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ihub board and has 57 emails new board....no promo a pick only
Are you talking about a newsletter or letter I don't see any promo company by name " Hollywood stocks" could you send me some more details
The float here is too tight
This was a good one a couple of years ago. Played it from the .20s to the .40s. They stopped reporting and it went to chit.
Website down now
MK
I don't know. They ceased reporting a while back. Thewebsite is still up, buthasnt been updated in a long time.
HEY BUDDY i had stopped watching this but last 2 days i saw some mysterious movement one or two transactions and then suddenyl i saw a ask at .02 for 200000 shares well in such a small float of just 9 mio shares who could put thats ask
is this the start of a volume craetion by MMs as they might be knowing something,well when i place a order to buy 200000 shares at .02 suddenly the aks went to .04,Hmm do you feel anything could happen here?
.06 x .093 guys just watch at this this bid and ask comes just at the opening bell with UBSS as MM i feel they look to have some clear instructions to buy at this levels,but that could be other wise also to bring all the sellers who are above .093 and the MMs make a monster run some ime to mop up all those shares till .40 levels certainly the company has many contracts in hand and to conserve capital they are out of OTC and are probably restructuring.
ANYTHING BELOW .07 looks cheap here
Last month when they PRd the 15-12g fling, I started buying a bunch. Averaged right around .01.
Wish I would have bought more of this at .01, no chatter, no chart on stockcharts, yet very nice action from the bottom
ASK IS .07 some one is buying this slowly,looks some big news expected?
I thought bids were not shown if they are under 5000 shares?
MMs HIDING BIDS iwas watching almost for the whole session UBSS was on the bid at .024 and in just last miniute of the closing the bid was taken off.that means surely the MMs are short in these shares and the stock has really become tight just try putting your bid for just say 100 shares and then watch if that bid is visible on the level II i feel surely small accumulation is on in this
FLOAT IS TIGHT the company is going through good restructuring any buys below .05 would be cheapies.Further company could announce several contracts in the coming year.just look at the float i will hold this for 12 months and would buy at the current levels of .023
I figured it would. They have nice revs and share structure. Reorganizing to emerge in better shape. Those .01s are looking sweet now.
WELL WE WONT FIND INFO on the pinks any more since form 15 has already been filed by the company so only info we coud get is by a company PR. i feel the company will go in for a massive restructuring adn i will not be surprised possibly after 2 quarters they might opt for a bigger stock exchange like AMEX or NYSE.
with such a low float and revenue oriented company this might be a good buy at teh current levels MMs did their best to shake till .005 but those were dummy trades the bid stands now at .012 and ask with 2 MMs at .015 and .02 the next straight .07
i will hold this for 12 months without worrying on daily fluctuations
Pretty much a no brainer at this level. I'm well loaded.
BOUGHT ANOTHER 250000 SHARES will wait for 12 months
YEAH IT WAS ME well we shoul all learn to play the stock market tricks like you i was of the opinion that this is a long term play after form 15 hold and wait for 12 months henec you see my earlier post i said this will go down to .001 but that was to get some cheapies from teh weak hands.
In fact when the bid was .01 i had bid at .017 to take the MMs on teh back foot the MMs sensed that they just gave the first 113200 shares on teh my first strike but did not give me the rest as my bid was for 500000 shares.
Than if you note for almost rest of the session they just tried to scare by bringing this to .005 but made another strike one hr before the close increased my bid i was aware the shares here are tight and the MMs also know that than just 2 min before the close they released some more shares to me.They had to do that as my MM must have hit at that .017 but the MMs for some reasons did not want to show that price pop up to .017 before this gets delisted possibly from OTC on Monday and goes to pink.
But i am happy will hold these shares for 12 months now
Was that your 50K at the ask?
I WAS RIGHT .001 NOT FAR AWAY well you are right teh fundamentals look no doubt good but stock market moves on sentiment and with big losses in the balance sheets,and off from OTC after filing form 15 this would only trade on pinksheets where we have possibly several SEC norms for seeling the stock which means trading will not be liquid,i will not be surprised if this goes down to the level of .001.
And once this settles down on pink sheets and say after 2 quarters teh company gets restructured we could think surely of a multbagger here or else its rare to find companies with such large revenues and such a low market cap and float
The OS per the last Q, 05May10, was 17mil. 7Mil in revs last quarter.
the question is: are the numbers shown at psq up-to-date?
if yes we've got a multi bagger in the making here imo!
Definately, a good buy at this level while the company gets some restructuring done IMO. The way I see it, they should save where they can save. It all adds to the bottom line.
PREA 300 k market cap & 36 mill in assets??http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7272455
I thought the .0141 was suspicious too, until I watched it absorb a bunch of shares and not fall. 15-12G or not, they PRd they were doing it to save funds. Huge revs on PREA, but bottom line is lacking. Unchanged OS for some time. Not a share dumping or PR pumping company. I'll continue to buy this level.
WANTED TO BUY THIS BUT? was watching teh price for last three days particularly yesterday when teh bid was .005 and no buyers suddenly there was an uptick to .0141 which i feel suspicious was done by MMs to create new buyers,with this company into big losses and delisting from OTC by filing form 15 i feel the MMs will make their effort to dump what ever is left i could see possibly this going below .005
nice bounce off the .01 too hot for me though. lol
I am no good at shorts and the bottom timing. lol
I f I bought here they would be at .005 now.
just my luck on the bottoms.
Looking a little better, .0135/.015.
I was just reposting the news and I was thinking about the clothing one we had earleir this year that did the same from .06 to .004.
I know about the filing. Posted that as the drop reason. Trading at .015 with a 17mil OS, and revenue producing. Will be good for a bounce at some point.
PURE EARTH, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
March 31, 2010 December 31, 2009
(Unaudited)
ASSETS
CURRENT ASSETS
Cash and cash equivalents $ 210,556 $ 796,553
Restricted cash — 211,122
Accounts receivable, less allowance for doubtful accounts of $427,179 and $410,105 6,908,789 6,588,321
Due from affiliates 108,191 118,270
Inventories 505,025 392,562
Prepaid expenses 1,090,934 765,220
Other current assets 1,736,845 1,487,667
Deferred income tax asset 209,568 209,568
Assets of discontinued operations 184,977 1,383,593
Total Current Assets 10,954,885 11,952,876
PROPERTY AND EQUIPMENT
Land 1,085,940 1,085,940
Buildings and improvements 7,114,752 7,114,752
Leasehold improvements 220,560 220,560
Machinery and equipment 10,081,248 10,081,248
Trucks and automobiles 1,136,619 1,136,619
Office furniture, fixtures and computer software 324,439 324,439
19,963,558 19,963,558
Less: accumulated depreciation and amortization (6,625,455 ) (5,987.934 )
Property and Equipment, Net 13,338,103 13,975,624
OTHER ASSETS
Deposits and other assets 1,300,505 1,417,117
Deferred financing costs, net of accumulated amortization of $192,196 and $553,407 515,682 544,245
Goodwill 565,484 565,484
Permits 2,200,000 2,200,000
Other intangible assets, net of accumulated amortization 1,554,495 1,647,191
Idle machinery 4,158,100 4,158,100
Total Other Assets 10,294,266 10,532,137
TOTAL ASSETS $ 34,587,254 $ 36,460,637
The accompanying notes are an integral part of these condensed consolidated financial statements.
2
--------------------------------------------------------------------------------
PURE EARTH, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
LIABILITIES AND STOCKHOLDERS’ EQUITY
March 31, 2010 December 31, 2009
(Unaudited)
CURRENT LIABILITIES
Line of credit $ 3,162,863 $ 1,884,529
Notes payable- related party 1,011,348 1,011,348
Current portion of long-term debt 1,841,048 1,445,576
Accounts payable 5,313,659 4,992,431
Accrued expenses 1,022,114 1,025,883
Accrued payroll and payroll taxes 259,725 151,408
Other current liabilities 595,601 541,736
Accrued disposal costs 485,453 468,942
Liabilities from discontinued operations 94,093 850,594
Total Current Liabilities 13,785.904 12,372,447
LONG-TERM LIABILITIES
Long-term debt, net of current portion 6,709,048 7,188,931
Mandatorily redeemable Series B preferred stock, $.001 par value; authorized 20,000 shares; issued and outstanding 6,300 and 6,300 shares 5,529,793 5,359,206
Accrued disposal costs 364,436 282,172
Contingent consideration 1,176,235 1,176,235
Warrants with contingent redemption provisions 383,168 383,168
Deferred income taxes 1,734,011 2,272,043
Deferred income taxes – permits 880,000 880,000
Total Long-Term Liabilities 16,776,691 17,541,755
TOTAL LIABILITIES 30,562,595 29,914,202
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY
Preferred Stock, $.001 par value, authorized 500,000 shares;
Series C Convertible Preferred Stock $.001 par value, authorized 260,000 shares; issued and outstanding 105,350 and 105,350 shares, liquidation preference $1,088,616 105 105
Common stock, $.001 par value; authorized 25,000,000 shares; issued and outstanding 17,587,899 and 17,575,399 shares, respectively 17,588 17,576
Additional paid-in capital 15,040,834 15,034,596
Accumulated deficit (11,033,868 ) (8,505,842 )
TOTAL STOCKHOLDERS’ EQUITY 4,024,659 6,546,435
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 34,587,254 $ 36,460,637
The accompanying notes are an integral part of these condensed consolidated financial statements.
.
3
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PURE EARTH INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
For the Three Months Ended
March 31,
2010 2009
(Unaudited) (Unaudited)
REVENUES $ 7,017,726 $ 11,641,981
COST OF REVENUES (including depreciation and amortization expense of $615,882 and $483,181 for the three months ended March 31, 2010 and 2009) 7,007,291 9,392,783
GROSS PROFIT 10,435 2,249,198
OPERATING EXPENSES
Salaries and related expenses 878,434 1,342,786
Occupancy and other office expenses 172,088 235,860
Professional fees 617,002 534,594
Other operating expenses 242,194 331,801
Insurance 259,169 241,369
Depreciation and amortization 114,334 117,196
TOTAL OPERATING EXPENSES 2,283,221 2,803,606
LOSS FROM OPERATIONS (2,272,786 ) (554,408 )
OTHER INCOME (EXPENSES)
Interest income — 6,707
Interest expense (645,054 ) (575,197 )
Loss from equity investment (10,079 ) (103,597 )
Other income (expense) 91,021 (16,254 )
TOTAL OTHER INCOME (EXPENSES) (564,112 ) (688,341 )
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (2,836,898 ) (1,242,749 )
BENEFIT FROM INCOME TAXES (537,982 ) (656,043 )
NET LOSS FROM CONTINUING OPERATIONS (2,298,916 ) (586,706 )
DISCONTINUED OPERATIONS
Loss from discontinued operations (301,134 ) (221,634 )
Benefit from income taxes — —
Net loss from discontinued operations (301,134 ) (221,634 )
Gain on sale of assets and liabilities from discontinued operations 98,362 —
TOTAL LOSS FROM DISCONTINUED OPERATIONS (202,772 ) (221,634 )
NET LOSS (2,501,688 ) (808,340 )
Less: Series C Convertible Preferred Stock dividends 26,338 —
NET LOSS AVAILABLE FOR COMMON STOCKHOLDERS $ (2,528,026 ) $ (808,340 )
NET LOSS PER COMMON SHARE FROM CONTINUING OPERATIONS
Basic and Diluted $ (0.13 ) $ (0.04 )
NET LOSS PER COMMON SHARE FROM DISCONTINUED OPERATIONS
Basic and Diluted $ (0.02 ) $ (0.01 )
NET LOSS PER COMMON SHARE FROM SALE OF DISCONTINUED OPERATIONS
Basic and Diluted $ 0.01 —
TOTAL LOSS PER COMMON SHARE FROM DISCONTINUED OPERATIONS
Basic and Diluted $ (0.01 ) $ (0.01 )
NET LOSS PER COMMON SHARE
Basic and Diluted $ (0.14 ) $ (0.05 )
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING
Basic and Diluted 17,582,899 17,223,021
Pure Earth, Inc. Intends to Voluntarily Cease Public Reporting and to Discontinue the Quotation of Its Common Stock on The OTC Bulletin Board
TREVOSE, PA, Jul 19, 2010 (MARKETWIRE via COMTEX) -- Pure Earth, Inc. (OTCBB: PREA) today announced that it intends to voluntarily discontinue the quotation of its common stock on The OTC Bulletin Board and to deregister its common stock under the Securities Exchange Act of 1934. As a result of the deregistration, the Company will no longer be subject to SEC reporting requirements and its common stock will no longer be quoted on The OTC Bulletin Board.
The Company concluded that the costs of public company compliance, coupled with the lost productivity resulting from management's compliance activities, significantly outweigh the benefits to the Company of the quotation of its common stock on The OTC Bulletin Board.
The Company expects that it will file on or about July 26, 2010 a Form 15 with the SEC, which will indicate the voluntary deregistration of the Company's common stock and will immediately suspend the Company's obligation to file periodic reports under the Securities Exchange Act of 1934, including Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The deregistration generally takes effect 90 days after the filing of the Form 15.
Following the deregistration, the Company may seek to have its common stock quoted on the Pink Sheets, a centralized electronic quotation service for over-the-counter securities, so long as market makers demonstrate an interest in trading in the Company's common stock. However, the Company is under no obligation to maintain the quotation of its common stock and it cannot give any assurance that it will ultimately seek or be able to have its common stock quoted through the Pink Sheets, or if such quotations commence, that trading in its common stock will continue on the Pink Sheets or on any other securities exchange or quotation medium or that its common stock will be actively traded. Furthermore, holders of the Company's securities should be cautioned that, after the voluntary deregistration has taken effect, they will generally be unable to rely upon certain resale exemptions under the Securities Act of 1933, such as Rule 144, to permit them to offer and sell their securities.
About Pure Earth, Inc.
Pure Earth, Inc. is a diversified environmental company that specializes in delivering innovative, unique and sustainable solutions to alternate energy and recovery services in the United States. The Company's corporate objective is the management of complex projects to maximize the beneficial energy, land resource reuse and recycling potential of various materials throughout the United States. The Company is a provider of integrated environmental transportation, disposal, recycling, consulting, engineering and related services, enabling the beneficial reuse of soils and industrial waste streams into approved disposal facilities or Brownfield sites.
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The Company's forward-looking statements include, but are not limited to, statements regarding its expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.
The forward-looking statements contained in this press release are not guarantees of future performance and are based on the Company's current assumptions, estimates, forecasts, expectations and beliefs concerning its business and their potential effects on the Company, and speak only as of the date of such statement. The Company does not undertake to update its forward-looking statements to reflect events or circumstances after the date hereof. There can be no assurance that future developments affecting the Company will be those that it has anticipated. These forward-looking statements involve a number of risks and uncertainties (some of which are beyond the Company's control) that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, the Company's ability to maintain quotations or any market for its common stock, the ability of the Company's stockholders to obtain or continue to obtain liquidity for their shares, and the other risks and uncertainties set forth in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2009, as filed with the SEC on April 15, 2010. Should one or more of these risks or uncertainties materialize, or should any of the Company's assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Readers should not place undue reliance on forward-looking statements.
Contact Information:
Mark S. Alsentzer
President and CEO
Pure Earth, Inc.
One Neshaminy Interplex, Suite 201
Trevose, PA 19053
Phone 215-639-8755
Fax 215-639-8756
SOURCE: Pure Earth, Inc.
Copyright 2010 Marketwire, Inc., All rights reserved.
-0-
SUBJECT CODE: Environment:Hazardous Materials Management
Professional Services:Engineering
Professional Services:Consulting
Environment:Waste Management
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I got 10K, and will add after I look at the trading. The SS is outstanding for a company with these revs.
#6 BM here, for bragging rights if this gets big
Perfect time to buy in my book. I grabbed some at the ask based off the share structure, chart and L2, (and the fact that you are here ) but I need to do more of my own DD to justify putting more money here. Thanks again for the heads up
Especially with their revenues and share structure. They aren't shutting down, only discontinuing reporting to save $. Just down on very little volume.
Yes, seems odd for this to drop so low on this news. Thanks for the heads up here jmurfk
No reason for this to have dropped down here on a PR about a 15-12G filing. 100K shares today and its down to .015. 17mil OS, 40mil revs last year and 7mil revs last quarter. Remember last year when it was low at .30.
They just PRd saying they are filing a 15-12G. Small sells knocking it down to around .01 this AM. Take a look at the last Q and K. 17mil OS, 7mil in revs last quarter and 40mil last year.
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Pure Earth, Inc.
One Neshaminy Interplex
Suite 201
Trevose, PA 19053
United States - Map
Phone: 215-639-8755
Fax: 215-639-8756
Web Site: http://www.pureearthinc.com
Index Membership: N/A
Sector: Industrial Goods
Industry: Waste Management
Full Time Employees: 164
Pure Earth, Inc., through its subsidiaries, operates as a diversified environmental company that delivers solutions for the health and well-being of the planet.
It provides integrated environmental transportation, disposal, recycling, consulting, engineering, and related services enabling the beneficial reuse of soils and industrial waste streams into approved disposal facilities or Brownfield sites.
The company operates in five segments: Transportation and Disposal, Treatment and Recycling, Environmental Services, Materials, and Concrete Fibers.
Its Transportation and Disposal segment offers transportation and disposal services for excavated clean and contaminated soils from urban construction projects in the mid-Atlantic region and the New York metropolitan area.
The company's Treatment and Recycling segment removes, processes, treats, recycles, and disposes residual waste from industrial and commercial sources, targeting customers along the U.S. eastern seaboard.
Pure Earth's Environmental Services segment provides environmental consulting and related specialty services, including environmental investigation and engineering; environmental well drilling; disposal of regulated medical waste; and locating and acquiring Brownfield sites for subsequent development, restoration, and resale with capping material.
The company';s Materials segment produces and sells recycled construction materials for construction and other applications, such as crushed stone and recycled aggregate. Its Concrete Fibers segment recycles used carpet fibers into environmentally sustainable fiber material used to reinforce concrete, as well as repacks and distributes various other fibers as additives to concrete products. The company is headquartered in Trevose, Pennsylvania.
A/S - 25 mil
O/S - 17,626,799
Active Chart: http://www.clickcharts.com/
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