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The Mar.19 filing 8K. This is not the normal 8K I/WE see, it looks more like minutes of a meeting. What kind of a filing is this?
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Departure of Directors or Principal Officers Election of Directors; Appointment of Principal; Officers 3
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Our disclosure and analysis in this Current Report on Form 8-K contains some forward-looking statements. Certain of the matters discussed concerning our operations, cash flows, financial position, economic performance and financial condition, including, in particular, future sales, product demand, the market for our products in the People’s Republic of China and elsewhere, competition, exchange rate fluctuations and the effect of economic conditions include forward-looking statements.
Statements that are predictive in nature, that depend upon or refer to future events or conditions or that include words such as "expects," "anticipates," "intends," "plans," "believes," "estimates" and similar expressions are forward-looking statements. Although we believe that these statements are based upon reasonable assumptions, including projections of orders, sales, operating margins, earnings, cash flow, research and development costs, working capital, capital expenditures and other projections, they are subject to several risks and uncertainties.
Investors are cautioned that our forward-looking statements are not guarantees of future performance and the actual results or developments may differ materially from the expectations expressed in the forward-looking statements.
As for the forward-looking statements that relate to future financial results and other projections, actual results will be different due to the inherent uncertainty of estimates, forecasts and projections may be better or worse than projected. Given these uncertainties, you should not place any reliance on these forward-looking statements. These forward-looking statements also represent our estimates and assumptions only as of the date that they were made. We expressly disclaim a duty to provide updates to these forward-looking statements, and the estimates and assumptions associated with them, after the date of this filing to reflect events or changes in circumstances or changes in expectations or the occurrence of anticipated events. You are advised, however, to consult any additional disclosures we make in our reports on Form 10-KSB, Form 10-QSB, Form 8-K, or their successors.
Some DD, Just trying to find that Nugget. And the chocolate Bunny
From the PINK SHEETS
Entech Environmental Technologies, Inc.
3233 Grand Avenue
Suite N-353
Chino Hills, CA 91709-1489
Phone: (909) 623-2502
Primary SIC — Industry Classification
7389 - Business services, misc
State Of Incorporation
FL
Jurisdiction Of Incorporation
USA
Company Officers
Steven D. Rosenthal, CEO
Barbara Tainter, CFO
Robert K. Christie, COO
CIK
0001066923
Estimated Market Cap
1,074,937 as of Mar 20, 2008
Outstanding Shares
76,781,218 as of Feb 13, 2008
Number of Share Holders of Record
85 as of Jan 14, 2008
What ya see LGL?
SEC Filings Form Type Received Period Ending Size Report
8-K **********Mar 19, 2008 Mar 18, 2008 34.6 KB PDF RTF HTML XLS
PRE 14C**** Mar 12, 2008 Mar 12, 2008 150.5 KB PDF RTF HTML XLS
8-K **********Mar 6, 2008 Mar 5, 2008 112.8 KB PDF RTF HTML
SC 14F1**** Mar 5, 2008 101.9 KB PDF RTF HTML XLS
8-K **********Mar 3, 2008 Feb 26, 2008 7.5 MB PDF RTF HTML XLS
3 *************Mar 3, 2008 Feb 22, 2008 3.6 KB PDF RTF HTML XLS
8-K *********** Feb 28, 2008 Feb 22, 2008 2.3 MB PDF RTF HTML XLS
10QSB/A***** Feb 20, 2008 Dec 31, 2007 355.7 KB PDF RTF HTML XLS
10QSB/A***** Feb 20, 2008 Dec 31, 2007 355.2 KB PDF RTF HTML XLS
10QSB ******* Feb 14, 2008 Dec 31, 2007 354 KB PDF RTF HTML XLS
Recent sale was at .015. Seller did not drop down to .014 bid, but our position is now officially at .015. Can anyone offer a more optimistic view of the situation than mine?
Bid just dropped to .013. Next bids below are obvious expected walk-down in price to .010. This on the basis of, I think, not a single sale yesterday. Apparently it's in the company's interest to manipulate POS as low as possible before the R/S. I predict we will see .010 this week a 100 % drop in value (20 to 10)- in a week.
We appear to be dead in the water. Apparently the manipulators behind the scenes don't need any trading to take place. No way for the price to rise without trading, so it looks like it stays at .018. So much for the "day traders will take it up to .20 to .30"
line we used to hear.
thanks i2w...
Have you heard anything from the pumping scum crew? They preached how this was the next cctc, how this would make us millions by throwing in a few g notes... they need to be hunted down and exposed....
We went up! Two points. Not much of a gain but anything is good. Nice to see green in our column.
building support at 15 then a new rally :p
Congratulations(sarcastic). We're establishing a new position at .015, having dropped from .040 to .025 to .020 to.015 - with a brief bump back to .020 -- now getting comfortable next to .015.
yeah they rock (sarcastic)
btw, what will bring it up is news or another filing.
(patiently waiting)
right now bid is .015 ask is .020. Next bid down .0125. next ask above .020 is .025. My cynical math sees it likely the ask will fold before lunch we'll see more shares sold at .015. That won't bring the price down but it will cloud the prospects for a bump up (IMHO). Negligible activity today. Last serious trading was day the stock dumped -which is guess is when Gnote and rainmaker abandoned ship. I'm conflicted about this stock. If it drops to the next bid point (which is likely), I don't know what would bring it back up -- let alone recoup the huge loss we incurred last week. By the way Gnote and Rainmaker, if you're listening, thanks a lot! You're a real stand-up pair.
After the anticipated dip in price of post R/S shares, a good entry point might exist, from which to anticipate future growth
exactly
Oh right... I thought GNOTE was the mod for a while there...
Prior Mod was Rainmaker
hey, is the bid at 11 and the ask at 45?
here is the prior Mod... he has now bailed after stating I was trying to get cheap shares with his pumping.
GM all
They are able to dilute but they stated they wont dilute unnecessary shares for 2 reasons:
1-they have money
2-they dont want to lose the ownership of the company to outsiders
Guess the moderator bailed in the same lifeboat with the pumpers. Who was it? i don't recall.
This stock may have real potential value for those who wait to buy after the R/S -- which I think sound analysis shows will lower the value of each shareholder's position -- and then wait out the predictable fall-back in price which has been posited by the post-booster members of this board who are talking probability, rather than fantasy.
After the anticipated dip in price of post R/S shares, a good entry point might exist, from which to anticipate future growth, based on benefits from which the present stockholders are excluded. The notion that daytraders are going to be drawn to a falling stock headed into a deleterous R/S is ludicrous. People will wait for any temporary upward bump and sell to cut their losses. There will be no reason to buy a stock that is headed down. The continued silence on this board is telling in itself. i think the pumpers did their work, then moved on.
Look back at the pumpers whose posts dominated this board the first week of March. They're gone. I think their absence or at least silence tells us much. They were consistently explaining why this stock was going from .04 (which now looks high) to .20 or .30 (which now looks laughable) before a merger (which we now known stands to lessen our share values) and will deny us value from recent earnings. I can't see anything about this stock to attract day trade to raise POS before a merger that stands to decrease the value of the post R/S shares. Day-traders looks for stocks that are rising fast; not stagnating stocks dropping in value. I think the pumpers had their day and way with this stock; they've gone. Ultimately, I don't doubt the Chinese company will profit on this: on the backs of those who fell victim to the pumpers and bought in at the pre-manipulation stage, providing capital to empower the big guys to make their moves.
BB, the 'grace' that I take with this is the "CHINESE COMPANY POTENTIAL" ... I have been in a few Chinese stocks that have taken a tear and made a mass amount of money/profits.
Do I think it will happen here, I certainly hope so, and with the current float, and the PPS, this could definately take off to a outlandish PPS... I am banking on it...
Appreciate your response, three-flight. Could you explain to a less-than brilliant buyer how the filings show what's going to push this up by a multiple of ten between now and May 28? You have done dd that I have not and are gracious enough to share it with us. But my logic says the reason the price would go up before the split would be because of presumed benefits to be had after the split -- but since there's the now apparent risk of dilution, that incentive seems to be lost. What am I missing?
GLTU
No don't get me wrong I think this is a 20 cent stock before the split occurs. I mean if you just look at the filings it cant help but be a 20 cent stock imo. Its all there in black and white as far as the numbers.
What I am hedging on is the fact that they wont dilute AFTER the RS, in which case the float wont stay as low and it cant ever get up to the lofty heights that CCTC did.
But still a heckuva play here at these prices.
Best of luck yo everyone in this!
Hmmm, do you care to clarify the statement that the stock will not get any cheaper? Evidently it has, and I as well as many others on this board were believing in your conviction to your statement.
Are you still holding onto this? and do you think this is still a CCTC?
I can't understand why you and the others who were so optimistic about this not even 5 days ago have now abandoned this and left it is the dust... I thought you were certain this was a CCTC?
I believed you in this statement, but you stated 'risky?', as if there were none....
I placed close to $9000 in this with anticipation of your remark coming true. Do you still think this will be a runner like CCTC?
Or is there more RISK to this now?
I called out a few of them byback, I would recommend you do the same.... they were extemely optimistic not even 5 days ago, and when I posted a 'risky' statement, they clammered down my throat with vengence...
I will continue to hold, but I would like the prior posters who were portraying the picture of CCTC, and the like, to come and post thier current thoughts on the situation...
Who knows, they could be holding for another run, or they could be a group that moves from stock to stock pumping like idiots and trying to bring in unsuspecting newbies... I certainly hope the latter isn't the case.
Can't imagine what will attract people to buy a stock that's declined tremendously in value, which is approaching an R/S with the potential for dilution which might diminish its value considerably more. What really bothers me is the disappearance from this board (or maybe they're just staying silent) of the voices making a convincing case for this stocks' future, only a week ago. Nothing said today makes me see anything but a downside from the R/S. Which would mean there's no reason to buy this stock now, when it will be available or less, because its value will diminish, after the R/S. I'd be glad to be convinced otherwise.
I think it will move towards the RS, actually quite a bit, but am worried that they will be able to dilute after the RS. That was something I did not know going into this.
DO you still think this could be another SPEA?
Do you still think this could be another CCTC?
What about this calculation? Is this just pumping BS?
So there is no built-in upside to current stock-holders in the R/S. We merely get a far lower number of shares representing the current market value of our stock. And since there is no gain inherent in the R/S, there is no incentive for day-traders to raise the stock price before the R/S. And since the post R/S split price won't reflect the recent recalculated profit, the current stock-holders will take the bag. That would account for the big recent share-dumping and the drop in price. I had bought thinking this was a golden opportunity to see a big profit in a relatively short time but it looks like just the opposite. That would explain the apparent departure of the formerly eloquent posters on this board I would guess they sold and left. I've already taken a big loss on this, and now it looks as if the smart move is to sell on the first rise, however slight, and minimize the loss. I don't see any upside for current stock-holders: only the company. Many thanks for your efforts and clear explication! I guess there are only of us left. I can't imagine any newcomers buying into this before the R/S.
hum with 0.16 usd per share after the R/S
the price of 0.015*328=4.92 usd may not held up much.
we may see a dip before going back up.
One more thing
we calculated the estimated 2007 profits to be around 0.042 usd per share before the R/S
now that we have more info about the R/S, the 2007 profits per share will become 0.16 usd!
O/S after R/S:
shares Pref A = 22 006 173 shares of common stock
shares Pref B = 2 833 333 shares of common stock
+ o/S 87 281 218 / 328 = the 265 511 common shares
the O/S will total 25 105 017 shares after the R/S
with approximately 4 million usd in profits for 2007, thats: 0.16 usd per share.
pre R/S, we had 0.042 usd per share
post R/S we have 0.16 usd per share, but we had to give out 328 shares for 1 new share, so we had to give out 328x0.042 = 14usd per 328 shares for 0.16 usd per share. we lost a potential profit of 13.84 usd for 1 new share.
and thats the bad effect of the R/S! its is much more wise to buy the shares after the R/S. but we have time it wont happen this month ;)
The tight float after the R/S will take it up.
I will be buying more shares after the R/S
A Reverse Split 1 for 328 means that for every 328 shares of EEVT, you will receive 1 share of SkyPeople Fruit Juice Inc.
These shares will have a different ticker. lets assume it is SPFJ if it is not taken by another company.
Lets say you have a 10 000 shares of EEVT currently
after the R/S you will receive 10 000/328 = 31 shares of SPFJ
thats why the R/S is considered a reduction of shares. Instead of owning 10 000, you own 31 shares.
Now the value of each new share will be equal to 328 shares of EEVT, so if 1 share of EEVT is equal to 0.02 usd, then your 1 share of SPFJ will be equal 0.02x328 = 6.56 usd!
In general, after a R/S is done, the company is able to dilute more shares in the market, thus diluting the new value of the shares. If the new share is equal to 6.56 usd and the company dilutes, then your share will be worth less and the pps will decrease.
But this company is saying that the reducing in shares is for 2 purposes: to convert the preferred shares A and B of the recent investors into common stocks and for anti-takeover purposes.
It is worth mentioning that the shares will be added to the O/S but wont impact the float this year because of the agreement between the management and the investors. Only Barrons could impact the float which i think is a 7 million shares impact. But I strongly suspect that even barrons will be waiting for better times to sell their shares. Why?
For this specific reason: the investors (Barrons) agreed with the management that the company should reach certain goals in terms of financial results from 2007 until 2009 and I guess it is more than the current numbers! right? :) If the management dont reach the financial goals set up, the investors will pocket more prefered shares to cover their losses. So the management has a strong incentive to reach the results.
One more thing, the owner of the chinese company dont want to sell his company. thats why he intends to keep a lot of shares out of the float. thats also why we sont see the usual dilution we see in other stocks. They dont need the money. the company is doing fine cash wise.
What would the purpose for an RS be, if it wasn't for the merger? The float is already so low, and the PPS is relatively high. Most RS's take place when there are billions of shares, and the PPS is at .0001.
Hold you hat, exciting times are coming.
Where have you gone Gnote? Are you still with us? I miss your posts.
re: our shares are reduced. How, specifically? (thank you for the digging). I presume that 1 for 328 means a 328 X multiple of something, that we get when the R/S is completed. I had thought that would have a direct relationship to the POS before the R/S. Earlier, someone mentioned the likelihood that they would work the details out to put the price per share at $5 or more. But I don't expect he meant that we will get $5 for each of our present shares -- even hypothesizing that they run up in value to .05 or .10 before May 28. Of course, a week ago, this board was talking in terms of .30 or .40. Can you explain how the ratio will work out? Again, kudos and grats for your diligence.
I am still holding the dream that this will make us all fiscally comfortable -- but maybe that's getting unrealistic. I'm planning to hold on through May 28 regardless. All my other holdings have crashed -- and I'm sticking with this one. I'm only in the red below .020.
LOL :)
btw, this is the most important part of the filing:
1- our shares are reduced and thus the earnings per share are reduced too.
2- the R/S is done for anti-takeover purposes
3- they wont dilute shares other than adding the UNISSUED prefered stocks A and B to the common shares so the float will be very tight later on
Effects of the Reverse Split
Voting Rights. Holders of Common Stock will continue to have one vote for each share of Common Stock owned after the Reverse Split. Consequently, the voting and other rights of the holders of the Common Stock will not be affected by the Reverse Split, other than as a result of the issuance of additional shares of Common Stock resulting from the conversion of shares of Series A Preferred Stock into Common Stock simultaneously with the occurrence of the Reverse Split.
Number of Shareholders; Par Value and Authorized Shares. Other than the holders of Series A Preferred Stock and Series B Preferred Stock who will be become holders of Common Stock upon the conversion of their shares of Series A Preferred Stock or Series B Preferred Stock into shares of Common Stock at the time of the Reverse Split, the number of shareholders of record will not be affected by the Reverse Split. The par value and authorized number of shares of Common Stock under the Company’s Articles of Incorporation will remain the same following the effective time of the Reverse Split.
--------------------------------------------------------------------------------
Number of Shares Outstanding. Not including the number of shares issued to the holders of Series A Preferred Stock and Series B Preferred Stock upon the conversion of the Series A Preferred Stock and Series B Preferred Stock into Common Stock occurring simultaneously with the Reverse Split, the number of shares of Common Stock issued and outstanding will be reduced following the effective time of the Reverse Split. As a result of the Reverse Split, each 328.72898 shares of Common Stock owned before the effective time of the Reverse Split will be converted automatically into one share of Common Stock, without any action on the part of the shareholders, subject to adjustment for fractional shares.
All fractional share amounts resulting from the Reverse Split will be rounded up to the next whole new share.
Public Status; Reporting Requirements. There is currently no intention for the Company to go private, and the Reverse Split is not intended to be a first step in a going private transaction and will not have the effect of a going private transaction covered by Rule 13e-3 of the Exchange Act. Moreover, the Reverse Split will not increase the risk of the Company becoming a private company in the future. The Company will continue to be subject to the periodic reporting requirements of the Exchange Act following the Reverse Split.
Issuance of Additional Shares. The number of authorized shares of Common Stock will continue to be 100 million after the Reverse Split. However, the number of authorized but unissued shares of Common Stock effectively will be increased significantly by the Reverse Split because the 87,281,218 shares outstanding prior to the Reverse Split, approximately 87.28% of the 100 million authorized shares, will be reduced to approximately 265,511 shares, or 0.2655% of the 100 million authorized shares. The issuance in the future of such additional authorized shares, including an aggregate of approximately 22,006,173 shares of Common Stock that will be issued upon the conversion of the Series A Preferred Stock and an aggregate of approximately 2,833,333 shares of Common Stock that will be issued upon the conversion of the Series B Preferred Stock, may have the effect of diluting the earnings per share and book value per share, as well as the stock ownership and voting rights, of the currently outstanding shares of Common Stock. The effective increase in the number of authorized, but unissued shares of Common Stock may be construed as having an anti-takeover effect by permitting the issuance of shares to purchasers who might oppose a hostile takeover bid or oppose any efforts to amend or repeal certain provisions of the Company’s Articles of Incorporation or Bylaws. Such a use of these additional authorized shares could render more difficult, or discourage, an attempt to acquire control of the Company through a transaction opposed by the Board of Directors. At this time, other than for the conversion of the Series A Preferred Stock and the Series B Preferred Stock and the exercise of outstanding warrants, the Board of Directors does not have plans to issue any shares of Common Stock resulting from the effective increase in the number of our authorized, but unissued shares generated by the Reverse Split.
I wonder if they asked for a second opinion on the name before they changed it.
Just found out about a new filing PRE 14C:
http://tinyurl.com/2u2zz9
to make it short:
they are changing the name of the company to :
SkyPeople Fruit Juice, Inc
and they are going forward with the 1 for 328.72898 reverse stock split of the outstanding shares
I guess thats what frightened some shareholders.
I will read the rest of the filing during the week-end.
Somebody dumped 262,000 at .0125. That shows what the big holders think of the value of this stock.
So it's down the tubes - just like that. After watching this stock for two days straight, I leave the computer for 25 minutes and find I've lost half the value of my already depreciated investment. Wow!
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