and there can be no assurances that a third party will not assert a claim to some or all of the intellectual property rights that the company believes have been assigned to George Foreman Ventures. In addition, the United States Patent and Trademark Office may cite preexisting trademark applications and registrations by third parties against, and prior trademark owners may oppose, future trademark applications by the company or George Foreman Ventures incorporating the George Foreman name. Further, even if the company or George Foreman Ventures were able to obtain acceptance of its trademark applications by the U.S. PTO, a significant number of similar marks registered by, and licensed to, third parties could diminish the value and protectability of the intellectual property held by the company or George Foreman Ventures.
Participation in litigation or regulatory proceedings in the U.S. or other countries, which could result in substantial cost to and diversion of energies by the company and George Foreman Ventures, may be necessary to enforce the trademarks and other rights assigned to George Foreman Ventures, to defend the company, George Foreman Ventures or third parties against potential infringement claims asserted by others or to determine the ownership, scope or validity of the proprietary rights of the company, George Foreman Ventures and others. The parties to such litigation may be larger or better capitalized than the company and better able to support the cost of litigation. An adverse outcome in any such proceedings could subject the company and/or George Foreman Ventures to significant liabilities to third parties, require them to seek licenses from third parties and/or require them to cease using certain or all intellectual property, any of which could have a material adverse effect on the company's business, operating results and financial condition.
Contact:
Investor Relations:
Efrem Gerszberg
732-993-1280
Efrem@Foremanenterprises.com
Media:
Andrew Bard
212-445-8368
abard@webershandwick.com
--------------------------------------------------------------------------------
Source: George Foreman Enterprises, Inc.
Buy PPHM: Filled!
2,800 shares @ $0.99¢ = $2772.00 + $8.99 (commission) = $2,780.99
Fund's current holding in PPHM: 4,000 shares from before + 2,800 = 6,800 shares
Fund's current Cash Position after this Buy: $2,933.12 (from before) - $2,780.99 = $152.13
Cheers!
contax
P.S. How cute...As soon as I changed my order to 99¢, BAM!
Just spoke with my broker at OC Securities and was told that the Market Makers are not filling my trade because my Bid is not a "Round" number but a fractional...That is very strange, because I see trades being executed at $0.982 and $0.987, but they won't fill my bid of $0.985...
I guess I will have to change my order to 99¢...
contax
NEW TRADE: PPHM
BUY: PPHM
NUMBER OF SHARES: 2,800
Price: $0.985¢ (Limit)
Reason for Purchase: Looks like my 5+ year wait may (hopefully!) finally bear fruit...
Cheers!
contax
SELL GSHF: Filled!
1,000 shares @ $0.107 = $107.00 - $8.99 (commission) = $98.01
Fund's current holding in GSHF after this sale = 0 share
Fund's current Cash Position after this sale: $2,835.11 (from before) + $98.01 = $2,933.12
Cheers!
contax
NEW TRADE: GSHF
Sell: GSHF
NUMBER OF SHARES: 1,000
Price: Market
Reason for Sale: It is Spring cleaning time...in Winter!
Cheers!
contax
SELL NEOM: Filled!
4,000 shares @ $0.325 = $1,300 - $8.99 (commission) = $1,291.01
Fund's current holding in NEOM after this sale = 1,000 share
Fund's current Cash Position after this sale: $1,544.10 (from before) + $1,291.01 = $2,835.11
Cheers!
contax
NEW TRADE: NEOM
Sell: NEOM
NUMBER OF SHARES: 4,000
Price: Market
Reason for Sale: I have other plans for this money...
Cheers!
contax
SELL GLIF: Filled!
70,000 shares @ $0.02 = $1,400 - $8.99 (commission) = $1,391.01
Fund's current holding in GLIF after this sale = 0 share
Fund's current Cash Position after this sale: $153.09 (from before) + $1391.01 = $1,544.10
Cheers!
contax
NEW TRADE: GLIF
Sell: GLIF
NUMBER OF SHARES: 70,000
Price: Market
Reason for Sale: This purchase just did not pan out...Need to reallocate the funds...
Cheers!
contax
***End Of The Month Summary: Octber 2005***
Detailed below is the Contax’s Five & Dime Fund’s performance
versus the benchmark S&P 500, for the month of October 2005:
Current (10/31/2005)Value of the S&P 500 Index: 1,207.01
Closing value of the S&P 500 Index on September 30th 2005: 1, 228.81
Change for the Month of October: - 21.80
Percentage Change in the S&P 500 Index for the month of October 2005: - 1.77%
Value of the S&P 500 Index at the time of Inception
of the CFDTDF Fund (November 9th. 2003): 1,053.21
Value of the S&P 500 Index on January 1st. 2005: 1,211.92
Percentage Change in the S&P 500 Index since the Fund's Inception: + 14.60%
Percentage Change in the S&P 500 Index Year-To-Date (YTD): - 0.405%
This Month’s Closing Summary of CFDTDF Fund:
Current (10/31/2005) Net Asset Value (NAV): $37,458.57
Closing value of the Fund on September 30th 2005: $42,790.90
Change for the Month of October: - $5,332.33
Percentage Change in the Fund since September 30th 2005: – 12.46%
Net Asset Value at the time of the Fund's Inception: $20,000
Net Asset Value on January 1st. 2005: $28,592.57
Percentage Change of NAV since the Fund’s inception: + 87.30%
Percentage Change of NAV Year-to-Date (1/1/2005): + 31.00%
Fund’s Performance versus the S&P since the Fund’s Inception: + 72.70%
Fund's Performance YTD versus the S&P 500: + 31.40%
The following, is the Contax's Five & Dime and Two $$ Too Investment Fund’s (CFDTDF) current
stock holdings along with their end of the month closing price(s):
Updated Fund’s positions as of October 31st 2005:
1)MOBL: 25,000 shares Valued at $5,075.00 (October 31st 2005 Closing Price: $0.203¢)
2) PPHM: 4,000 shares Valued at $4,120.00 (October 31st 2005 Closing Price: $1.03)
3) MPWG: 2,000 shares Valued at $3,800.00 (October 31st 2005 Closing Price: $2.091)
4) EZEN: 1,452 shares Valued at $3,630.00 (October 31st 2005 Closing Price: $2.50)
5) CMNN: 3000 shares Valued at $3,000.00 (October 31st 2005 Closing Price: $1.00)
6) HISC: 35,000 shares Valued at $2,765.00 (October 31st 2005 Closing Price: $0.079¢)
7) BLLI: 1,500 shares Valued at $2,400 (October 31st 2005 Closing Price: $1.60)
8) DFNS: 3,939 shares Valued at $2,363.40 (October 31st 2005 Closing Price: $0.60¢)
9) NEOM: 5,000 shares Valued at $2000.00 (October 31st 2005 Closing Price: $0.40¢)
10) GLIF: 50,000 shares Valued at $2000.00 (October 31st 2005 Closing Price: $0.04¢)
11) PHPG: 1,590 shares Valued at $1,431.00 (October 31st 2005 Closing Price: $0.90¢)
12) BIPH: 517 shares Valued at $951.28 (October 31st 2005 Closing Price: $1.84)
13) INSQ: 300,000 shares Valued at $900.00 (October 31st 2005 Closing Price: $0.003¢)
14) MKRS: 4,038 shares Valued at $747.03 (October 31st 2005 Closing Price: $0.185¢)
15) BSIC: 200 shares Valued at $436.00 (October 31st 2005 Closing Price: $2.13)
16) GSHF: 1,000 shares Valued at $135.00 (October 31st 2005 Closing Price: $0.135¢)
17) ADVR: 1,000 shares Valued at $95.00 (October 31st 2005 Closing Price: $0.095¢)
18) SLXI: 1,000 shares Valued at $65.00 (October 31st 2005 Closing Price: $0.065¢)
19) $Cash$ on October 31st 2005: $1,544.86
The current holding(s) as a percentage of the CFDTDF Fund's
Net Asset Value (NAV) as of August 31st 2005 is as follows:
1) MOBL = 15.48%
2) PPHM = 9.77%
3) MPWG = 9.35%
4) EZEN = 8.48%
5) CMNN = 8.06%
6) HISC = 6.26%
7) BLLI = 5.61%
8) DFNS = 4.53%
9) NEOM = 3.64%
10) GLIF = 3.18%
11) PHPG = 3.02%
12) BIPH = 2.90%
13) INSQ = 2.24%
14) MKRS = 1.89%
15) BSIC = 1.26%
16) GSHF = 1.15%
17) ADVR = 1.15%
18) SLXI = 0.48%
19) $Cash$: 10.99%
The Current NAV of the Fund is $37,458.57
Present cash position of the Fund: $ 1,544.86
As of the end of October 31st 2005, the total percentage of the NAV invested: 95.88%
Final Thoughts:
The CFDTD Fund’s performance during the month of October 2005 was
quite forgettable. Last month, the Fund again outperformed the S&P 500
by a solid margin…However, last month's out-performance was not something
to brag about...The Fund ended up losing more money than its benchmark! However, on a year-to-date basis, the Fund is still outperforming the S&P 500 by a
pretty health margin: +31% for the Fund versus a Negative 0.40% for the S&P!
However, I am quite disappointed by my performance because my year-end target
of triple digit gain is now looking quite elusive…
Being the eternal optimist, I am still hopeful…
Cheers!
contax
P.S. My End of the Month report for October 2005 is more late than usual. The reason was two fold: aMy results were so bad that I kept procrastinating and bMy family and I just made a long distance move to beautiful and sunny, Southern California from a place equally as forgetable as my Fund's performance for October...
Buy BLLI: Filled!
2,000 shares @ $1.78 = $3560.00 + $8.99 (commission) = $3568.99
Fund's current holding in BLLI: 1,500 shares from before + 2,000 = 3,500 shares
Fund's current Cash Position after this Buy: $3722.08 (from before) - $3568.99 = $153.09
Cheers!
contax
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