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Lol yes millions of dollars is not enough!! Gotta pay the bills need to sell another million this month for light bill.
Caring individuals have to eat, too, so maybe they're facing challenges we're unable to appreciate?
They pre announced that they would both be selling their share a while back , but cmon!! Just when we start getting upward momentum? That shows they don't care about shareholders
It takes money to live. I usually cut folks slack when they regularly divest themselves of shares earned through Director activities.
But I do understand your disappointment. I just think there might be more to the story than that which we know.
Every week they dump shares
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
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
321 SOUTH 1250 WEST, SUITE 1 3. Date of Earliest Transaction (MM/DD/YYYY)
3/10/2017
(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 3/10/2017 S (1) 100000 D $1.46 11256100 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
Explanation of Responses:
( 1) The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adoption by the reporting person on September 1, 2016.
Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Albert Harold
321 SOUTH 1250 WEST
SUITE 1
LINDON, UT 84042 X X
Signatures
/s/Todd Fugal, attorney-in-fact for Albert Harold 3/14/2017
** 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.
Amended Statement of Changes in Beneficial Ownership (4/a)
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 *
Hatch Brenton W 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 Executive Officer
(Last) (First) (Middle)
321 SOUTH 1250 WEST, SUITE 1 3. Date of Earliest Transaction (MM/DD/YYYY)
3/1/2017
(Street)
LINDON, UT 84042
(City) (State) (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)
3/6/2017
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 3/1/2017 S (1) 11877 D $1.26 14175000 D
Common Stock 3/2/2017 S (1) 15000 D $1.28 14160000 D
Common Stock 3/6/2017 S (1) 10000 A $1.31 14150000 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
Explanation of Responses:
( 1) The reporting person is amending the Form 4 originally filed, for the purpose of reflecting a different transaction code applicable to the sale of common stock.
Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Hatch Brenton W
321 SOUTH 1250 WEST
SUITE 1
LINDON, UT 84042 X X Chief Executive Officer
Signatures
/s/Todd Fugal, attorney-in-fact for Brenton W. Hatch 3/14/2017
** 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.
Can you offer details?
Profire Energy (NASDAQ:PFIE): Q4 EPS of $0.01. Revenue of $7.02M (-7.0% Y/Y)
Profire Energy Reports Financial Results for Fiscal Year 2016
Source: GlobeNewswire Inc.
Profire Energy, Inc. (NASDAQ:PFIE), a technology company which creates, installs and services burner and chemical management solutions in the oil and gas industry, today reported financial results for the nine-month transition period ended December 31, 2016. A conference call will be held on Friday, March 10, 2017 at 1:00 p.m. EST to discuss the results.
As previously communicated, due to a change in the Company’s fiscal year-end, the Company filed a transition report on Form 10-K covering the transition period from April 1, 2016 to December 31, 2016, which is the period between the closing of the Company's most recent fiscal year and the opening date of the newly selected fiscal year. The results from the quarter ended December 31, 2016 are reflected in the nine-month period covered by the transition report.
Transition Period Highlights
Revenues Increased 41% Quarter-Over-Quarter
Generated Positive Cash Flows in Each Quarter of the Transition Period
Cash and liquid investments at period-end totaled $20 million
Remained debt-free
Transition Period Financial Results
In the final quarter of the transition period total revenues increased to just over $7 million, which was an increase of 41% as compared to the previous quarter. This was achieved while keeping operating costs under control, which only increased 5% over the same comparable period.
Net income for the transition period was approximately $78,000 or $0.00 per diluted share, compared to a net income of $799,000 or $0.01 per diluted share in the comparable nine-month period of 2015. Net income in the final quarter of the transition period was $609,000 or $0.01 per diluted share as compared to $75,000 or $0.00 per diluted share in the previous quarter. The net loss in the first quarter of the transition period was $605,000 or a loss of $0.01 per diluted share. In the transition period the Company’s net income increased from -15% of total revenue in the first quarter to 9% of total revenue in the last quarter of the period.
At the end of the transition period cash and cash equivalents totaled $9.3 million, as compared to $21.3 million at the end of the fiscal year ended March 31, 2016. The Company has invested $11 million in low risk, CD’s, bonds and mutual funds. Without these investments, the Company’s cash position would have been $20 million, despite having repurchased $3.6 million in Profire stock during the transition period.
Management Commentary
“We continue to strategically allocate capital according to the plan we have previously communicated,” stated Ryan Oviatt, CFO of Profire. “We remain focused on the preservation of cash, seeking opportunities to acquire adjacent technologies, conducting our stock repurchase program, and other value creation activities that may be identified from time to time. We believe this plan will continue to drive long-term value for Profire and our shareholders.”
“The stabilization of oil prices has had a positive effect on our Company as our customers appear to have gained confidence in the oil markets and have returned to spending their capex budgets,” said Brenton Hatch, President and CEO of Profire Energy. “The oil industry is still recovering and while we don’t know how oil prices will react throughout our next fiscal year, many analysts believe oil prices will average in the mid $50’s price range. We remain optimistic that the stabilization of commodity prices will allow us to maintain the growth we have achieved in the final two quarters of the period.”
Conference Call
Profire Energy President and CEO Brenton Hatch and CFO Ryan Oviatt will host the teleconference. Following the teleconference, they will be joined by Cameron Tibdall, VP of Sales and Marketing, for a question and answer period.
Date: Friday, March 10, 2017
Time: 1:00 p.m. EST (11:00 a.m. MST)
Toll-free dial-in number: 1-877-705-6003
International dial-in number: 1-201-493-6725
The conference call will be telecast live and available for replay via this link: http://public.viavid.com/index.php?id=123227. The telecast replay will be available for one year.
Please call the conference telephone number five minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting the conference call, please contact Todd Fugal at 1-801-796-5127.
A replay of the call will be available after 5:00 p.m. ET on the same day through March 17, 2017.
Toll-free replay number: 1-844-512-2921
International replay number: 1-412-317-6671
Replay Pin Number: 13656825
About Profire Energy, Inc.
Profire Energy assists energy production companies in the safe and efficient production and transportation of oil and natural gas. As energy companies seek greater safety for their employees, compliance with more stringent regulatory standards, and enhanced margins with their energy production processes, Profire Energy's burner management and chemical injection systems are increasingly becoming part of their solution. Profire Energy has offices in Lindon, Utah; Houston, Texas; Shelocta, Pennsylvania; Greeley, Colorado; and Edmonton, Alberta, Canada. For additional information, visit www.profireenergy.com.
Cautionary Note Regarding Forward-Looking Statements. Statements made in this release that are not historical are forward-looking statements. This release contains forward-looking statements, including, but not limited to statements regarding the Company holding a conference call on March 10, 2017, regarding the transition period financial results; the effect the stabilization of oil prices will have on the Company’s customers spending their capex budgets; the effect the stabilization of oil prices will have on the Company’s ability to maintain recent growth; or, the Company’s capital allocation plan will be able to deliver long-term shareholder value. Forward-looking statements are not guarantees of future results or performance and involve risks, assumptions and uncertainties that could cause actual events or results to differ materially from the events or results described in, or anticipated by, the forward-looking statements. Factors that could materially affect such forward-looking statements include certain economic, business, public market and regulatory risks and factors identified in the company's periodic reports filed with the Securities Exchange Commission. All forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All forward-looking statements are made only as of the date of this release and the Company assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances, except as required by law. Readers should not place undue reliance on these forward-looking statements.
PROFIRE ENERGY, INC. AND SUBSIDIARIES
Consolidated Balance Sheets
As of
ASSETS December 31, 2016 March 31, 2016
CURRENT ASSETS
Cash and cash equivalents $ 9,316,036 $ 21,292,595
Accounts receivable, net 5,633,802 4,132,137
Inventories, net 7,839,503 11,046,682
Income tax receivable 180,981 268,326
Short term investments 2,965,536 -
Investments - other 2,250,000 -
Prepaid expenses & other current assets 410,558 315,757
Total Current Assets 28,596,416 37,055,497
LONG-TERM ASSETS
Deferred tax asset 60,940 -
Long Term Investments 5,504,997 -
PROPERTY AND EQUIPMENT, net 7,458,723 8,232,911
OTHER ASSETS
Goodwill 997,701 997,701
Intangible assets, net 490,082 529,300
Total Other Assets 1,487,783 1,527,001
TOTAL ASSETS $ 43,108,859 $ 46,815,409
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable $ 1,220,478 $ 893,822
Accrued vacation 154,307 171,089
Accrued liabilities 284,214 449,694
Income taxes payable 61,543 335,375
Total Current Liabilities 1,720,542 1,849,980
LONG-TERM LIABILITIES
Deferred income tax liability - 180,301
TOTAL LIABILITIES 1,720,542 2,030,281
STOCKHOLDERS' EQUITY
Preferred shares: $0.001 par value, 10,000,000 - -
shares authorized: no shares issued and outstanding
Common shares: $0.001 par value, 100,000,000 shares authorized:
53,582,250 issued and 50,705,933 outstanding at December 31, 2016
and 53,256,296 issued and outstanding at March 31, 2016 53,582 53,256
Treasury stock, at cost (3,582,805 ) -
Additional paid-in capital 26,800,298 26,164,622
Accumulated other comprehensive loss (2,810,743 ) (2,282,682 )
Retained earnings 20,927,985 20,849,932
Total Stockholders' Equity 41,388,317 44,785,128
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 43,108,859 $ 46,815,409
These financial statements should be read in conjunction with the Form 10-KT and accompanying footnotes.
PROFIRE ENERGY, INC. AND SUBSIDIARIES
Consolidated Statements of Operations and Other Comprehensive Income (Loss)
For the Nine-Month
Ended December 31, 2016 For the Year Ended
March 31, 2016
REVENUES
Sales of goods, net $ 14,336,618 $ 23,992,324
Sales of services, net 1,650,568 3,080,122
Total Revenues 15,987,186 27,072,446
COST OF SALES
Cost of goods sold-product 6,732,822 11,027,114
Cost of goods sold-services 1,154,326 2,405,012
Total Cost of Goods Sold 7,887,148 13,432,126
GROSS PROFIT 8,100,038 13,640,320
OPERATING EXPENSES
General and administrative expenses 7,198,081 12,264,442
Research and development 757,880 899,013
Depreciation and amortization expense 482,311 516,786
Total Operating Expenses 8,438,272 13,680,241
LOSS FROM OPERATIONS (338,234 ) (39,921 )
OTHER INCOME (EXPENSE)
Gain (Loss) on sale of fixed assets (2,680 ) 20,278
Other income 102,206 144,937
Interest income 90,028 37,278
Total Other Income 189,554 202,493
NET INCOME (LOSS) BEFORE INCOME TAXES (148,680 ) 162,572
INCOME TAX EXPENSE (BENEFIT) (226,733 ) 127,828
NET INCOME $ 78,053 $ 34,744
OTHER COMPREHENSIVE LOSS
Foreign Currency Translation Loss $ (415,698 ) $ (393,701 )
Unrealized Losses on Investments (112,363 ) -
Total Other Comprehensive Loss (528,061 ) (393,701 )
TOTAL COMPREHENSIVE LOSS $ (450,008 ) $ (358,957 )
BASIC EARNINGS PER SHARE $ 0.00 $ 0.00
FULLY DILUTED EARNINGS PER SHARE $ 0.00 $ 0.00
BASIC WEIGHTED AVG NUMBER OF SHARES OUTSTANDING 52,857,299 53,243,151
FULLY DILUTED WEIGHTED AVG NUMBER OF SHARES OUTSTANDING 53,483,110 53,558,942
These financial statements should be read in conjunction with the Form 10-KT and accompanying footnotes.
PROFIRE ENERGY, INC. AND SUBSIDIARY
Consolidated Statements of Stockholders' Equity
Additional Other Total
Common Stock Paid-In Comprehensive Treasury Retained Stockholders'
Shares Amount Capital Income Stock Earnings Equity
Balance, March 31, 2015 53,199,136 $ 53,199 $ 25,525,052 $ (1,888,981 ) $ - $ 20,815,188 $ 44,504,458
Fair value of options vested - - 565,646 - - - 565,646
Stock issued in exercise of stock options 57,160 57 73,924 - - - 73,981
Foreign currency translation - - - (393,701 ) - - (393,701 )
Net Income for the year ended December 31, 2015 - - - - - 34,744 34,744
Balance, March 31, 2016 53,256,296 53,256 26,164,622 (2,282,682 ) - 20,849,932 44,785,128
Fair value of options vested 242,801 242,801
Stock issued in exercise of stock options 86,808 87 112,913 113,000
Stock issued in settlement of RSUs 239,146 239 279,962 280,201
Treasury stock repurchased (2,876,317 ) (3,582,805 ) (3,582,805 )
Foreign currency translation (415,698 ) (415,698 )
Unrealized Losses on Investments (112,363 ) (112,363 )
Net income for the nine-months ended December 31, 2016 78,053 78,053
Balance, December 31, 2016 50,705,933 $ 53,582 $ 26,800,298 $ (2,810,743 ) $ (3,582,805 ) $ 20,927,985 $ 41,388,317
These financial statements should be read in conjunction with the Form 10-KT and accompanying footnotes.
PROFIRE ENERGY, INC. AND SUBSIDIARIES
Consolidated Statements of Cash Flows
For the Nine Months Ended For the Year Ended
December 31, 2016 March 31, 2016
OPERATING ACTIVITIES
Net Income $ 78,053 $ 34,744
Adjustments to reconcile net income to
net cash provided by operating activities:
Depreciation and amortization expense 756,927 989,484
(Gain) Loss on sale of fixed assets 3,480 (20,278 )
Bad debt expense 272,807 143,192
Stock options issued for services 616,802 678,971
Changes in operating assets and liabilities:
Changes in accounts receivable (2,063,449 ) 5,114,485
Changes in income taxes receivable/payable (190,746 ) (276,075 )
Changes in inventories 3,304,972 641,410
Changes in prepaid expenses (95,156 ) (171,411 )
Changes in deferred tax asset/liability (241,241 ) 49,490
Changes in accounts payable and accrued liabilities (58,736 ) 148,921
Net Cash Provided by Operating Activities 2,383,713 7,332,933
INVESTING ACTIVITIES
Proceeds from sale of equipment 16,896 158,641
Purchase of investments (10,685,553 ) -
Purchase of fixed assets (18,485 ) (62,465 )
Purchase of Intangible assets - -
Net Cash Provided by (Used in) Investing Activities (10,687,142 ) 96,176
FINANCING ACTIVITIES
Value of equity awards surrendered by employees for tax liability (30,000 ) (39,342 )
Cash received in exercise of stock options 15,000 -
Purchase of Treasury stock (3,582,805 ) -
Net Cash Used in Financing Activities (3,597,805 ) (39,342 )
Effect of exchange rate changes on cash (75,325 ) (241,968 )
NET INCREASE (DECREASE) IN CASH (11,976,559 ) 7,147,799
CASH AT BEGINNING OF PERIOD 21,292,595 14,144,796
CASH AT END OF PERIOD $ 9,316,036 $ 21,292,595
SUPPLEMENTAL DISCLOSURES OF
CASH FLOW INFORMATION
CASH PAID FOR:
Interest $ - $ -
Income taxes $ 255,769 $ 127,828
These financial statements should be read in conjunction with the Form 10-KT and accompanying footnotes.
Profire Energy, Inc. And Subsidiaries
Quarterly Financial Result for Nine-Months Ended December 31, 2016
For the Quarters Ending
Transition Period Jun 30, 2016 Sep 30, 2016 Dec 31, 2016
Total revenues $ 3,974,043 $ 4,990,813 $ 7,022,330
Gross profit 1,914,250 2,624,659 3,561,129
Income (loss) from operations (881,278 ) (127,369 ) 670,413
Income tax expense (benefit) (245,877 ) (99,701 ) 118,845
Net income (loss) (605,295 ) 74,452 608,896
Basic earnings per common share $ (0.01 ) $ 0.00 0.01
Diluted earnings per common share $ (0.01 ) $ 0.00 0.01
For the Quarters Ending
Fiscal Year 2016 Jun 30, 2015 Sep 30, 2015 Dec 31, 2015 Mar 31, 2016
Total revenues $ 6,877,243 $ 8,097,294 $ 7,554,255 $ 4,543,654
Gross profit 3,313,519 4,028,403 3,998,502 2,299,895
Income (loss) from operations (539,374 ) 675,396 490,322 (666,265 )
Income tax expense (benefit) (149,525 ) 254,781 194,227 (171,654 )
Net income (loss) (459,079 ) 779,195 479,243 (764,617 )
Basic earnings per common share $ (0.01 ) $ 0.01 $ 0.01 $ (0.01 )
Diluted earnings per common share $ (0.01 ) $ 0.01 $ 0.01 $ (0.01 )
These financial statements should be read in conjunction with the Form 10-KT and accompanying footnotes.
Contact:
Profire Energy, Inc.
Ryan Oviatt, CFO
(801) 796-5127
Primary Logo
I wonder if it will take place in a closet?
Profire Energy Sets Fiscal Year 2016 Conference Call for Friday, March 10, 2017 at 1:00 p.m. EST
there's no need to fear
Underdog is here.
After a couple of years of seeing this, I can't imagine expecting to see anything different.
This is what drove me to liquidate my position many months ago. I think it foolish to hold onto a loser when there's plenty of opportunity out there to find winners.
The only news these guys put out is how much they like cashing in their shares.. today is no different. Lol
I see it dropped back again, but IF it breaks through, next resistance at $2.10
Bigger question might be:
Does it matter?
How, if so?
Lastingly?
Just broke through resistance? Could it be?
FWIW, current support at $1.25
Pissed is right!! Lol the only news worthy thing this management team has done in 2 years is sell their shares! Guess he could wait to sell more shares before earnings report comes out .. I guess it won't be good news.
Is this NOT what you've come to expect? I guess I am a bit surprised that you seem surprised although I realize that mostly you're just pissed at how open the company is about such things.
They tend to avoid the public eye and partly for that reason I think they feel safe from the glare and stare of outsiders.
Damn more insider selling again.
It's a mistake to attach any longer lasting significance to trading this week due to the pending inauguration. Better to await a return to confidence.
They keep selling their shares every freakin day!! Wtf? Lol
Yeah, then you're screwed
My hair offers no resistance whatsoever.
I'm bald.
Resistance currently a hair over $2
I'm not able to make much sense of what this company has been doing lately. I hold other picks in the energy sector, all of which have figured out how to prosper in even the leanest of times.
This little piggy? It goes nowhere meaningful, does nothing noteworthy and just keeps on ticking---like the bomb it is...no heart, just waiting to explode in the hands of believers.
Looks like CEO gave himself an early Christmas present
I guess the announcement the company would buy stock was just to cover their a$$e$ when they bought the CTO's stock. This company is a complete scam
make that two, and I might forget about it.
You can always eat a dozen donuts, no?
I guess that's the way business is done in Utah?
They actually issued unauthorized shares and said "oops".
I guess it was fun while it lasted. It's like the ecig train I jumped on awhile back.
penny stocks galore and none of them succeeded for a long term. Find the prize.
This company is in trouble if it can't convince anyone.
otherwise we get a 5.00 buyout as soon as we sell. What to do, what to do.
Rewarded for his performance? Wtf..
Did they notice the share price?
See the 8-K today? I guess that kind of explains it. Wait...
... didn't we lose our last CFO to the same kind of shenanigans?
<smh>
Lol
SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Profire Energy, Inc. for Potential Breaches Of Fiduciary Du...
Source: PR Newswire (US)
NEW YORK, Nov. 29, 2016 /PRNewswire/ -- Purcell Julie & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim involving the board of directors of Profire Energy, Inc. (NASDAQ: PFIE).
If you are a shareholder of Profire Energy and are interested in obtaining additional information regarding this investigation, free of charge, please visit us at:
http://pjlfirm.com/profire-energy-inc/
You may also contact Robert H. Lefkowitz, Esq. either via email at rl@pjlfirm.com or by telephone at 212-725-1000. One of our attorneys will personally speak with you about the case at no cost or obligation.
Purcell Julie & Lefkowitz LLP is a law firm exclusively committed to representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty and other types of corporate misconduct. For more information about the firm and its attorneys, please visit http://pjlfirm.com. Attorney advertising. Prior results do not guarantee a similar outcome.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/shareholder-alert-purcell-julie--lefkowitz-llp-is-investigating-profire-energy-inc-for-potential-breaches-of-fiduciary-duty-by-its-board-of-directors-300369620.html
SOURCE Purcell Julie & Lefkowitz LLP
Copyright 2016 PR Newswire
Hilarious, really.
Crap is good, though. Try getting along without it.
I've never heard of paying someone $10/hr to keep the rag on. Geesh!!!- Do I have to teach you everything?
Hard to say about environmentally friendly companies---but a great point you raise. Mr. T has an Achilles for sure and it ties in with approval. I think he may well develop into a populist leader, something at least half the population probably needs right now.
Several years ago it took thirty years from permitting to firing up to create a new coal mine operation. I don't think they're about to spring up everywhere. And the existing ones are sagging at their operation knees as I read it. But we should be talking about ultra modern clean coal facilities.
Pipelines connect logistically important depots. We do need them and especially more interconnection. It will happen and with it---additional encouragements for those prepared to drill more.
I'm a Texan . The wife insists I have more than my share of wind but she's the one to shuffle the sheets to spread the wealth around.
bring back lead based paint!!!! that new fangled crap doesn't cover a damn thing!!!
asbestos for everyone!!!!
hope it was good. (dinner)
I don't see much of a short term future for "environmentally friendly" companies. Do you?
If the new administration lays waste to the EPA, then where does PFIE stand? Who needs all that expensive software when you can just hire a guy for 10 bucks an hour to keep the rag on the stick lit?
emissions slhlmissions. Were opening coal mines that we don't even need any more. Building pipelines to nowhere again.
Why have an efficient company when we can literally eat coal and drink oil again. Meanwhile big Texas Red has more wind than they could ever imagine.
Frack on!!!!!
Carry on? I've already had dinner, thank you.
I think you missed my feeble attempt at humor. I wasn't suggesting short selling this stock or any other.
carry on.
No, not me, although I appreciate the invite.
I've never shorted a stock, not ever. But I've guided some others in the process because of my having studied a company in depth. But my brain is wired for spotting success in a company's business strategy and I know better (I think!) than to bet against my own inclinations. My picks (and related boards at IHUB) are doing extremely well. I'd have to have been a lunatic to bet against any of them. My programming, if forced to reverse direction, would hurt.
cool. can we get back on the short bus together?
Sorry for the confusion, been down with a virus and operating largely from my cell phone.
My last post was not to myself. It was to be a response to Sone whom I was applauding for thinking more deeply than some others might.
Actually I don't talk to myself. I don't speak the same language. lol
You see and understand. Good for you to separate window dressing from substantive events.
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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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