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onewho, Oh, ok. So the other guy gave the same generic answer that we've all been given for numerous years now. I think back in 2008 we were at "critical mass". If critical mass means declining sales, then I guess that was true. lol
onewho, I'm not sure about him. I was referencing Funk. Funk was only with the company a short time unless he's back for a 2nd go.
It couldn't hurt to send either or both of them a message if you care to, IMO. You never know what they'd say, good or bad. Although, if it was bad I assume they'd just ignore the question as most people are non-confrontational. If it was good, most people are comfortable saying good things because it's easier.
onewhodoes, LinkedIn is wrong, fyi, as of a long time ago. Unless he's back for a 2nd tour.
Hmm, left the company? Interesting piece of the puzzle that he left the company. What happened to Mr Funk? Did he leave too - he disappeared after a short time.
We can agree to disagree about Fairbanks. Politicians LOVE to tout that they're "responsible" via green measures or any other thing they can use to their advantage (to get votes). You better believe saving 20% on energy costs via a fairly cheap painted on clear insulation would have been "used" by the Mayor, city council, or maybe even the AK governor. I think you're WAY underestimating the power of ego that politicians have if they see a chance. The money WILL be there IF they think it'll make them look good. That's just how it works. Or, Fed subsidy if the stuff is proven legit in an official manner.
Ida Ho, Sounds like you're looking for a flip. I agree, this stock has been good for a flip over the years if a person had great timing. But when to buy is the question, since the trend is multi-year down. Most pinksheets pop at some point, up and down, with the longterm trend being downward.
You've been talking to the company or to IR? Further testing wouldn't help?? That's not true at all. How about testing by a well recognized USA organization or agency? How about that? How about doing what's needed to qualify for federal certifications or programs? Those things would go a long way towards landing sales.
The lack of testing by well known organizations hurts the cause very much. Why hasn't it been done? Can you imagine how easy the sales would come if a well known group had tested it, and documented such successes? Potential clients would immediately be interested, and then all it'd take from there is a trial/test onsite and the booming sales would follow.
onewho, I don't know, it sounds like you're teetering very close to the banks of DeNile river jk
A USA city engineer vouching for Nansulate via quantitative energy cost savings would have been HUGE. Municipalities find ways to spend on what they think they should spend on. Are you kidding me? If cities could get govt subsidy or good press by using a liquid insulation which was validated and was being hyped... they'd buy the stuff and spout-off about how responsible and green they are. Which, in turn, would lead many businesses and homeowners to follow suit.
The Fairbanks deal not being legit was a huge blow to the company and the perception of their credibility, either way. I'm not too sure about your reasoning and excuses given about how or why it fell through. You might want to just stick to the facts we have, instead. PR/announcement, Fairbanks city denouncing that PR, then INI finally rescinding that PR many weeks later and covering it up immediately with another PR an hour later. That's all we know. Wonder why the AK distributor hasn't had any more deals? Maybe they were buffalo'ing about the ones the announced in the first place?
Nobody says the INTK investment won't succeed eventually. Maybe it will. But, we should try to maintain our logic and common sense too. An animal that walks and talks like a duck... is usually a duck. I mean, a pinksheet.
Fairbanks wasn't 'nothing'. It was the largest and most credible US customer to date. Right? That would have been huge, had it been legit. Imagine if the city of Fairbanks had data and would vouch for Nansulate saving them a lot of energy budget. Imagine that. Imagine that, instead of the city attorney saying that the PR was false. Big difference.
Do you know how many other cities would have jumped on board if Fairbanks director of engineering, et al, would have vouched for Nansulate and proved that it saved them major energy expenditures? A lot of other cities would have jumped on board. The US has a lot of buying power. It would have been a turning point and milestone of credibility for the company and product. Rather than an all time low in credibility.
Oh, China has a lot of buying power, too. What happened to the China partner who was supposed to be on board by early 2010? Did the company speak too soon again?
onewho, Can't we say many times over the years that stuff seems to be happening in <insert location>?
You mention a few distributors really pushing now. What happened to so many past distributors?
About management's product strategy, IMO it has lacked focus. At one point, they were spending time & money on repackaging existing products in order to try to capture a niche market and it has not worked has it? For that to be effective, they should have done all the testing & validation first. Not afterwards. Who cares if you have a product for an industry if they're going to scoff at you due to lack of enough credible validation, etc? If you're going to go in half-kilter, then just stick with the existing products first and focus on that until you achieve more credibility.
The shotgun, throw it at the wall, approach didn't prove to be very effective did it? IMO again, they should have properly tested, via credible well-known organizations, the existing products first. Focus on that, grow sales so that they get noticed and get some industrial attention. Then expand. Not the other way around. Or, if they're going to create "new" products (solar, greenhouse, etc) then first make inroads to that industry prior to spending a lot of time & money. Instead of watering down their time, their focus, and their success rate. I'd say the results speak for themselves on that note.
That's great $SPX analysis, lowtrade. You pointed out a couple things that I missed - I was looking at it a little bit too one-sided. Thanks.
Yes, keep eye on BZTG for false promises. Only good for a pump and dump/trade/flip.
Some of you may like this:
Geoshield Qatar showed interest in one of the Nansulate Nanopioneer Facebook entries. Who the heck is Geoshield (Qatar)? Looks like a window film/treatment company. They seem to have operations in Saudi Arabia, Qatar, or wherever else. Why do they like Nansulate? Let the speculation and hope begin anew! lol
Google for Geoshield, or Geoshield Qatar. Not that this means much, but who knows. You might have fun chewing on the topic.
Here's a link to a mention of Geoshield in a publication:
http://www.windowfilmmag.com/index.php/archives/401
trade, I'm not sure. I think someone else on the board has been tracking the OS. Maybe onewhodoes knows.
Last I heard, I think it was AS of 500M? Not too sure.
trade, Agreed. It's been hitting .016 lately, so I doubt it'd take 1-3 years to go sub penny. Unless sales create cashflow traction soon, the dilution and death spiral really accelerate at these low prices. They better land deals and make some large Mexico or Turkey or UAE shipments soon.
It takes a lot of shares to provide $50K in funding at these prices. The PR pump cycles don't seem to help the stock at all anymore. That's the scary part.
Ida Ho, True stuff. Such is the nature of pinksheets, always just around the corner. One of these years, one of them will do something that truly sticks.
Ida Ho, Good points you make. But if we use that logic all along, then that logic fizzles a bit because there have been many many Q's with very large G&A and Consulting expenses. But, no mega deals over the years as a result of those high pre-cursor expenses.
That's not to say this time that couldn't be the reason for expenses being 5 or 6x revenues. The number of Q with low G&A and Consulting expenses aren't all that many in the grand scheme of things so far though.
That doesn't change the fact that 10% compounded monthly is quite a nice little setup. I'd rather look at facts than speculate.
Of course it'd be better to land big deals and make a boatload of cash on the tens of millions of original shares he owns. How much interest do you think has been paid the past 5 or 6 years already? And how much to be paid in the future? If it adds up to enough, then the original principle could be covered, no loss on the loan, even if the original loan principle is defaulted on by "the company".
onewho, What are you confused about? Taking 20M shares means more dilution, hence my wondering out loud how many shares hit the OS due to the note the company owes the CEO.
Nobody says it's heinous. As I said, if not the for loan then maybe the co would already be defunct. It may have been the only way they could fund it, along with equity (stock issuance) financing. This just shows that there is a way to gain from the company w/out dumping the other/previously owned shares the CEO has. Interest income. It is what it is. Maybe it was necessary, but it's also beneficial in repayment terms. That's how lending works - and it's income for the CEO, right?
Ift the co could be dead and gone in 5 years, then now is a good time to increase the interest terms, no? lol We can't pretend to know how that 6% versus 10% situation happened. But I'd be sure it wasn't a simple oversight or mistake - nobody with a knack for numbers or accounting would overlook a 4% difference and fail to account for the monthly compounding versus quarterly.
From 1Q filing: NOTE 3. NOTES PAYABLE – RELATED PARTY
http://www.otcmarkets.com/stock/INTK/financials
The Company’s CEO has provided financing for the Company using personal funds. The original note dated March 15, 2005 required interest at 10% per annum compounded monthly. However, the Company mistakenly accrued interest at 6% per year compounded quarterly. The CEO has willing revised the terms of the note to accrue interest at 6% compounded quarterly through June 30, 2010 retroactive to its initial date. Beginning July 1, 2010 the note will accrue interest at 10% compounded monthly.
I wonder how much stock is sold so that related party notes can be repaid? They really need to land some bigger sales soon for fundamental reasons. This kind of thing can snowball. 10% interest, compounded monthly, not a bad return huh?
To help understand compounding, use this site: http://www.webmath.com/compinterest.html
Enter in 800K principle, 10% interest rate, compounded 12 times per year (monthly).
If we use $800K as the amount owed, after year 1 that 800K is now 883K (or 83K in interest). At the end of year 2, it's 976K (or 176K in total interest over 2 years). Compounding monthly is an ugly equation unless the company does some big revenue to offset it. Enter in 5 years to see what happens then ($516K earned just on interest w/out paying down principal). Maybe this helps explain how the CEO could earn a living on this company even if selling stock isn't the method used and if revenues are down and the company is operating in the red? Maybe the co will land a big deal and pay the loan off before such a large amount of interest accrues or paid out.
What a mangle for the short positions today! Wowza.
Been short the ES since 1114 3 days ago. Still waiting for a correction, but the market just doesn't want to stay down. C'mon already, go down so we can get some upside room again! lol
The usual findings re: pinksheets (RIGH) today:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52810873
Vipyr, sorry, I'm not picking on you personally. I promise. Just posting this as another example, in case of newbie lurkers reading this board, about what pinksheets are almost ALWAYS about. It's good you made $$ and see it for what it is now, and sorry they disappointed you by reducing the OS then continuing to dilute.
RIGH doesn't sound like the exception anymore, as of today, it seems. There are very few exceptions in the pinks. Management usually makes $, and shareholders are just the means used to do so in most cases. Anything to make a buck.
Edit: I've been suckered or burned by false promises in the pinks, too, in cases where I didn't even make $ trading. Before I knew better. That's how and why many have come to appreciate lowtrade's wisdom and expertise, and why this board is full of people who "know better" now. Or, mostly, anyway. Good emotion-less trading methods on this board. It's great stuff :)
Beer, Did the economy have any steam in the first place, or was it just propped up by cranking up the dollar printing presses for stimulus money? That's similar to diluting the heck out of a stock just to keep it liquid. Not a beneficial tactic in the longrun; short term thinking.
And those who say corporate earnings are proof that recovery is happening, hmmm... creating good earnings by lowering estimates and laying off the biggest expense (workers) doesn't seem like recovery or improvement to me.
That sounds like a Yoda style of trading - but hey, gut feelings are often right! I almost took the bet, but I remembered how wacky the market was acting this week with gaps then reversal runs :)
Weird week: gap up then market drop. Now gap down then market rise. Skittish news-based and gov intervention type of market behavior lately!
Yes, we better eat and make our jasses hugh now while we can, because we may have to fast for a while if true valuation corrections start to happen. lol!
onewho, The shares are usually restricted, but I don't think the restricted period is a long one. So yes, give shares during a silent period prior, then maybe 3 months or so later the promotion begins after the shares are eligibile for sale and not restricted anymore.
Know what I mean?
I didn't know that - seems share issuance are coming easier nowadays. That might explain the increase in # of PRs lately, or the increased volume and new posters to the board looking for a nice profitable flip.
More stockguru paid promotion:
http://www.stockguru.com/about/intk/
See the post I replied to. Last time it was $12K and 100,000 shares. This time it's $9K and 1.1M shares.
Disclosure: Pentony Enterprises LLC was compensated nine thousand dollars and one million one hundred thousand 144 restricted common shares by the company for profile coverage.
Uh oh, I know shorting happens at times, but it's not a systemic issue in the pinksheets, and it's used more often as an excuse to divert attention away from the real issues (such as dilution or lack of business progress).
Again, I'm not so much referencing INTK as I am pinksheets in general. Dilution plus lack of healthy fundamentals and/or poor business planning/mgt is usually what drives a penny stock PPS down. Not shorting.
phrantic, LOL! That's probably true. Sad, but true!
Now you're helping to make my point. Pinks are crap. And the chart you're talking about is not fantastic - I said LONGTERM charts. That one has gone into the toilet. If it's bottomed and then given a nice profitable flip, good job and nice for you! But the stock is in the tank. I don't even have to analyze the chart or techs to see that.
The penny stock stories are almost always nonsense, as far as efficacy goes. Period. So, now we're saying the same thing, most are crap and there is an exception once in a while. Whether RIGH will really be one of the exceptions, time will tell. 'Promise' of profitability means nothing at this point. It'll be valid once they achieve it.
Yes, myself, and most others should stay away from the pinks. But the buzzards are more than willing to lie and cheat and steal to suck newbies in. Hence, my comments about pinks. Happy trading to you. You're now saying what lowtrade says... play the chart, NOT the story. lol Thanks, it's nice that we all agree now.
phrantic, Agreed, some BB companies are Ok and end up successful, but many (not 99% like the pinks, though, lol) are simply fully reporting dilution pigs and/or stock schemes. But at least there are some good ones in the bunch with the BB.
I know small business needs a chance and all, but unless they change the pinksheets to have more regulatory oversight... IMO pinks might as well be abolished altogether - it's a total cespool with little to no accountability by management.
phrantic, Thanks. The pinks prey on the unsuspecting as we already know, and that's that. This board is great, and teaches folks to play the odds instead of getting fleeced.
It's yet to be seen whether RIGH is an exception to the rule. It's newly trading, and the chart is horrible. Will they succeed? Who knows, maybe they are in the 1%. I can't say they won't succeed. Let's not make this personal, Ok? 99% of pinks are trash, regardless of whether they tout a real product or not. 1% probably are legit and are temporarily a pinksheet on their way to a legit market tier. The rest are hogwash, and fit the rule instead of being the exception to the rule. But when talking about pinks, it's best to flip at best (not "invest") since the 99% - 1% odds aren't in the favor of investing. That about sums it up. If a person misses out on ONE success story, while avoiding countless failures, that's fine.
I'm glad you feel you know better now. And that you make $ trading.
By the way, I said PINKSHEETS! AMCG and NLEF are NOT pinksheets, they are OTC.BB stocks. Big difference. Sure, a lot of OTCBB stocks are crap too, but at least they are fully reporting and are held to some standards of transparency and management oversight of some sort.
Maybe you don't know what a pinksheet is? Sorry you misread my post; I was not commenting on OTCBB stocks.
lol! I've tried some real products I liked in the pinks, too, but as far as a real and effective business being run... what are the OS of such companies, do they make any net income, and in real business terms (i.e. shareholders, profits, market penetration for the products) are they viable? Or just a wannabe executive who took the shortcut to easy public capital, no real transparency, nonstop glamorous PRs w/out the corresponding profits/contracts, etc, and a cyclical PR flurry and corresponding PPS spike and subsequent dump. The pinksheets is like legal gambling and invitation to fleece unknowing folks of their money if they're trying to "invest".
It's almost always the SAME in the pinks. 99% of them are NOTHING but trading/flipping devices. If you time it well, $ can be made on the stock. Otherwise, look at LONGTERM charts... most prove what they are over time. If you observe the pinks for long enough, you'll see that as well. Your vigor about how legit pinksheets are tells me you haven't been around them too long yet. The only pinks that are worth a hoot are the ones that've upgraded to one of the fully reporting elevated OTC/pink tiers - I think one of those tiers is OTCQX.
There's nothing to argue about. Look at the longterm chart of most ANY pinksheet (non-otcqx tier) and you'll see. If you factor out the reverse splits, the stock ALWAYS goes down down down over time. With spikes and PR cycles (pump and dump) mixed in with the overall longterm downtrend. Savvy traders or story-players can make bank. Investors can't.
They're letting reality stars ring the bell on the NYSE? Instead of a bell, it should be a pig-trough of mush anyway. haha!
I don't know, what is a snooki? I know what a snuggie is, but never heard of a snooki. lol
Same for me. I don't get how/why the market can be so short-sighted so as to rally on a piece of good (which isn't actually good) news when the big picture is so rotten. It's not like we're at Dow 7000 and any good news is cause for celebration. 10,500 seems way overblown to me, in light of the huge foreclosure issue, all time high unemployment, unprecedented debt levels, and bogus corp earnings created by simply cutting costs/workers and lowering expectations.
Edit: I do GET it, actually. lol WallSt is greedy beyond all comprehension, and will do anything to make share price look Ok even short-term, and the population is simply overall ignorant to many of the realities that get downplayed in the media/corporate america. :)
Regarding pinksheets... 99% of the stories are FALSE and are just hype/pump with a few usually meaningless verifiable facts mixed in. If you flip pinks successfully via the stories, then good for you for getting early and trading for profits on the BS. As for the stories playing out in real and/or successful business terms... nope, it rarely ever happens in the pinks. lol! I'm sure you know that already, just chipping in with reality just in case. Let's not mix up successful flipping with the stories actually being legit in real business terms.