Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Bring it on, I have some shares for sale around seventy five cents <vbg>.
Have a good weekend
cool beans- looking forward to a profitable quarter coming up, if they can collect on the receivables
I'm expecting a profitable quarter coming up next
TurboSonic Technologies Reports Second Quarter Operating Results
9:03a ET February 15, 2011 (Market Wire)
TurboSonic Technologies, Inc. (OTCBB: TSTA), a global provider of clean air technologies, today announced the following operating results for its second quarter ended December 31, 2010.
Three Months Ended Six Months Ended
US Dollars 12/31/10 12/31/09 12/31/10 12/31/09
Total Revenues $ 1,701,653 $ 3,504,842 $ 4,264,769 $ 11,017,430
(Loss) before Income
Taxes $ (1,118,880) $ (520,366) $ (1,790,574) $ (496,247)
(Recovery of) Income
Taxes $ (179,569) $ (222,408) $ (412,423) $ (215,516)
Net (Loss) $ (939,311) $ (297,958) $ (1,378,151) $ (280,731)
Basic (Loss) Per
Share $ (0.06) $ (0.02) $ (0.09) $ (0.02)
Weighted Average
Number of Shares
Outstanding 15,926,427 15,138,054 15,563,084 15,137,005
Revenues decreased by $1,803,189 (51%) to $1,701,653 in the three months ended December 31, 2010 over the same period ending December 31, 2009. In these comparable periods, loss before income taxes increased $598,514 to $1,118,880 and after-tax loss increased $641,353 to a net loss of $939,311. Our backlog of orders at December 31, 2010 was approximately $8.4 million compared to $2.3 million at December 31, 2009.
The increased activity we reported in our first quarter report has delivered orders totaling $9.2 million in the first six months ending December 31, 2010. These orders are generally unrelated to new and anticipated US EPA regulations and new products, which are expected to influence new opportunities going forward.
Commenting on the Company's results, Edward Spink, TurboSonic CEO, said, "The low backlog of orders carried into the current fiscal year coupled with low bookings in the first quarter have resulted in disappointing results for the second quarter despite the significant increase in bookings, which will favorably impact future quarters. We have continued to work on long term strategies to enhance our technologies, establish marketing agreements for complementary products and develop international growth markets. These efforts have resulted in an increase in orders from international markets which we believe will be complemented by an increase in the demand for our products resulting from the economic recovery, introduction of new products and new regulations."
TurboSonic Technologies (www.turbosonic.com) designs and markets air pollution control technologies to industrial customers worldwide. Its products help companies in the Cement and Mineral Processing, Ethanol & Biofuels, Metals & Mining, Petrochemicals, Power Generation, Pulp & Paper, Waste Incineration, and Wood Products industries meet the strictest emissions regulations, improve performance and reduce operating costs.
Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements to be materially different from the results, performance or achievements expressed or implied by the forward-looking statement. Factors that impact such forward-looking statements include, among others, changes in general economic conditions, interest rates, government regulations, and competition. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statement, see the annual report on Form 10-K and other documents the Company files from time to time with the Securities and Exchange Commission.
TurboSonic Technologies, Inc. (OTC Bulletin Board: TSTA - News)
TurboSonic Inc. TurboSonic Technologies, Inc.
Canadian Office US Office
550 Parkside Drive 172 Mine Lake Court, Suite 200
Waterloo, ON, Canada N2L 5V4 Raleigh, NC, USA 27615
Tel: 519-885-5513 Tel: 919-844-0411
Fax: 519-885-6992 Fax: 919-846-0055
info@turbosonic.com info@turbosonic.com
Italian Office
VIA IV Novembre, 92
Bollate, Milano, 20021, Italy
Tel: 39-02-38305384
Hmmm....
and you notice how the stock is creeping up slowly..on little volume..while they keep the spread...
Trying to discourage average people from trading the stock...
only way to buy is to hit the ask....
I remain on the sidelines..in hindsight I shouldn't have gotten so pissed of at what I was seeing and could have been in at .30
Industry Breakdown of All BARD ASSOCIATES INC 13F Holdings in Q3 2010
http://www.tracked.com/company/bard-associates/investments/
Find out who Bard and assoc. are...anyone owing more than 5% is considered an insider
More than 5% holder- any thoughts?
01/10/2011
Bard Associates, Inc.
135 South LaSalle Street, Suite 3700
Chicago, IL 60603
/ x / An investment adviser in accordance with Section
240.13d-1(b)(1)(ii)(E)
Amount beneficially owned:
3,745,350
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=7649002-1760-9745&type=sect&TabIndex=2&companyid=10968&ppu=%252fdefault.aspx%253fcik%253d900393
It's interesting how they are moving it up a penny or 2 each day on no volume..
Well, I'm not a "trader" per sec, but I like to invest in these small companies, and wait for a good return- usually 30% or better.
Tim
unless there is a significant increase in volume..there is a very serious issue with trading this stock..no liquidity.
I agree the company is doing good things.
Why no one cares is another question.
This announcment with the others puts revenue around $8.2mil- which is close to the trailing twelve month's stream. A couple more inked deals, and we may be off to the races
TurboSonic Awarded US1.2 Million Contract by South American Cement Producer for Clean Air Technology
Turbosonic Technologies (OTCBB:TSTA)
Intraday Stock Chart
Today : Wednesday 12 January 2011
TurboSonic Technologies, Inc. (OTCBB: TSTA), a global provider of clean air technologies, today announced that it has been awarded a US$1.2 million contract for design and supply of its proprietary Turbotak ammonia injection technology for selective non-catalytic reduction (SNCR) of nitrogen oxides (NOx), a combustion by-product that is harmful to the environment. The equipment was ordered by a South American Cement producer for 4 of its facilities, with delivery scheduled during the current fiscal year ending June 30, 2011.
TurboSonic's NOx control technology relies on patented Turbotak spray atomization technology for generation of ultra-fine droplets. For more information on Turbotak Atomizing Nozzles, visit: http://www.turbosonic.com/products/nozzles/turbotak.
Edward Spink, TurboSonic CEO, expressed, "TurboSonic has established its NOx control technology in North America on cement kilns and waste-to-energy plants. This repeat order, from a large multi-national corporation, is our first order for NOx control from the Cement industry in this region, and results from our efforts to increase market penetration and broaden our established reference base."
TurboSonic Technologies (www.turbosonic.com) designs and markets air pollution control technologies to industrial customers worldwide. Its products help companies in the Cement and Mineral Processing, Ethanol & Biofuels, Metals & Mining, Petrochemicals, Power Generation, Pulp & Paper, Waste Incineration, and Wood Products industries meet the strictest emissions regulations, improve performance and reduce operating costs.
Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements to be materially different from the results, performance or achievements expressed or implied by the forward-looking statement. Factors that impact such forward-looking statements include, among others, changes in general economic conditions, interest rates, government regulations, and competition. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statement, see the annual report on Form 10-K and other documents the Company files from time to time with the Securities and Exchange Commission.
(OTC Bulletin Board: TSTA - News)
TurboSonic Inc. TurboSonic Technologies Inc.
Canadian Office US Office
550 Parkside Drive 172 Mine Lake Court, Suite 200
Waterloo, ON, Canada N2L 5V4 Raleigh, NC, USA 27615
Tel: 519-885-5513 Tel: 919-844-0411
Fax: 519-885-6992 Fax: 919-846-0055
I am going to watch this...the low volume is a big red flag...and there is active manipulation with this stock..usually at the open and at the end of the day..I doubt anyone is making the trades we see other than the mm's
I had an order out for a week at .30..well above the bid..they tried to get me to chase to .35..I didn't..I canceled the order and now the fills are at .30..
I want nothing to do with this crap..as much as I like the company.
Thanks again for the email- here is the article on line:
Sonic eruption
Local air pollution reduction company TurboSonic making a splash
http://www.waterloochronicle.ca/news/business/article/226616
There is big manipulation going on right now..the spread is ridiculous..someone sold at .25 off the open....
NO..I am not interested in shares at .80 cents..lol
if you'd like to see the article I was referring to send me an email to howyk@yahoo.com..I will scan and send it to you..
Puss
If you believe in the company, don't wait for a few penny drop- Most the management took the rights offering at 34 cents (I did also). So, imo, strong hand are holding the stock. I'll sell you some around 80 cents <vbg>
I just love the market maker manipulation on this stock...right before the close they start messing around with trades..all day nothing...hilarious....traded 1000 shares off the open..and then at 7 minutes before close..bang..right after I put in my offer to buy at .25... bid was.22..ask was .40.
lol
I live in Waterloo Ontario where TurboSonic is based...there was an article in the local paper about a deal they have signed with an Israeli company to use their humidification technology which will significantly increase the efficiency of their systems...
Ed Spink was also interviewed...sounds very upbeat...said the company has come through a rough period because of the downturn in the world economy but things are looking up big time...
I am trying to take a small initial entry on this stock at .25 . The fact there is no volume is worrying..but I believe this company has a bright future..remember we have come through a bad recession and are not out of the woods yet ..but sales are
starting to come...more than 6 million so far.... over the last few months.
To enter now is to possibly get in near the bottom.
wtf is this volume about?
TURBOSONIC TECHNOLOGIES INC
Price: 0.27 +0.01 3.85%
Bid 0.245[+]
Ask 0.29
Open 0.26
Volume 184,719
Avg Vol (3m): 20,097
anyone know what this is?
filed 28 December 2010
Effective Date: December 27, 2010
Accession Number: 0001072613-10-001095
Submission Type: POS AM
CIK: 0000900393
Company Name: TURBOSONIC TECHNOLOGIES INC
File Number: 333-169626
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 690,000
PERCENT OF CLASS REPRESENTED 4.6%
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=7602026-1716-11977&type=sect&TabIndex=2&companyid=10968&ppu=%252fdefault.aspx%253fcik%253d900393
http://www.heartlandfunds.com/
I got my converted shares in the account- Putting a big trust in the management team here
Item 8.01. Other Events.
At 5:00 p.m., New York City time, on December 10, 2010, we completed a rights offering to existing stockholders, in which each stockholder was issued one subscription right for each two shares of common stock owned as of November 8, 2010. The non-transferable subscription rights entitled our shareholders to purchase up to 7,569,027 shares at a subscription price of $0.34 per full share. Pursuant to this rights offering, we issued 3,416,283 shares of common stock and received gross proceeds of $1,161,460. After deducting offering expenses, the net proceeds will be used for additional working capital primarily for marketing opportunities stemming from both recent and anticipated enactments by the U.S. Environmental Protection Agency (EPA) of more stringent emission standards and rules for certain hazardous air pollutants. In addition, some of the net proceeds will be used for marketing our products and solutions incorporating new technologies in market segments that are not primarily driven by governmental regulatory requirements.
4/A TURBOSONIC TECHNOLOGIES INC(ALARIE RAYMOND LEOPOLD) 12/17/10 (12/10/10)
4/A TURBOSONIC TECHNOLOGIES INC(GIMPEL RICHARD CARROLL) 12/17/10 (12/10/10)
4/A TURBOSONIC TECHNOLOGIES INC(YOUNG CARL ANDREW) 12/17/10 (12/10/10)
4 TURBOSONIC TECHNOLOGIES INC(HOBSON DAVID J) 12/14/10 (12/10/10)
4 TURBOSONIC TECHNOLOGIES INC(GIMPEL RICHARD CARROLL) 12/14/10 (12/10/10)
4 TURBOSONIC TECHNOLOGIES INC(YOUNG CARL ANDREW) 12/14/10 (12/10/10)
4 TURBOSONIC TECHNOLOGIES INC(SPINK EDWARD F) 12/14/10 (12/10/10)
4 TURBOSONIC TECHNOLOGIES INC(ALLAN ROBERT A) 12/14/10 (12/10/10)
4 TURBOSONIC TECHNOLOGIES INC(VAN EVERDINGEN EGBERT Q) 12/14/10 (12/10/10)
4 TURBOSONIC TECHNOLOGIES INC(WRIGHT GLEN ORLOE) 12/14/10 (12/10/10)
4 TURBOSONIC TECHNOLOGIES INC(DESZCA FREDERICK EUGENE) 12/14/10 (12/10/10)
4 TURBOSONIC TECHNOLOGIES INC(KIVENKO KEN) 12/14/10 (12/10/10)
4 TURBOSONIC TECHNOLOGIES INC(HURD RICHARD H) 12/14/10 (12/10/10)
4 TURBOSONIC TECHNOLOGIES INC(ALARIE RAYMOND LEOPOLD) 12/14/10 (12/10/10)
4/A TURBOSONIC TECHNOLOGIES INC(SPINK EDWARD F) 12/14/10 (12/09/10)
4 TURBOSONIC TECHNOLOGIES INC(ALARIE RAYMOND LEOPOLD) 12/13/10 (12/09/10)
4 TURBOSONIC TECHNOLOGIES INC(VAN EVERDINGEN EGBERT Q) 12/13/10 (12/09/10)
4 TURBOSONIC TECHNOLOGIES INC(YOUNG CARL ANDREW) 12/13/10 (12/09/10)
4 TURBOSONIC TECHNOLOGIES INC(SPINK EDWARD F) 12/13/10 (12/09/10)
4 TURBOSONIC TECHNOLOGIES INC(WRIGHT GLEN ORLOE) 12/13/10 (12/09/10)
4 TURBOSONIC TECHNOLOGIES INC(KIVENKO KEN) 12/13/10 (12/09/10)
4 TURBOSONIC TECHNOLOGIES INC(DESZCA FREDERICK EUGENE) 12/13/10 (12/09/10)
4 TURBOSONIC TECHNOLOGIES INC(HURD RICHARD H) 12/13/10 (12/09/10)
8-K TURBOSONIC TECHNOLOGIES INC 12/13/10 (12/13/10)
SC 13G/A TURBOSONIC TECHNOLOGIES INC(HEARTLAND ADVISORS INC) 12/10/10
imo- they shoulda been offered these options at .34, just like everyone else. The flip side, they can't exercise for over two years- so they better turn the company around
On December 9, 2010, our Board of Directors upon recommendation by our Compensation Committee approved the following stock option grants under our 2003 Stock Plan at an exercise price of $0.31 per share, which was the closing price of our common stock on December 9, 2010:
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=7604944-986-6151&type=sect&dcn=0001204459-10-003089
Tomorrow is the last day to exercise on the rights offering. Make it happen
I called in my rights offering today- Decided to take a chance with the company, since they announced about $6mil in orders recently. I hope it is a trend they continue after the offering period ends <g>
Re. stock symbol / cusip - (TURBR /*******:
The above-listed stock is part of a non-mandatory reorganization or tender offer, which currently expires on 12/10/2010.
Where to find more information:
For offers initiated by the company, information can often be found on the company's Web site.
If the offer was initiated by a third party, additional information can be obtained by contacting your local branch office.
For mini-tender offers, the US Securities and Exchange Commission has urged caution. To review an SEC educational piece entitled "Mini-Tender Offers: Tips for Investors," please go to http://www.sec.gov/investor/pubs/minitend.htm
If you decide to participate in this offer, you will need to inform your local Scottrade branch office no later than 10 a.m. ET on the expiration date listed above, and a $25 fee will be charged to your account. These shares must then remain in your account until the reorg/tender takes place. Please note that the expiration date for such actions is often extended and terms of the offer are subject to change.
Scottrade is not endorsing or recommending the offer, and the terms have not been reviewed to determine if accepting the offer would be in your best interest. If you do not wish to participate in this offer, notification is not required and Scottrade will take no action on your behalf.
maybe the extra shares bring a little more liquidity to the stock, and we get a better valuation on the pps
Yeah I agree. I think I'll pick up the shares. The only problem I have with TSTA is not the company, it's the way the MM's are buting and selling shares. Many times my orders are getting missed and trades go through that are 4-5 cents over my sell orders and 4-5 cents under my buy orders. I could understand if they were AON but there not. If the trades were executing like they should be I'd be even with this stock, not down a couple of grand.
Other than whats in the filings, no.
34 cents per "right" (one share for every two shares owned) may be a really good deal, if they can turn the company around.
Those that have a high PPS average, and believe in the company/industry should do it, imo.
Thanks for the info Tim.
Do you have any other information regarding the offering.
Best regards, Kiefur
Only a $25 fee for scottrade to process. Debating if I Im going to take the offering or not. We got a couple weeks to chew on it <g>.
I called Scottrade to get the paticulars on the deal- They said they are still working it out and to call back Monday
I don't know- might be the best way to raise money in this environment.
Subscription Rights to Purchase up to 7,569,027 Shares
of Common Stock at $0.34 per Full Share
Also, another quarter behind us, but the future has some promise.
TurboSonic Technologies Presents First Quarter Operating ResultsMarketwire(Fri 5:00PM EST)
kinda hard to get out on this kind of volume, lol
TURBOSONIC TECHNOLOGIES INC
Price: 0.39 -0.01 -2.50%
Bid: 0.39 [+]
Ask: 0.42
Open: 0.39
Volume: 375
Salvage Job,
You may want to get out while you can get $.35 to $.40 during the offering. Diluting the stock to survive is obvious, after taking lower salaries management is in survival mode. Unfortunately the Carbon Exchange, having read the writing on the wall with the Republican victory (yeehaw!!!!!), is now closed and probably for good. Meanwhile the EPA in all its ineptitude can do nothing for 4 years and even then it will no doubt go to court (MACT.boiler).
No new projects for TSTA, living on afterproducts.
I hope it works out- I've invested a little here <bg>. Maybe it will bring some liquidity to the stock, lol
Interesting... Looks like they are doing a rights offering. If your bullish the stock your kinda forced to anti-up. I don't have a position or any interest just found it interesting they are financing this way .
You've outdone even yourself in misunderstanding what I wrote.
Personally not even in TSTA, much less in love with it.
Perhaps management has some tiny role to play in the stock's performance. The objects of your own personal prejudices are less relevant to the issue than you give yourself credit for. Seriously.
I'm seriously wondering
If they will survive until 2012. The inept Obama administration and the inept EPA are what is holding this stock down. Bush pigeon held legislation and let it die on the vine. Obama is so weak he won't be able to punch his way out of a wet paper bag.
Of course there is something to be said for not implementing Cap n Trade. Personally I am not a proponent of the legislation.
I am happy to have escaped when I did from TSTA. Take a look at CVM, they have things going on and IMO will be a multiple bagger from here. Possibly a homerun.
TSTA is dead in the water.
Horrible 4th quarter. $700K in sales.
Forward looking statements are somewhat promising. But not enough for a buy over .25 for now. The margins are too low and revenues just too low also for a buy here.
This is going to make my portfolio look good for the day, thanks to the person that layed out the $53.23 for that buy, lol.
TURBOSONIC TECHNOLOGIES INC(OTC BB: TSTA.OB)
Last Trade: 0.4589
Trade Time: 10:25AM EDT
Change: 0.1489 (48.03%)
Volume: 116
Followers
|
19
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
538
|
Created
|
08/20/01
|
Type
|
Free
|
Moderators |
Overview
Turbosonic technologies (OTC BB: TSTA) markets and developes air pollution control devices for a variety of industries.
Web Site
www.turbosonic.com
http://tv.wallst.net/r/3-minute-press/TurbosonicTech-TSTA/217/917
Large Order History
Date | Amount | Description | Delivery By | Link |
09/15/09 | $0.9M | SonicKleen(TM) Wet Electrostatic Precipitator (WESP) in South America | 06/2010 | http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41488047 |
06/16/09 | $4.0M | Catalytic Gas Treatment (CGT) technology for control of volatile organic compounds (VOCs), | 09/2009 | http://investorshub.advfn.com/boards/read_msg.aspx?message_id=38748263 |
06/09/09 | $2.0M | Design and supply of SO2 abatement equipment for Essroc Italcementi's Martinsburg, West Virginia plant. | ?? | http://investorshub.advfn.com/boards/read_msg.aspx?message_id=38524808 |
04/21/09 | $2.3M | European Oil Refinery | 06/2010 | http://investorshub.advfn.com/boards/read_msg.aspx?message_id=37184881 |
02/12/09 | $1.0M | SonicKleenTM Wet Electrostatic Precipitator (WESP) system that will be employed in a CO2 sequestration demonstration project on a coal-fired power plant in Europe. | ?? | http://investorshub.advfn.com/boards/read_msg.aspx?message_id=35550459 |
12/17/08 | $1.0M | SonicKleen(TM) Wet Electrostatic Precipitator (WESP) system for emissions control for a US biofuel producer. | 06/2009 | http://investorshub.advfn.com/boards/read_msg.aspx?message_id=34240979 |
12/16/08 | $2.8M | SonicKleen(TM) Wet Electrostatic Precipitator (WESP) system for emissions control for a heavy oil fueled steam generator at a refinery in Europe | 06/2009 | http://investorshub.advfn.com/boards/read_msg.aspx?message_id=34220573 |
08/27/08 | $2.3M | SonicKleen(TM) Wet Electrostatic Precipitator system for a European oil company | 06/2009 | http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31772656 |
08/19/08 | $0.8M | SonicKleen(TM) Wet Electrostatic Precipitator system, to control emissions from a new, state-of-the-art waste-to-energy plant in Canada | 06/2009 | http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31772645 |
07/29/08 | $4.3M | Four SonicKleen(TM) Wet Electrostatic Precipitators (WESPs) from a biofuels producer in the USA | 06/2009 | http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31772626 |
07/24/08 | $2.9M | SoniCool(TM) Evaporative Gas Cooling System for an International cement producer | 12/2008 | http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31772608 |
07/23/08 | $2.5M | SoniCool(TM) Evaporative Gas Cooling System for a US cement plant | 12/2008 | http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31772582 |
04/22/08 | $1.0M | SoniCool(TM) Evaporative Gas Cooling System from an International Cement producer's US plant | 12/2008 | http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31772558 |
04/16/08 | $2.0M | Gas Scrubbing System for a US-based oriented strand board (OSB) producer | 12/2008 | http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31772536 |
04/10/08 | $1.0M | SoniChem Chemical Oxidizer and TurboVenturi Gas Scrubbing Systems | 12/2008 | http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31772509 |
Financial Press Releases
Q4'09 (Jun) Results - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41823613
Q3'09 (Mar) Results - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=37808683
Q2'09 (Dec) Results - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=35651256
Q1'09 (Sep) Results - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33582298
Q4'08 (Jun) Results - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32392377
Charts
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |