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It's an old gag.
that was pretty quick
where do you see the DJIA 6 months from now,.....if ya had to make a guess,.......I'm torn between churn where it is and 11,000ish.
Scuse me while I kiss this guy?
we could go on and on for sure,.....I wonder what a hendrix song looked like the first time he wrote it? lol
ps. I also noticed that at some point when I wasn't lookin kenesthetic turned into kinesthetic.
Is there a Spelling board?
cognitive, lol
"when such time comes as I have a serious ammount of money. And being a kinesthetic learner leaves me little choice. So I expect the cognative learner to think im nuts."
I don't know what any of that means, but the spelling is BRUTAL!
I'm just jealous really. A buddy is into the futures and options markets and regularly offers to teach me. I'm just too lazy. You can't teach an old dog.......
If you knew the paltry ammount of money I was playing with, I dont think it would seem that crazy.
july puts on ford motor corp at $11 are in the neighborhood of $.03 a share,....ten contracts for 1,000 shares is about 40 bucks after commission,....and i dont think thats a bad gamble.
It's something I would like to know a bit about when such time comes as I have a serious ammount of money. And being a kinesthetic learner leaves me little choice. So I expect the cognative learner to think im nuts.
anyway,...Im pretty sure your here in my delusion with me, so you may not even be real, and thats worse than nutz!
karma
I do wish you luck.
But I think you're nuts :o)
FWIW, my options account approval ( or rejection,,,grrr) should go through by next friday. I'll then be able to bet for and against real companies. I think this will be good for me because while I'm not great at investing,...spotting a loser is something thats been beat into head:).
wish me luck
karma
I see,...wonder how many of the china growth stocks that were so popular in 2009 were actually scams. most did not seem to issue alot of shares after the rev merg though,.....that seems odd to me.
thnx again buddy
karma
Finally! Something I can help with:
http://www.sec.gov/news/press/2011/2011-123.htm
The SEC was slow to catch on, as usual, but they did.
Loan, I know you prolly haven't noticed as you avoid the pennies,....but have you noticed at all that many many many of these small cap growths from china all stopped reporting at the same time. Was there mas fraud uncovered that I missed? Could it have to do with their currency being re-valued? They've taken such a hit the last year, I was shopping around and they all quit reporting.
any thoughts?
the deed has been de-deeded!
I'm not sure if either topic resulted in a compliment or not,....but thnx.
I don't even remember writing the capitalism communism thing,......
And I'm a printer for a nonprofit that serves the catholic church,.......I mostly just think of how nice a good nights sleep would be!
i'll speak with that jerk moderator and see if I can get the alt moniker post deleted!
I very much appreciate your taking the time today!
karma
In this case as far as a R/S goes,....I think ARSC pretty much is buying IVOI for ARSC'S shareholders,....I think ARSC will R/S the crap out of IVOI and then change the name and divvy the stock.
I think the total O/S of IVOI/HYDRA will be 153,500,000 shares.
but i may be wrong about that,....and it's not important really anyway i guess.
Anyway,...best wishes for a great summer and god bless!
karma
"if stocks had good fundies, they wouldn't be pennies!"
Truer words were never spoken.
yeah, i use this board as a means of getting a hold of you exclusively.
looking back, if stocks had good fundies, they wouldn't be pennies!
You're right in that I don't care, but the truth is I just don't understand the whole reverse split, messing with the share structure stuff. It just doesn't happen in my circle of stocks and I'm at a distinct disadvantage every time the subject comes up in the penny boards. I know the effect is to reduce the number of shares and increase the share price proportionately, but I don't know what the advantage of doing that is to the "perpetrators". Can you give me a short explanation?
BTW, I just looked at the board and realized that it's just pretty much us :o)
The last prior contributor, b_avocet, is a name I remember well from the Y boards as, I believe, the first guy to find a Spongetech SpongeBob at a Walmart. I'm not sure he wants to be remembered for that :o)
Hi b_av, if you're reading.
Later, K.
I appreciate your input Loan,....and don't worry bout me,....I have had these shares since before the SPNG debacle,...couldn't even sell em till recently. My primary investment strategy at this point is to buy a house and some land while things are historically fubared in that market, ya know.
I am anxious to see this play out though as i come to a different conclusion when I read the proxy. On one point only that is,...I beleive arsc will take control of IVOI and massively R/S the SS. That's here nor there at this point though and I know you don't care.
I will re-enter the market at some point during the next great downturn, when I can afford name brand stocks.
again, thnx for humoring me, I know these scammy ones irritate you!
karma
I'll try.
One of the things that has to be kept in mind is the distinction between ownership shares and and their value as voting shares...they make the numbers a mess. Try and follow my highlights.
1.Bold phrases are talking ownership:
"All of the common stock of Hydra will be exchanged for 1 million shares of iVoice Series A Preferred Stock with each such share having super-voting rights equal to 10,000 votes for every one vote granted to iVoice Class A Common Stock and each such share being convertible, at the holder's option, into 153.5 shares of Class A Common Stock."
You ask:
"2) Aggregate number of securities to which transaction applies:
153,500,000 (is this the total number shares that hydra will have, or just the stakeholders from the ARSC side?)
153,500,000 is the number of Class A common Ivoice shares that the Hydra (ARSC) holders will OWN IF they convert their IVoice Series A preferred into Ivoice Class A common. It represents OWNERSHIP of 2.4% of the iVoice Class A Common Stock shares outstanding (6,265,563,493).
Read the entire sentence and the answer should jump out at you. They use "would " because it is only true if all the Class A preferred is converted into common. I HAVE NOT evaluated why one would or would not perform a conversion, nor have I done anything to try and ascertain the value of an unconverted preferred share, if any.:
Based upon the present number of iVoice Class A Common Stock shares outstanding on the date hereof, 6,265,563,493 shares, the Hydra shareholders would (as opposed to "will hold?") hold 2.4% of the total outstanding Class A Common Stock shares should all of the iVoice Series A Preferred Stock be converted into Class A Common Stock shares.
2. Bold phrases refer to voting
"At the time of the merger, ARSC will have majority voting control of IVOI."
"All of the common stock of Hydra will be exchanged for 1 million shares of iVoice Series A Preferred Stock with each such share having super-voting rights equal to 10,000 votes for every one vote granted to iVoice Class A Common Stock and each such share being convertible, at the holder's option, into 153.5 shares of Class A Common Stock."
If the IVoice preferred were NOT converted by the Hydra recipients, they would be equal to 10billion shares of common, for voting purposes, in any election based on the common. So a vote of all the common shares would be a potential total vote of 16,265,563,493. The Hydra holders, assuming that they DID NOT convert their IVoice preferred into IVoice common, would be able to vote 10,000,000,000 shares of that, or 61.4%....hence they hold voting control.
So, if the preferred is converted into common the Hydra holders end up owning 2.4% of the common A shares. If it isn't, the preferred provides 61.4% of the voting power of the common A shares.
That's the way I understand it anyway. It doesn't make sense to me. I hope it makes sense to you. With all due respect, there is only one reason that companies that, for all intents and purposes have nothing to offer in the way of a legitimate business, make deals that are too difficult for us to understand. It's to make people think that there is something of value in a transaction that does not actually have any value. When products and services are replaced by convoluted share transactions as company priorities you're already in the crapper. Analysis of such transactions is a wasted effort. Investing in such things is foolhardy. The first minute that a company that you own shares in does something that you do not understand should be the last minute that you own the shares. In good conscience I can't help saying this stuff, even though you obviously know it already. Right?
Sorry.......
I'm always available to try and understand the finances of a real business.
As always, Good Luck!
i really just need you to evaluate a few lines in the proxy statement of ivoi and in a few lines of arsc's latest comments.
red flags abound i know.
I been in for a long long time
I just need to hear your take on a few sentences.
You're not gonna be happy with me.
You know my process....check the filings and financials first.
ARSC:
New CFO and new auditor since the beginning of the month. Sometimes, but not often, those are good things.
Failed to file latest 10K when it was due, remains unfiled 2 months later.
I do not have the heart to go any further. There is nothing I can say in light of these things that you will find encouraging.
I'll look at IVOI when I get back.
Just a reminder, though I know that you don't need one, my process is rarely suitable for evaluating penny stocks.
yeah been in a while,.....but I really just want a non biased opinion of the proxy statement and other goings on,.....there is some interesting wording.
there are two camps of beleifs on this one, as to which stock would be better to own,,,IVOI or ARSC. I think IVOI is gonna get wiped in a R/S based on my interpretation of certain statements.
loan,...i hope u r well.
I have a request if I may.
there is an ongoing saga over at the ARSC board. I am not as savvy as some, as you know,...but if there is any way you could take the time to shed some light on things over there,,,,,i would really appreciate.
It is a .0001 stock with 19 bil O/S,....so I don't dont need to hear about what a stupid investment it is,...been in a long time. There are just some things going on that are hard to get my head around, and your like the smartest dummy ever.
If not, could you possibly PM sumone who could shed some light and send em over,.....there will be considerable catching up to do.
karma
It does seem like it would all flow a bit better like that,.....and that was my understanding as well. I appreciate your insight.
I see.
I think what would happen is the price of your contract would appreciate commensurate with the price of the shares and you would then sell your contracts, never having to handle the shares themselves.
You're on your own with this one, bro.
:o)
I know, right.
I just wondered if I needed the 7 grand to buy the shares so I could sell them a minute later for 8 grand,.....or if I merely dealt with the contract cost and profit (or loss of contract investment) and the actual buying of the shares and subsequent selling of the shares was done without the need for my 7 grand.
But thanks anyway,.....
I wish I could help, but it's something I never bothered to learn.
Keeping that in mind and in case logic and common sense apply in that marketplace:
You're paying $50 for the opportunity to buy 1000 shares for $7 (Obviously its cheapness reflects the likelihood of the price getting that far in the time allowed). If it never gets above $7 your investment goes to zero on 4/11. As I understand it, even if the price goes over $7 you wouldn't be OBLIGATED to exercise the option and buy the shares. So it wouldn't make sense to me that you would need to maintain funds in the account JUST IN CASE.
I have a buddy that manages an options account for a very wealthy guy. Every time he tries to teach me this stuff my eyes roll up into the back of my head.
Sorry......and GL.
Hey buddy,....another inquiry if I may. I could go elsewhere but you seem willing enough to enlighten when you can.
I've been looking into sum light option trading,.....calls for now only. I've found one I like and would like to get into it.
Q1 lets say I buy 10/100 share contracts of C for .05 a share with a strike price of $7 per share strikeing on apr 11. current price being $4.91. then lets say it goes to $8 a share tomorrow,....i choose to exercise and make $1000 - contract cost - fees. My question is "Will I need enough funds in the account to cover the cost of 1000 C at $7 per share ($7000) or will I merely need funds to cover the cost of the contract at $.05 X 1000, or $50.
Maybe you can help, ok if not
Thanks throw
Karmasaur
Good to hear from you as well,....I am actually mostly in UVE, MFI, and DENN right now,....but this one jumped out at me.
I hadn't noticed they were late on the last 10Q,....thanks,.....thats why I like to keep you around:)
In other news,....I'm feelin lucky, still very cool,....and very happy you are above the grassline.
peace
Hey, hope you are well.
You know my approach to investing. Negative Nancy from the gitgo.
ADNY shows a steady but light volume of trading. I don't see where it has ever traded over $10,000 a day, which is well below my personal interest, but at least isn't overly volatile. It's in a speculative business and has a significant working capital deficit according to its latest 10Q, which was filed late....and beyond the 5 day grace period. There's a going concern issue.
Here's the thing. I don't know enough, after 30 minutes, to express an opinion. Most of the above negatives can be found in a large percentage of the pennies. On the other hand, nothing jumped out at me as an extremely strong positive.
If I was 30, I'd pick 4-5 of these and make them 10-20% of my portfolio, discarding and replacing any that dropped more than 20% as time went on. They don't have enough history to call them "investments", but I'm constantly reminded that they're "speculative" and "high risk, high return".....
Don't let my Black Cloud deter you.
Good Luck.
heard of ADNY lone,.?.....looks like it might have potential
K,
Long time no see. Hope you are well.
My two ideas are almost 6 months old and they were awful (so far).
This came across the wire today and also promises to be awful, but interesting. From Crain's NY:
In the Markets
Say hello to the most overpriced stock ever
By
Aaron Elstein
on September 21, 2010 2:07 PM | Share | Comments (0) | TrackBacks (0)
The most overpriced stock ever just might belong to a tiny start-up company whose headquarters are listed at 100 Wall St.
The company, called Prime Sun Power Inc., says it's pursuing a business model producing solar-generated electrical power and other alternative renewable energies. Its stock fetches 70 cents a share on the OTC Bulletin Board, a quotation service for companies that don't qualify to list on an exchange.
Now, 70 cents may not sound like much, but it gives the company a market value of $28 million, which is absolutely sky-high considering the company has only $688 in assets. That's right, six hundred and eighty-eight dollars in assets, all in cash. In other words, the company's stock trades at 40,698 times its assets.
Even for the wild and wooly world of Bulletin Board stocks, this is pretty wacky stuff.
According to its most recent quarterly report, Prime Sun Power has some solar power projects underway in Europe, though nothing is close to being completed. No surprise, its big problem is its lack of resources.
The company says it needs to raise $2 million in additional funding in order to "conduct proposed operations" for the next year. It also says it would need another $19 million just to obtain the required licenses to begin construction on all of its contemplated projects. It would then need to arrange bridge loans to pay for the construction.
At least the company's costs are low. Its sole employee is its acting chief executive, a gentleman named Olivier de Vergnies, who, according to the company's annual report, is a former vice president at Dexia Private Bank in Switzerland, where he specialized in serving "Middle Eastern high net worth individuals." He's also former CEO of a New York-based company called 4C Controls, a penny stock that soared to $10 in 2008 before collapsing. He didn't return a call seeking comment.
Meanwhile, a California-based solar panel manufacturer called Sunpower Corp. has demanded that Prime Sun Power stop using the words "Sun Power" in its name and threatened legal action. Prime Sun Power says it has determined it will be "economically more rational" to change its name rather than engage in litigation and plans to adopt a new name by the end of the month.
It will certainly bear watching what name Prime Sun Power emerges with.
TDGI moving up on news and speculation on the box office numbers that their latest property - the movie Twelve - may bring in. It opens August 12th. They also just announced that 20th Century Fox will distribute the film once it goes to DVD and VOD. A big nod of recognition from an industry giant to a small upstart formed less than a year ago.
start your DD here:
https://docs.google.com/Doc?docid=0AX6y5qD4PXUsZGN6czQzYzRfMWZnczJjMmYy&hl=en&pli=1
IHUB Board for TDGI here:
http://investorshub.advfn.com/boards/board.aspx?board_id=5223
disclosure: I have a modest long position in TDGI
Sorry Karmasaur, was away.
CA:EDV on Bigcharts anyway. Or try EDV.TSX Canadian
B, what is the ticker?
Endeavour Financial: A Massively Undervalued Gold Investor
* Jason Hamlin, GoldStockBull.com
Published 5/26/2010
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It is not too often that you come across a company with quarterly income that is just shy of their entire market cap. Endeavour Financial (TSE: EDV) (EDVMF.PK) is just such a company and boasts a P/E ratio of just 1.1 based on their latest quarterly earnings.
Not to be confused with Endeavour Silver, Endeavour Financial is a merchant bank focused on the natural resource sector. Somewhat similar to Silver WheFurthermore, their stake in Crew Gold alone is worth CAD$244 million, or about 102% of their entire market cap.aton (SLW), Endeavour funds producing junior gold miners in exchange for ownership in the company. Since 2002, Endeavour has advised on M&A transactions valued at over $28 billion, and has helped arrange $3.5 billion of equity finance and $2.2 billion of debt finance. It has worked with Wheaton River Minerals, Bema Gold and is currently working on funding for one of my favorite lithium plays – Canada Lithium.
The more interesting part of their business is the dedication of around $150 million to a gold-focused investment strategy that seeks maximum returns by identifying, investing in, and consolidating junior gold mining companies. Endeavour carried out its first strategic investment in the gold space by buying 55 percent of the equity of Etruscan Resources (ETRUF.PK) for $71.1 million. The second company to come into the Endeavour stable was Crew Gold, in which Endeavour acquired a 43 percent holding this year. Even with the recent correction in gold, Crew’s stock is still up over 100% year-to-date and the company recently turned a a quarterly profit of $10 million, after losing $12 million during the same quarter last year.
Now to the truly impressive part of the Endeavour Financial story. The company posted Q1 earnings of CAD$215 million, yet has a market cap of just CAD$240 million! Furthermore, their stake in Crew Gold alone is worth CAD$244 million, or about 102% of their entire market cap. Their 55% stake in Etruscan is valued at CAD$78 million and “other merchant banking clients” are valued at over $100 million. The bottom line is that Endeavour Financial is trading at a significant discount to its book value or the sum of its identifiable assets. These types of conditions don’t persist for too long and I believe the market will remedy this situation soon.
One factor that may be weighing down Endeavour’s share price is its ongoing dispute with Russian steelmaker Severstal, which is the second largest shareholder in Crew Gold. While the distraction certainly adds no value to the equation, I also don’t see how it justifies such a massive discount to Endeavour’s share price.
It should also be mentioned that Endeavour’s impressive earnings were a factor primarily of the appreciation in share price of the miners they own. Future earnings will be reliant on continued appreciation in the stock prices for both Crew and Etruscan. I essentially view Endeavour as a less expensive way to get exposure to these two miners, both of which are growing production, lowering costs and improving cash flow.
If you believe the gold price is heading higher and believe in the value Endeavour has gained with its low-cost stake in these West-African gold producers, picking up shares at current prices seems like a no brainer. I also have faith in the ability of CEO Woodyer and company to continue finding valuable partnership opportunities in the junior gold mining sector, which is often where the greatest gains are realized.
Disclosure: I own shares of Endeavour Financial and have recommended the company to premium members.
whatever,.....ya don't have to be so,.....epic
Karmasaur -
Thanks, but I have NOTHING to offer.
I care less about people's feelings, political correctness, and I will tell you what I think!
No Holds Barred!!!
I'm glad ya posted here,......it'll be nice to have a ,...*spng veteren* *ahem* around,....lol.
Sorry Mr. Karmasaur!
I have no other picks at this time!
Monk's float locks were a nice set of "P&D" in my opinion! He can try and prove my wrong!!! OVERcharging for his seminars! That's where he makes his money
WNBD wreaks of Sponge smells!
Penny stocks seem to have my attention these days, however, I notice the same "players" seem to linger around them all!
Yep! Looking for a "Quick Kill"--guess the recession has it's grip around everyone's necks these days!!!
AKRK, CCTR and CNOA all in my short term holdings as of tuesday.
I'll check it out bug,.....looks pretty strong eh.
Just consider adding Dune Energy to your portfolio. It is around .32 to .35 cents today.
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