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No nothing moves this pos!! We did get an upgrade tho but that won't do anything either.. lol
Are you thinking that this disclosure will somehow account for a meaningful change in valuation? Internal swaps tend to fall under the classification of window dressing.
Profire Energy Purchased 2.4 Million Shares of PFIE for a Total of $3,000,000 from CTO, Harold Albert
You are forgiven, my son.
Sorry I'm lazy!! That was code for news out. Beat estimates
I'm largely an energy trader. Today I posted a gain in excess of $16K. But I have no idea what your post means:
"Beat."
Whuzzat?
Far out man. Comey Rally!!!!
You sound like a Moody Blues song.
deep breaths my friend.. deep breadths.
By Tuesday we'll all be dead.
Hey! Abusing is my job!
The company is making/creating the market. They created the run to the new 52wk high so the CTO could sell ~30K shares and they drove it down to $1.08 so the options can be exercised at a low enough price that keeps them listed, but still feathers their bed. These guys are dirty, but that should work in our favor...they won't allow themselves to lose money.
exercise price that is equal to
"the fair market value of the Company's Common Stock as of November 2, 2016"
I will gladly pay you Tuesday for a hamburger today.
Statement of Changes in Beneficial Ownership (4)
Source: Edgar (US Regulatory)
FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
1. Name and Address of Reporting Person *
Albert Harold 2. Issuer Name and Ticker or Trading Symbol
PROFIRE ENERGY INC [ PFIE ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
__ X __ Director __ X __ 10% Owner
__ X __ Officer (give title below) _____ Other (specify below)
Chief Technology Officer
(Last) (First) (Middle)
BAY 12, 55 ALBERTA AVENUE 3. Date of Earliest Transaction (MM/DD/YYYY)
11/2/2016
(Street)
SPRUCE GROVE, A0 T7X 3A6
(City) (State) (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 8. Price of Derivative Security
(Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to buy) $1.17 11/2/2016 A 75000 (1) 11/2/2019 Common Stock 75000 $0 75000 D
Explanation of Responses:
( 1) The options vest in two equal annual installments beginning on November 2, 2017.
Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Albert Harold
BAY 12
55 ALBERTA AVENUE
SPRUCE GROVE, A0 T7X 3A6 X X Chief Technology Officer
Signatures
/s/ Todd Fugal, attorney-in-fact for Harold Albert 11/4/2016
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
I get enough abuse from PFIE.. lol
Good. I am relieved, didn't wish to abuse you.
No worries I was being sarcastic..
I'm truly sorry for that. I wasn't referring to you in my missive. Rather, I was hoping to encourage others less experienced to steer clear as there's no meaningful opportunity here.
I am genuinely sorry that this stock pick treated you poorly. On the other hand I'm confident you'll take those smarts you've gained thru this or similar experiences and manage handily going forward.
Good luck to you!
Yes dumb but too late for all that
Volume is as anemic as ever---no chance of making money here whether thru trading/speculation or longer term investing.
When just a couple of thousand shares of a company's stock represents the opening half-hour foray into the trading day, there can be no doubt but that this is a stock pick strictly for super hump change and not to be respected as anything more.
Some will look at the current price of $1.10 and think it represents a sure thing, that it will soon climb back to $1.31 or so. And that's possibly the case, representing the potential for at least a 25% gain, right?
Wrong!!! It could take a long time to happen. Worse, a position of 5,000 shares costing $1.10 won't happen because it will tick higher on your demand. So you'd wind up paying $1.15 or greater, in all likelihood. And that means you'll need more time to gain the leverage you sought in the first place. Then, we factor in the possibility of nothing happening for a long time. Meanwhile, your money is tied up in a worthless piece of garbage.
Buying this is a dumb move in my opinion.
The CTO is a master at timing the market! Sold at the new 52 wk high. Amazing skills! I'm sure the company wasn't creating the market for his perfect trade
You know something? You could be right!
I hadn't thought of that.
It could stay the same.
Yes, your assessment is right on target---this stock is going up.....or down.
this going up or down
No, dollars. Depends on the situation. Sometimes I'll buy on pullbacks and add. A company like this, I didn't buy near that much, but again it was more a flyer based on the person who recommended it.
$100K shares---does that mean you buy in 100,000 tranches of shares or spend a minimum of $100,000 per trade?
I trade with relative abandon but you may enormously outpace me.
You're welcome.
And just to add a bit further, even though I believe this stock is headed higher, I wouldn't allow myself to buy enough shares where the profit would matter to me. I typically buy $100k shares at a time, and I would never consider that with this stock. In fact, the only reason I know about this stock is that someone who was on an incredible stock picking streak recommended it, so I did throw money at this. I'd have to look back to see if I gained or lost. I think I made money.
edit:...shows what I know. I actually just checked. Made 79% on my first trade. I now own half as much and am down 65%. Guess I care.
You and I are definitely drinking from the same trough. Posters formerly active on this board seemed to be relying upon "feelings" more than business fundamentals. I don't view that as an example of operating rationally. And it probably explains why they're now absent.
Thanks for joining in. I appreciate your input.
I only buy companies with earnings. This one isn't even projected to be profitable for two more years.....and that's optimistic.
I'm not a short swing trader, I buy quality stocks.
I've discussed upsides of many companies I wouldn't buy shares of, on Ihub.
If you're seeing a 38% upside, how could you NOT buy?
I'm not understanding.
I'm not buying, but see no resistance til $1.83
This sucks balls!!
Interesting to note that PFIE closed today at $1.33.
I've got plenty of dry powder available to do a swing trade or two but with an entirely anemic trading volume today of a mere 18,300 shares, there's not much meat on the bone.
Too bad, as I enjoy trading, even if only for minimal gains. But a single trade of a few thousand shares would likely rock the boat due to this being such a low volume trading play. I have no desire to manipulate the company's fortunes as a publicly traded entity. And an eleven cent rise, like buying at $1.20 and selling at $1.31? I'd make $330 less in & out commissions for scarcely more than $300.
That's a whole lot of risk for chump change plus it ties up several thousands of dollars at the same time.
I'd like to hear from some of the regulars who frequented this board a few months ago. Have your folks left? Or are you part of a quiet majority?
Damned phone! Should have read "range bound."
Checking the numbers I find PFIE has traded just 14,000 shares and here we are at the mid point of the trading session.
That's just not enough turf to build anything meaningful on.
Awfully quiet around here. PFIE clearly us ranfe-boubd. There's a little chump change to be made on a trade but severely limited due to low volume.
This was a week in which I got restless, waiting for something to pop. Nothing followed suit, however, so I poked around in search of creating opportunity to work a deal or two and make a few dollars.
PFIE presents an opportunity to accomplish it. And I was about to take the plunge for three thousand shares, figuring I'd have to pick them up at $1.19 or less to make it worth it. Even then, I'd be looking to cash out at $1.26 for a seven cent gain. With 3,000 shares in hand, we're talking about a $210 gain. Not much yet if we did it every two weeks or so, we're good for $5K annually even after deducting for SEC fees plus commissions, with some to spare. That's a good return inasmuch as we're talking about creating opportunity and no hand-outs in sight. There is a trap in this, however: Volume is anemic which means you could wind up having to hold the shares for a couple of weeks as opposed to the nicer easy in and out process.
As it happened I had the opportunity to profitably reduce my positions in HLX and MDR without having to commit fresh seed capital so you know what I did.
Still, PFIE has been showing enough pricing stability to justify at least a look-see for anybody wishing to break out of the doldrums and manufacture opportunity to make enough for a car payment or a couple of weeks' worth of food.
Statement of Changes in Beneficial Ownership (4)
Source: Edgar (US Regulatory)
FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
1. Name and Address of Reporting Person *
PIRNAT STEPHEN E 2. Issuer Name and Ticker or Trading Symbol
PROFIRE ENERGY INC [ PFIE ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
__ X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
321 SOUTH 1250 WEST, SUITE 1 3. Date of Earliest Transaction (MM/DD/YYYY)
9/18/2015
(Street)
LINDON, UT 84042
(City) (State) (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 9/18/2015 M 19953 A (1) 19953 D
Common Stock 10/30/2015 A 80000 (2) A $0 99953 D
Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 8. Price of Derivative Security
(Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (1) 9/18/2015 M 19953 (3) (3) Common Stock 19953 $0 0 D
Explanation of Responses:
( 1) Restricted stock units convert into common stock on a one-for-one basis.
( 2) The reporting person inadvertently failed to report the acquisition of these shares at the time of acquisition.
( 3) On September 18, 2014 the reporting person was granted 19,953 restricted stock units, 9,977 of which vested on September 18, 2014 and 9,976 of which vested on September 18, 2015.
Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
PIRNAT STEPHEN E
321 SOUTH 1250 WEST, SUITE 1
LINDON, UT 84042 X
Signatures
/s/ Todd Fugal attorney-in-fact for Stephen E. Pirnat 9/22/2016
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
PFIE is far too dependent upon action in other camps within the hydrocarbon sector and for this reason I can't bring myself to jump back in. In a way, this company's fortunes are tethered much as a mutual fund is to individual holdings although similarities end there.
With so much uncertainty surrounding energy as a whole (or a hole, lol), I can't recommend the pick. I'm not certain it will be a smart pick until sometime in 2017, I fear.
What's the deal today is there need out that I don't see? We never have premarket action
It's that time again ! Hope for good numbers.
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BOARD OF DIRECTORS
Brenton W. Hatch Brenton co-founded Profire Combustion, Inc. in 2002. Since that time he has served as the Chief Executive Officer and General Manager of the Company. He has been responsible for the day-to-day operations of Profire Combustion since its inception. Prior to founding Profire Combustion, between 2001 and 2002 he was a Management Consultant and General Manager of Titan Technologies, Inc., an oilfield service and distribution company in Edmonton, Alberta, Canada. In this position, he performed an in-depth analysis of the operations and management of all divisions of Titan Technologies. Based on his analysis, company-wide operational changes were implemented to improve company performance. From 1989 to 2000 he served as President and Chief Executive Officer of Keaton International, Inc., an educational services company based in Edmonton, Alberta, Canada. He managed all executive functions of the company and particularly focused on the development and management of the company's educational services. During his time at Keaton International, Brenton led corporate networking and marketing campaigns world-wide. He earned a Bachelor's Degree in Education from the University of Alberta in 1974. He is not, nor has he in the past five years been a nominee or director of any other SEC registrant or registered investment company. We considered Mr. Hatch's experience as a founder and as the principal executive officer of Profire Combustion, as well as his previous management and operational oversight experience in concluding that he should serve as a director of the Company. Harold Albert
Harold co-founded Profire Combustion, Inc. in 2002. He has served as the President and Chief Operating Officer of Profire Combustion since that time. Harold is responsible for research and development of new products and services. He oversees our Canadian operations. Prior to founding Profire Combustion, he worked in the oil services industry for Titan Technologies, Inc. from 1996 to 2002. During that time he served as an Associate Manager overseeing the company's burner division. From 1993 to 1996 he was employed with Natco Canada doing start up and commissioning of oil and gas facilities in both Canada and Russia. Harold is not, nor has he in the past five years been, a nominee or director of any other SEC registrant or registered investment company. We considered Mr. Albert's experience as a founder and principal operating officer, combined with his previous management and operational experience in concluding that he should serve on the Company's board of directors. Andrew Limpert
Andrew graduated from the University of Utah with a Bachelors of Science degree in Finance in 1994. He earned a Masters of Business Administration with an emphasis in Finance from Westminster College in 1998. He joined The Flooring Zone, Inc. in November 2007. From 1998 to 2008, Andrew was an investment advisor with Belsen Getty, LLC, providing wealth management direction and strategic and financial advice for several investment banks. For the past 15 years he has founded, consulted on and funded numerous businesses in the private and public arenas. In 2007 he became the chairman of the board of directors of Nine Mile Software Inc., a rebalancing and mutual fund trading software developer. Nine Mile Software became an SEC registrant during 2008. He resigned as Chairman of Nine Mile in April of 2011. During the past five years he has also served as a director of Ohr Pharmaceutical Inc., a New York based biotech incubator. Ohr Pharmaceutical is also an SEC registrant. In April 2010 he resigned as an officer and director of Ohr Pharmaceutical. Andrew is not, nor has he in the past five years been, a nominee or director of any registered investment company. We considered Mr. Limpert's extensive investment experience and his related finance and educational background in concluding that he should serve on the Company's board of directors. |
INVESTOR FACT SHEET (2011 ANNUAL)
OUR OPPORTUNITY |
| March 31, 2011. | March 31, 2010. | Change |
Revenues | $8,033,926 | $5,912,350 | 35.8% |
EBITDA | $2,423,580 | $1,942,156 | 24.7% |
Net Income | $1,626,463 | $1,279,275 | 27.1% |
Earnings Per Share | $0.04 | $0.03 | 33% |
Accounts Receivables | $2,294,780 | $1,092,037 | 110% |
Total Assets | $5,998,864 | $4,215,952 | 42.3% |
The Profire 2100 Burner Management System is developed to exceed the industry standard with each detail carefully designed to meet the stringent CSA and UL codes, while at the same time providing an intuitive and clear management menu for easy operation. From the industry leading stackable expansion modules to the technician designed layout and interface, every detail has been carefully scrutinized to provide the finest and most robust Burner Management System ever developed. Our team of qualified designers and engineers have spent years in the development of the 2100 and have created a BMS that will meet and exceed rigorous industry expectations.
Brenton W. Hatch (B. Ed) - President, Chairman and Chief Executive Officer
Andrew Limpert (B. Sc, MBA) - Chief Financial Officer
Harold Albert - Chief Operating Officer
Contact:
Profire Investor Relations
(801) 796-5127
Follow us on twitter@profirenews
Forward looking disclaimer: The information contained in this release includes forward looking statements that are subject to risks and uncertainties that could cause actual results to differ materially. Certain statements contained herein constitute forward- looking statements with the meaning of the Private Securities Litigation Reform Act of 1995. Such forward- looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from those expressed or implied, including but not limited to, risks described in the Company's periodic reports on file with the Securities and Exchange Commission.
RECENT 10Ks for 2011-2012
Q1 June 2011 http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8023836
Q2 September 2011 http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8240284
Q3 January 2012 http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8410674
Market Value1 | $45,000,000 | a/o Aug 12, 2011 |
Shares Outstanding | 45,000,000 | a/o Aug 05, 2010 |
Float | 6,000,000 | a/o May 09, 2011 |
Authorized Shares | Unlimited | a/o |
Par Value | 0.001 |
Shareholders of Record | 117 | a/o Jul 01, 2011 |
Short Interest | 0 (-100%) Jun 30, 2011 |
Significant Failures to Deliver | No |
OTC Stock Transfer, Inc. PROFIRE HOMEPAGE http://profireenergy.com/ FACEBOOK PAGE http://www.facebook.com/pages/Profire-Energy/110056225715986 |
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