Short term memory!!!
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Here is my question and its only a question:
But if all of the shares of Federal Logistics and Optimized Transportation Software went to the Registrant which is Restaurant Management Inc which is now OPTZ...in exchange for the issuance of an aggregate of 5,500,000 shares of the Registrant’s common stock and 700,000 shares of Series A Convertible Preferred Stock (“Series A Preferred Stock”) and 500,000 shares of Series B Preferred Stock (“Series B Preferred Stock”) TO KEVIN BRENNAN NOT WSLV then shouldnt Kevin Brennan own the majority shares of OPTZ and not WSLV? Later the 5,500,000 were cancelled as well. Im trying to find where WSLV is the parent company of OPTZ??????
As reported on a Form 8-K filed with the Securities and Exchange Commission (“SEC”) on June 19, 2009, on June 19, 2009 United Restaurant Management, Inc. (the “Registrant”), a Delaware corporation, entered into an Agreement (the “Agreement”) with World Logistics Services. Inc. (“World Logistics”), a corporation incorporated under the laws of the state of Delaware. Pursuant to the terms of the Agreement, World Logistics agreed to transfer all of the issued and outstanding shares of common stock in Federal Logistics, Inc. and Optimized Transportation Software, Inc. to the Registrant in exchange for the issuance of an aggregate of 5,500,000 shares of the Registrant’s common stock and 700,000 shares of Series A Convertible Preferred Stock (“Series A Preferred Stock”) and 500,000 shares of Series B Preferred Stock (“Series B Preferred Stock”) to Kevin P. Brennan, thereby causing Federal Logistics, Inc. (FL) and Optimized Transportation Software, Inc. (OTSI) to become wholly-owned subsidiaries of the Registrant (the “Share Exchange”).
Here is my question and its only a question:
But if all of the shares of Federal Logistics and Optimized Transportation Software went to the Registrant which is Restaurant Management Inc which is now OPTZ...in exchange for the issuance of an aggregate of 5,500,000 shares of the Registrant’s common stock and 700,000 shares of Series A Convertible Preferred Stock (“Series A Preferred Stock”) and 500,000 shares of Series B Preferred Stock (“Series B Preferred Stock”) TO KEVIN BRENNAN NOT WSLV then shouldnt Kevin Brennan own the majority shares of OPTZ and not WSLV? Later the 5,500,000 were cancelled as well. Im trying to find where WSLV is the parent company of OPTZ??????
As reported on a Form 8-K filed with the Securities and Exchange Commission (“SEC”) on June 19, 2009, on June 19, 2009 United Restaurant Management, Inc. (the “Registrant”), a Delaware corporation, entered into an Agreement (the “Agreement”) with World Logistics Services. Inc. (“World Logistics”), a corporation incorporated under the laws of the state of Delaware. Pursuant to the terms of the Agreement, World Logistics agreed to transfer all of the issued and outstanding shares of common stock in Federal Logistics, Inc. and Optimized Transportation Software, Inc. to the Registrant in exchange for the issuance of an aggregate of 5,500,000 shares of the Registrant’s common stock and 700,000 shares of Series A Convertible Preferred Stock (“Series A Preferred Stock”) and 500,000 shares of Series B Preferred Stock (“Series B Preferred Stock”) to Kevin P. Brennan, thereby causing Federal Logistics, Inc. (FL) and Optimized Transportation Software, Inc. (OTSI) to become wholly-owned subsidiaries of the Registrant (the “Share Exchange”).
Well its all in the last 10-K feel free to read it under risks. IMO
IMO they have warned us of all of this quite possibly happening a year ago...
Something that could explain the AS increase, The new Preferred Stock series and current contract with corporate office from previous 10K.
The issuance of additional shares in connection with current and other potential acquisitions may result in additional dilution to our existing stockholders.
We have issued shares of common stock or common stock equivalents in payment of the purchase price of companies we have acquired. This will have the effect of further increasing the number of shares outstanding. In connection with future acquisitions, we may undertake the issuance of more shares of common stock without notice to our then existing stockholders. We may also issue additional shares in order to, among other things, compensate employees or consultants or for other valid business reasons in the discretion of our Board of Directors, and could result in diluting the interests of our existing stockholders.
Preferred Stock
The Company is authorized to issue 10,000,000 shares of preferred stock, par value at $.001 per share.
ITEM 2. PROPERTIES
Our principal executive offices are located at 707 Grant Street, Suite 2307, Pittsburgh, Pennsylvania and consist of approximately 1,800 feet of office space which we lease for approximately $2,600 per month pursuant to the lease expiring November 30,2013. We also maintain approximately 6,000 feet of warehouse space in Hanging Rock Ohio, which we lease on a month to month basis. We believe our current offices are adequately covered by insurance and are sufficient to support our operations for the foreseeable future.
Last time 10-K posted it was 5:30pm on 3/31/2010...
Just checked pinksheets and nothing yet...
I agree 100% with you...
IMO
JUDGEMENT DAY... i say EOD we get something...IMO
At least someone likes my humor :) Good luck to you...Lets see what OPTZ does today...
In less than a day, us shareholders from here will join others from around the world. And, OPTZ will be launching the largest
10-K in the history of our company. "Shareholder," that word should have new meaning for all of us today. We can't be consumed by our petty differences anymore. We will be united in our common interest. Perhaps, it's fate that tomorrow is the thirty-first of March, and you will once again be fighting for our freedom--not from tyranny, oppression, or persecution, but from annihilation. OPTZ shareholders are fighting for our right to live--to exist. And, should we win the day, the thirty-first of March will no longer be known as any normal OPTZ trading day, but as the day when OPTZ declared in one voice: "We will not go quietly into the night. We will not vanish, without a fight. We're going to live on. We're going to survive. Tomorrow, we celebrate our OPTZ 10-K Day!"
I HEARD NO FAT LADY...
I'm still a shareholder of this company :)
This is ugly, but i'll ride it out...So i'll keep the lights on if anyone wants to read me a story :)
I dont see the RS coming but thats cause i still have hope they can pull out a profitable quarter. We shall see
AIMHO
And theres the volume i thought we'd see. Im thinking 55M by close? IMO...
wish i was a fly on the wall as well. IMO, previous management deserves whatever it is they get from authorities. Everybody is watching to see how this plays out...Lets hope for the real owners of this company the shareholders past and present.
I suspected a little more volume today...MM's could be playing games. Cant wait for the 10-K. Will give us something to talk about other than coulda, woulda, shoulda...
haha...maybe...i wouldnt put it past this management anymore...nothing surprises me with these two.
Happy 10-K EVE...
I was hoping we would get an update on this before the 10-K, but i am hoping the 10-K gives us an update on this.
At this point all we can do is hope that the company will do whats in the best interest of the shareholders. At some point they are going to have to start answering their phones and communicate with us to provide some insite on what happens next. IMO i see their silence as "we are doing everything we can for the good of the shareholders but at this current time there is nothing to report." What i find interesting is they have filed documents and issued PR's to give us some insite but we can only draw conclusions on what the company is doing with this information. The 10-K will provide us something to chew on but i am with you and every other shareholder, we want answers and we are tired of talking to voicemail and non-responses from emails. I dont understand this management philosophy but I also have never been CEO and President of a company. My expectations are my own and i have a belief that they have a lot on the line...their reputations as business men, their employees being restricted commonstock shareholders, and themselves being commonstock shareholders, and quite possibly if they received $1.25M in financing then they have "The Group" wanting an ROI. Everybody is watching, lets see how this plays out.
IMO...
The best part of these WLS* shareholders that come to this board is they all expect to get rich off of OPTZ product and service but then they want to tell you that OPTZ is a scam. What does that tell you? hahaha...
JUST ANSWER THIS QUESTION... PLEASE I BEG YOU...
What happens if management is able to reduce overhead an additional 20%...KEEP in mind they were able to reduce overhead 25% last quarter from the previous quarter...JUST ANSWER THAT QUESTION...
ALL I WANT IS THE ANSWER .... :) PLEASE I BEG YOU....oh its that simple....
AIMHO...
answering your questions :) enjoy....
How many acquisitions that OPTZ has closed on since they announced their intent to acquire? How much do these acquisitions do in revenue (annualized)? Are they all accretive to earnings?
ITTSBURGH, PA--(Marketwire - 11/23/10) - Optimized Transportation Systems, Inc. (OTC.BB:OPTZ - News) is pleased to announce that the company has secured one million two hundred and fifty thousand dollars in a preferred equity financing with a New York City based equity group (the "group"). The equity shall be purchased through preferred stock; the price will be determined based on individual tranche notices that the company submits to the Group. As such, the price will be determined by a five day volume weighted average price. "We are extremely pleased with the financing," said Kevin Brennan, the company's CEO. "This will allow us to pay off old debt and strengthen our balance sheet while providing the capital needed to close on the most recent acquisition we have discussed over the last several weeks. We now believe that we are well positioned in the Logistics space, and can move our business plan forward which will offer our shareholders the growth we have been positioning for over the last year," said Brennan.
Give it time they will tell us VERY SOON :)
What guidance has OPTZ given shareholders for the pending quarterly report? Do you expect them to be cash flow positive?
The company has not given guidance for pending quarterly report. Are there penny companies that do this? LOL....please answer :) This isnt a fortune 100 or fortune 500 company!
I do have hope that they will be cash flow positive. Like i said before they were able to reduce their overhead 25% in the last quarter and if everything remained constant and they were able to reduce overhead another 20% THEY WILL BE CASH FLOW POSITIVE!!!! TAKE THAT TOO THE BANK!!!
Now i ask you...If they have been able to reduce overhead 25% in the last quarterly, can they do 20%????? GULP GULP GULP....go head answer LOL
YOU CAN TAKE THAT TO THE BANK...Do your own DD :)
AIMHO
First and foremost i have not lost one penny in OPTZ. Not one red cent EVER.... I havent sold :) THIS IS AN INVESTMENT...
Oh dear conix save they Cape for another day. Your not going to save anyone. I dont go out and seek to push an agenda i am here to discuss the company. I dont spend hours on here to persuade anybody. As you can see my posting is sporadic and because its fun to come and discuss what is going on with the company.
OPTZ is for real because they are a revenue generating company. They have a quality product/service that is in demand and should only get better now that the economy is coming back.
You can say what you want about the company...we all know why you are here. If you didnt believe in the company you would simply move on :)
AIMHO
Help me understand...For a company in the growth stage where are they suppose to get money? Business 101 says financing. How else should they do it? I have a hard time understanding your logic because it just down make sense to me that they would do this to their employees or themselves. If your reasoning behind it is they have NO choice but you say they have financing available then isnt the best solution to buy back with this SO CALLED FINANCING? Yes or no? An RS destroys investor confidence and as far as im concerned it is the last option in the business plan if ALL ELSE FAILS...As far as im concerned all else hasnt failed just yet :)
It doesnt matter when i buy, im not the topic of discussion. The topic of discussion is OPTZ and as far as im concerned you are here, every poster that is here, and I am here for OPTZ to succeed. You know it, i know it, and so does everyone else :)
AIMHO
Okay heres my problem with this...If management/employees owns 50% of the company OS and are able to issue an extra 1B shares without holding a shareholder vote ....what makes you think they RS and destroy their stock that they own 50% of the OS or more? WHY WHY WHY? Explain...Help me understand your logic and hope LOL...
OPTZ is for real!
AIMHO
First and foremost QMIN is not OPTZ and OPTZ is not QMIN...Thank you! We have a legit management in place and their efforts will soon come to fruition. OPTZ is in the growth stage and its only a matter of time before we start reporting profitable quarters and yearly year over year growth. No company is the same...even that shell company everyone talks about is far different from this company. They brag about the Shell company because they only hope that OPTZ's product/service becomes their own. LOL they wish...OPTZ is for real!
AIMHO...
Dont worry you wont see one...some people are just opportunists. They spend a lot of time here because they know OPTZ is real and the revenue and business operations are real. You cant argue against Fact and $$$...Its that simple...All of the coulda, woulda, shoulda...that some people posts are exactly that 100% hope...I prefer fact :)
AIMHO
Oh its possible :) I never thought of it the way it broke down. WOW! Man its so close i can taste it!
AIMHO
Fixing my math:
I made a mistake i rushed the math. We need overhead to be at least below at or below 35 percent of revenue to recognize a profit with cost of transportation remaining constant. It doesnt matter what the revenue is. It could be $2M or $3 million or even $1M but somehow management is going to have to reduce overhead an additional 20 percent of revenue from 55% (PER LAST QUARTER) to 35% to recognize a profit if cost of transportation remained constant at %75 of revenue. They were able to do it by 25% last quarter (PEROID ENDING JUNE 2010 OVERHEAD WAS 80% OF REVENUE), lets hope they can do it another 20%.
EXAMPLE:
Revenue: $2M
Cost of Transportation: $1,500,000 (75% of revenue)
Overhead: $700,000 (35% of revenue)
=======================
= -200,000 for operations
+ 240,000 (Tax expense benefit 12% of revenue)
POSITIVE QUARTER OF 40K
AIMHO...
Just a quick analysis before the 10K:
Currently per the last filing the cost of transportation runs about 75% of revenue. If the company were to report revenue of $3M for the quarter and it cost them $2,225,000 for transportation then that leaves $775,000 for overhead. Based on the previous quarters quarterly overhead ran about 55% of revenue down from previous quarter to that quarter it being 80%. They were able to reduce overhead overrall by almost 25% in just 3 months (Like management stated in their June 2010 interview). Assuming lets say they were able to reduce overhead by about another 15 percent that leaves overhead in the range of $1.2 with them being in the negative by $400K for operations. Income tax expense benefit runs about 12% (+360,000) with a net loss of $40K for the quarter. IMO...anything above $3M and were positive for the quarter.
AIMHO...I did this very fast and my math may be off somewhat but its very close.
Based on my DD the average commission in the logistics industry is between 5% to 11% and sometimes higher. So there are instances where commission is and can be above 10%.
Anyone have any thoughts on what the revenue will be for the quarter?
Just around to see what valuable DD you guys are spewing in hope that i can take something back to the OPTZ board :) All of this hope DD is very valuable for potential investors on which way to go...invest in hope the WLSV way or invest with real revenue in OPTZ :)
We all could walk away happy with what OPTZ will do on the 10K....Cheers :)
Good luck and have a great day!
AIMHO
Lets hope WLSV files also so shareholders know their financial position and what their revenue is for the year or even quarter :) whats the chance of that? LOL
haha...To me the subsidiary is where its at, it has real revenue and real potential. WLSV is definitely a potential worthy dormant stock but im going with what is real and worthy of attention. Lets hope we all win at the end. Dont forget you can hedge your bet by investing in OPTZ the subsidiary of WLSV :)
AIMHO
I agree with you cant wait for that either :) GO OPTZ!!! :) woo hoo...a real company with a real product/service
Im not... I'm in it to win it, all i know is someone has been accumulating a large amount of shares but for what? :) Im waiting to find out...
Nothing is happening with that dormant shell company. The litigation is over now they can sell it to buy back shares :) I'm sorry but the real operations is with OPTZ and we all know it.
AIMO