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SOMX 5 million shares short.
They had a secondary offering at $8.25, which gave them over $50 million. Now they signed a co-promotion agreement with Proctor & Gamble. I think this one will see the 6s easily today.
SOMX 19 million shares traded!
SOMX co-promotion agreement Proctor & Gamble
Somaxon Pharmaceuticals Announces Silenor(R) Co-Promotion Agreement with Procter & GambleFont size: A | A | A7:00 AM ET 8/25/10 | BusinessWire
--Procter & Gamble to Provide Pharmacy Calls and Supplemental Managed Care Support
--Silenor OTC Negotiation Rights Included
--Conference Call Scheduled for Today at 9:00 a.m. Eastern
Somaxon Pharmaceuticals, Inc. (Nasdaq:SOMX) today announced that Somaxon and Procter & Gamble (NYSE:PG) have entered into a co-promotion agreement for Silenor(R) (doxepin), a newly-approved treatment for insomnia characterized by difficulty with sleep maintenance.
Under the terms of the agreement, Somaxon and Procter & Gamble will co-promote Silenor with a combined 215 sales representatives in the U.S. market. Procter & Gamble's professional health care sales force will promote Silenor to targeted primary care and other high-prescribing physicians. Somaxon's focus will be on specialists and other top-decile physicians who treat insomnia. In addition, Procter & Gamble will promote Silenor to targeted pharmacies and will provide supplemental managed care support services for Silenor. Somaxon has also granted Procter & Gamble a right of first negotiation relating to rights to develop and market Silenor as an over-the-counter medication in the U.S.
"We are extremely excited to add Procter & Gamble's highly regarded and tenured professional sales force to our commercialization effort for Silenor," said Richard W. Pascoe, Somaxon's President and Chief Executive Officer. "With the combined effort of both sales forces, we will target 35,000 of the highest prescribers of insomnia products as well as 25,000 pharmacies, which we believe will allow us to be highly competitive in the insomnia market. In addition, we are excited about the potential to partner with Procter & Gamble for the OTC rights to Silenor as a future life cycle management opportunity."
"We are thrilled to partner with Somaxon to co-promote Silenor," said Thomas M. Finn, President, Global Health Care at Procter & Gamble. "This opportunity is an excellent fit with P&G Health Care's current and future business interests, and we are confident P&G's professional sales force will help Silenor deliver both for patients and in the marketplace."
Somaxon will record all sales of Silenor and will pay Procter & Gamble a combination of fixed fees and a royalty based on U.S. net sales. Each party will be responsible for the costs of maintaining and operating its own sales force, and Somaxon is responsible for all other costs pertaining to the commercialization of Silenor. The term of the agreement runs through December 31, 2012, renewable thereafter, and Somaxon will pay Procter & Gamble a reduced royalty based on U.S. net sales of Silenor for one year after the expiration of the agreement or its earlier termination under certain circumstances. Governance of the collaboration will occur through a joint commercialization committee.
Conference Call Information and Forward-Looking Statements
On Wednesday, August 25, 2010, Somaxon will conduct a conference call with interested parties beginning at 9:00 a.m. ET (6:00 a.m. PT) to discuss the contents of this press release. The conference call will be available to interested parties through a live audio Internet broadcast at http://investors.somaxon.com/eventdetail.cfm. The call will also be archived and accessible for approximately two weeks. Alternatively, callers may participate in the conference call by dialing (480) 629-9822. A telephonic replay will be available for approximately one week following the conclusion of the call by dialing (303) 590-3030, and entering passcode 4356913.
Discussion during the conference call may include forward-looking statements regarding such topics as, but not limited to, commercialization plans for Silenor(R), Somaxon's financial status and performance and any comments Somaxon may make about its future plans or prospects in response to questions from participants on the conference call.
About Silenor(R)
Silenor is a low-dose (3 mg, 6 mg) oral tablet formulation of doxepin that is patent protected for use in insomnia. The Silenor NDA was approved in March 2010 for the treatment of insomnia characterized by difficulties with sleep maintenance. The NDA included all of the data from the company's development program, including data from Somaxon's clinical trial program that evaluated 1,017 subjects exposed to Silenor from 12 studies.
Roth price target of $4 for SIHI
SIHI (2.27) May earn 60 cents EPS for year
They are expecting huge revenue growth & bottom line growth in the second half of the year. For the first six months of the year, they had revenues of $82.5 million. For the whole year, they are expecting $180 million. EPS for the first half was .23.
SinoHub, Inc. Reports Second Quarter 2010 Financial ResultsFont size: A | A | A8:00 AM ET 8/12/10 | PR Newswire
SinoHub, Inc. (NYSE Amex: SIHI), a rapidly growing electronics company in the People's Republic of China currently engaged in electronic component sales, private label mobile phone manufacturing and sales, and electronic component supply chain management (SCM) services, today reported financial results for the three-month period ended June 30, 2010 and reaffirmed full-year revenue guidance for 2010.
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Summary Financials
Second Quarter 2010 Results (USD) (unaudited)
(three months ended June 30,) Q2 2010 Q2 2009 CHANGE
Sales $43.9 million $31.4 million +39.9%
Gross Profit $7.6 million $5.7 million +32.9%
Net Income $2.9 million $3.2 million -9.4%
Fully diluted EPS $0.10 $0.13 -23.1%
Summary Financials Second Quarter 2010 Results (USD) (unaudited) (three months ended June 30,) Q2 2010 Q2 2009 CHANGE Sales $43.9 million $31.4 million +39.9% Gross Profit $7.6 million $5.7 million +32.9% Net Income $2.9 million $3.2 million -9.4% Fully diluted EPS $0.10 $0.13 -23.1%
Second Quarter 2010 Results
Sales - Total revenues for second quarter 2010 grew 39.9% to $43.9 million from $31.4 million for the second quarter of 2009. Revenues from electronic component sales (ECP), including procurement-fulfillment and spot component sales, declined 1% to $28.8 million from the second quarter of 2009 as several customers pulled forward purchases in the first quarter of 2010, when revenues advanced 88%. The Company's supply chain management services (SCM) business generated $1.8 million in the three months ended June 30, 2010 compared to $2.3 million in the same period in 2009. Revenues from the Company's virtual contract manufacturing (VCM) business, which was launched in late 2009, totaled $13.3 million, up 107% from the first quarter.
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Second Quarter 2010 Revenue Breakdown By Business Unit
(USD in thousands)(unaudited)
(three months ended June 30,) 2010 2009 CHANGE
Electronic Components $28.8 million $29.1 million -1.0%
% of Sales 65.6% 92.7%
Virtual Contract Manufacturing $13.3 million -- --
% of Sales 30.3%
Supply Chain Management Services $1.8 million $2.3 million -21.7%
% of Sales 4.1% 7.3%
Total Sales $43.9 million $31.4 million +39.9%
Second Quarter 2010 Revenue Breakdown By Business Unit (USD in thousands)(unaudited) (three months ended June 30,) 2010 2009 CHANGE Electronic Components $28.8 million $29.1 million -1.0% % of Sales 65.6% 92.7% Virtual Contract Manufacturing $13.3 million -- -- % of Sales 30.3% Supply Chain Management Services $1.8 million $2.3 million -21.7% % of Sales 4.1% 7.3% Total Sales $43.9 million $31.4 million +39.9%
Cost of Sales - Cost of goods sold totaled $36.3 million in the second quarter of 2010, up 41.5% from $25.7 million in the second quarter of 2009.
Gross Profit and Gross Margin - Gross profit for the second quarter of 2010 totaled $7.6 million, an increase of 32.9% over $5.7 million in the second quarter of 2009. For the second quarter of 2010, gross profit margin decreased 90 basis points to 17.3% from the second quarter of 2009, which was primarily due to the lower contribution from its high-margin supply chain business. Compared to the first quarter of 2010, gross margin decreased by 110 basis points from 18.4%. Gross margin in the quarter for the ECP, SCM and VCM businesses were 12.2%, 98.4%, and 17.2%, respectively. As the higher margin VCM business grows as a percentage of total revenues, the Company expects overall gross margins to improve in the second half of 2010 from second quarter levels. The gross margin in the VCM business was adversely affected in Q2 2010 by the PCBA production business, which the Company outsourced to build demand for its new surface mount machines that were installed in July. The Company is currently ramping up production of these machines as an important growth component for its VCM business. With the exception of the lower margins associated with PCBA production for third parties, gross margins in the mobile phone sales business stayed relatively constant in Q2 with the 20.4% that was recorded in Q1.
Operating Expenses - Total operating expenses were $3.2 million, or 7.4% of revenues in the second quarter of 2010, compared to $1.6 million, or 5.0% of revenues in the same period in 2009. Selling, general and administrative expenses increased to $2.2 million in the second quarter of 2010 from $1.1 million in the second quarter of 2009, as the Company spent on capacity expansion at its new factory to prepare for the ramp in its VCM business. Income from operations was $4.4 million in the second quarter of 2010, a 5.3% increase from $4.1 million in the second quarter of 2009, and represented operating margins of 9.9% and 13.2% for each respective period.
Net Income - Net income for the second quarter of 2010 fell 9.4% to $2.9 million, or $0.10 per fully diluted share, compared to $3.2 million, or $0.13 per fully diluted share, in the second quarter of 2009, based on 28.8 million and 25.2 million weighted average, diluted shares outstanding, respectively.
View data
Summary Financials
First Six Months 2010 Results (USD) (unaudited)
(six months ended June 30,) 1H 2010 1H 2009 CHANGE
Sales $82.5 million $49.5 million +66.8%
Gross Profit $14.7 million $9.5 million +54.7%
Net Income $6.4 million $5.2 million +23.1%
Fully diluted EPS $0.23 $0.21 +9.5%
Summary Financials First Six Months 2010 Results (USD) (unaudited) (six months ended June 30,) 1H 2010 1H 2009 CHANGE Sales $82.5 million $49.5 million +66.8% Gross Profit $14.7 million $9.5 million +54.7% Net Income $6.4 million $5.2 million +23.1% Fully diluted EPS $0.23 $0.21 +9.5%
First Half 2010 Results
Sales - Total revenues for six months of 2010 advanced 66.8% to $82.5 million from $49.5 million for the first half of 2009. ECP revenues increased 30.9% to $59.4 million for first half 2010 from the same year ago period as sales increased from new and existing customers. The Company's SCM business generated $3.3 million for the six months of 2010, compared to $4.0 million in the same period in 2009. Revenues from the Company's new virtual contract manufacturing business which commenced this year totaled $19.7 million.
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First half 2010 Revenue Breakdown By Business Unit
(USD in thousands)(unaudited)
(six months ended June 30,) 2010 2009 CHANGE
Electronic Components $59.4 million $45.4 million +30.9%
% of Sales 72.0% 91.7%
Virtual Contract Manufacturing $19.7 million -- --
% of Sales 23.9%
Supply Chain Management Services $3.3 million $4.0 million -17.0%
% of Sales 4.1% 8.3%
Total Sales $82.5 million $49.5 million +66.8%
First half 2010 Revenue Breakdown By Business Unit (USD in thousands)(unaudited) (six months ended June 30,) 2010 2009 CHANGE Electronic Components $59.4 million $45.4 million +30.9% % of Sales 72.0% 91.7% Virtual Contract Manufacturing $19.7 million -- -- % of Sales 23.9% Supply Chain Management Services $3.3 million $4.0 million -17.0% % of Sales 4.1% 8.3% Total Sales $82.5 million $49.5 million +66.8%
"We are pleased to report a solid first half of the year, as sales from our new virtual contract manufacturing (VCM) business exceeded our expectations. We produced about 250,000 handsets in the second quarter, up from roughly 200,000 during the first quarter, while our sales pipeline continues to improve. As we bring on additional capacity to support our fast growing VCM business, we expect this segment to contribute meaningfully to top and bottom line growth during the second half of the year. Revenues from our ECP business unit were up 31% year to date and we expect measured growth for the balance of the year as we expand our customer base and overall volumes," said Harry Cochran, Chief Executive Officer of SinoHub. "While margins were impacted by the product mix during the quarter, we expect our relationships with large design houses to boost overall volume and growth rates within our ECP business."
Cost of Sales - Cost of goods sold totaled $67.8 million in the first half of 2010, up 69.9% in dollar terms from $39.9 million in the first half of 2009.
Gross Profit and Gross Margin - Gross profit for the first half of 2010 totaled $14.7 million, an increase of 54.7% over $9.5 million in the first half of 2009. Gross profit margin for the first half of 2010 was 17.8% compared to 19.3% in the same period last year. The year-over-year decline was primarily due to lower contribution from its higher-margin SCM business and somewhat lower margins in its ECP business due to seasonal factors. In the first six months of operation, the VCM business generated margins of 18.3%.
Operating Expenses - Total operating expenses were $5.8 million, or 7.0% of revenues, in the first half of 2010 compared to $2.8 million, or 5.7% of revenues, in the same period in 2009. Selling, general and administrative expenses increased to $4.1 million in the first half of 2010 from $2.0 million in the first half of 2009 to support the rapid growth in its VCM business. Income from operations was $8.9 million in the first half of 2010, an increase of 32.9% from $6.7 million in the first half of 2009. Operating margins were 10.8% compared to 13.5%.
Net Income - Net income for the first half of 2010 increased 23.1% to $6.4 million, or $0.23 per fully diluted share, compared to $5.2 million, or $0.21 per fully diluted share, in the first half of 2009, based on 28.3 million and 25.2 million weighted average, diluted shares outstanding, respectively.
Liquidity and Capital Resources
SinoHub's cash and cash equivalents grew to $9.5 million at June 30, 2010 from $8.3 million at December 31, 2009. The Company had working capital of $48.5 million on June 30, 2010, up from $39.4 million at the end of 2009, and a current ratio of 2.9 to 1 at June 30, 2010 compared to a current ratio of 3.2 to 1 at December 31, 2009. Inventories were approximately $8.2 million and accounts receivable were $40.9 million on June 30, 2010, compared to approximately $11.6 million and $28.8 million on December 31, 2009, respectively. DSOs were 85 days for the second quarter of 2010 compared to 83 days in the same year ago period. During the first six months of 2010, the Company used $2.0 million in cash in operations versus $1.9 million used in operations in the same period in 2009.
Full-year 2010 Revenue Guidance
For full fiscal year 2010, SinoHub reaffirmed revenue guidance of $180 million, representing anticipated year-over-year growth of 40% over 2009. Guidance includes approximately $50 million in anticipated sales from its virtual contract manufacturing (VCM) business.
Business Review and Outlook
In April 2010, SinoHub commenced operations at its new 77,500 sq. ft. mobile phone manufacturing facility located in the Bao'an district of Shenzhen, China, marking a significant milestone in the development of the Company's VCM business unit. By operating its own manufacturing facility, the Company believes it can leverage its SCM platform to ensure the quality and on-time delivery of initial and rush phone orders, resulting in incremental revenue and earnings growth with higher associated gross and operating margins.
The Company recently expanded its production facility to 6 assembly lines, with production capacity of about 200,000 handsets per month, to accommodate anticipated growth. In addition, the Company installed 3 high speed and 1 medium speed surface mount lines during the second quarter with production capacity of approximately 200,000 mobile phone mother boards per month.
During its first six months of operations, the VCM business generated $19.7 million of revenues, with gross margins of 18.3% higher than the Company's 17.6% consolidated rate. The second quarter included some outsourced printed circuit board assembly production work which was lower margin but built demand for utilization of the new SMT lines in Q3. Management expects margins to improve as it makes improvements in operating efficiencies and product mix, while shifting away from outsourced work over time so this production capacity can be dedicated to the Company's own mobile phone customers. Having produced and sold roughly 450,000 phones in the first six months of this year, the Company remains on track to meet its stated goal of selling at least one million phones for the full year 2010. "We remain extremely excited about the growth prospects for our VCM business," stated CEO Harry Cochran. "With a higher replacement rate and private label phone manufacturers continuing to gain share in countries like Indonesia, Malaysia, Vietnam and India, we are well positioned to participate in robust growth of mobile phones in emerging markets."
SIHI Sinohub Started at Buy by Roth Capital
Broker coverage Started with Buy Rating. Stock looks severely undervalued, even for a Chinese company.
STVI losing lots of money
I used to own STVI, but sold all of it in the 25 cent range a while ago. It looks like they are losing lots of money. The last quarter showed they lost 803k. True-- this quarter they did show huge revenue growth, but in their PR they failed to mention what the net income/loss was for the quarter, and there is no SEC filing out yet. Very sneaky if you ask me.....
ACAD absolutely exploding on heavy volume.
ACAD (1.36) volume explosive on Phase III!
The trial study is short. Phase III results due out in October. My guess we see $2 by tomorrow
ACAD breaking out huge! Phase III due October!
Check out today's press release. This is a multi-day runner!
WOVT (1.50) Iron Ore Value is over $4.5 billion
WOVT (1.45/1.50) news out this morning!
WOVT CEO is huge!
Garrett K. Krause created a Canadian company that sold to the Chinese for $4 billion!
Garrett K. Krause
President, Chief Executive Officer, Chief Financial Officer and Director
WorldVest, Inc.
Los Angeles , CA
Sector: FINANCIAL / Investment Brokerage - National
Officer since January 2009
44 Years Old
For over 25 years, Garrett K. Krause has been a successful entrepreneur, dealmaker, venture banker and investor with active participation in over 50 global transactions in both private and public companies in domestic and international markets. A true entrepreneur, at the age of 18, Mr. Krause was on the cutting edge of the 1980?s software explosion as the inventor of a first generation PC based retail inventory point of sale system. In 1988, Mr. Krause sold his software technology to the world?s leading cash register manufacturer NCR, and has spent the ensuing 21 years providing smart capital and ?strategic entrepreneurial advisory? as an integral part of many global ventures. One of these ventures was as an early investor in small public Canadian oil and gas Company, which grew from the point of near bankruptcy, producing only 60 barrels of oil a day, to become one of the largest independent oil producers in Canada, eventually listing on the NYSE and ultimately selling to the Chinese government in 2005 for over $4 billion. It was through this transaction and the subsequent business relationships in China that had led to WorldVest securing its rare, independent, Chinese business license now operating as FutureVest Management (Shenyang) Co. Ltd.
WOVT breaking out on huge news!
WorldVest Hurricane Resources Acquires Chile Inversiones de Minerales, Ltda. 8:00 AM ET 7/6/10 | BusinessWire
WorldVest, Inc. (OTCBB: WOVT), dba WorldVest Hurricane Resources ("WorldVest Hurricane"), announced the signing of a Letter Of Intent ("LOI") for the acquisition of Chile Inversiones de Minerales, Ltda., a Chilean mineral investment and mining company ("CIM"). CIM consists of a highly experienced management team and holds mineral rights to a substantial "Tocopilla Beach Sands" Iron Ore reserve and several additional pending mineral concessions in Chile's Atacama Desert. CIM will serve as a wholly owned Chilean mining platform for WorldVest Hurricane.
CIM has been issued a municipal contract and the accompanying mineral exploitation rights to re-gentrify the contaminated "Tocopilla Beach Sands," which is the victim of rich natural iron ore deposits through decades of iron ore waste dumped at port by the country's metals exporters. This two kilometer by one half kilometer site is thought, based on preliminary geological estimates, to contain more than 50 million metric tons of high-grade iron ore. At the current FOB market price of $90 per metric ton, this project's recoverable Iron Ore value is greater than $4.5 billion. Due to the sandy soil composition of the iron sand deposit, WorldVest Hurricane predicts unusually low mining costs and anticipates 120 days to begin production and Iron Ore delivery from this reserve.
Additionally, CIM has numerous pending mineral exploration concessions in the Atacama Desert of Chile's third region, known as Chile's "iron belt." These concessions, which span an area of more than 8,000 acres, are known to contain three (3) different types of high-grade iron ore including iron sands, surface "granza" rocks and bedrock "vein" formations. Based on preliminary geological surveys, these concessions are projected to contain tens of millions of tons of recoverable iron ore from the surface sands alone, with tens of millions more in the granza and bedrock veins. WorldVest Hurricane looks to proceed immediately with a full study on these concessions and will subsequently file 43-101 geological reports on its acquired reserve properties.
The viability of the Tocopilla Beach Sands reserve is greatly enhanced by its proximity to a rare public minerals port in the region. CIM has entered final negotiations with the Port Authority for a Port Usage Agreement to begin loading and delivering up to five (5), 30,000 metric ton "Handysize" vessels per month, followed by a planned port expansion increasing current capacity to five (5) "Cape" size 150,000 metric ton vessels per month. In addition, WorldVest Hurricane has already secured shipping rights through the Port of Caldera, which is 25 miles from its pending desert sands concessions and will initially allow five (5) 50,000 metric ton "Handymax" vessels per month ahead of its planned port expansion allowing for 150,000 ton "Cape" size ships in 2011.
CIM boasts a management team of highly experienced mining and minerals professionals who lead its day-to-day Chilean operations. This team possesses average industry experience of greater than 15 years per individual in the areas of geology, mining operations, minerals processing, logistics and commodities sales, specifically within Chile. Additionally, CIM's senior executives have extensive experience in working through the potentially onerous governmental processes required to obtain mineral exploration, exploitation and environmental permits required within Chile. This ability will prove to be a great resource to WorldVest Hurricane in its future projects within the country.
"The country of Chile has not received the attention it deserves as a rich source of high-grade, easily exploited iron ore deposits," said WorldVest Hurricane Chairman and Chief Executive Officer, Garrett K. Krause. "With the acquisition of CIM, WorldVest Hurricane will secure a tremendous Iron Ore reserve along with multiple pending concessions and a team of individuals capable of maximizing its operations in Chile. We plan to enter production on the Tocopilla Beach Sands reserve inside of 120 days and anticipate shipping a minimum of 300,000 metric tons against our Chinese contracts before the year's end, for projected revenues of $39,000,000, ahead of substantial anticipated growth in our Iron Ore production and delivery throughout 2011 and beyond."
About WorldVest, Inc.
WorldVest, Inc. (OTC: WOVT), dba WorldVest Hurricane Resources, is an acquisition, development and trading company making strategic worldwide commodities investments with an emphasis on Iron Ore reserve assets in Latin America. For more information please refer to www.WorldVestHurricane.com.
Forward-Looking Statements:
Certain statements in this release and other written or oral statements made by or on behalf of the Company are "forward-looking statements" within the meaning of the federal securities laws. Statements regarding future events and developments and our future performance, as well as management's expectations, beliefs, plans, estimates or projections relating to the future are forward-looking statements within the meaning of these laws. The forward-looking statements are subject to a number of risks and uncertainties including market acceptance of the Company's services and projects and the Company's continued access to capital and other risks and uncertainties outlined in its filings with the Securities and Exchange Commission, which are incorporated herein by reference. The actual results the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. These statements are based on our current expectations and speak only as of the date of such statements.
SOURCE: WorldVest, Inc.
Investor Relations / Media:
WorldVest, Inc.
Michael Carney
Tel. 310-277-1513
Fax. 310-919-3116
Investor@WVHurricane.com
MGOF (.20) New Management tiny float/OS
OS is only 5 million shares.
MangoSoft Expands Management Team 10:00 AM ET 6/17/10 | Marketwire
MangoSoft, Inc. (OTCBB: MGOF) announced today that Sean M. Gavin has joined the Company as its Chief Financial Officer.
Mr. Gavin is a seasoned executive with a strong background in finance, investments, internal audit, analytics and strategic planning. Past assignments include Brevet Capital, Bear Stearns, SAC Capital and Liberty Mutual Insurance Group. Mr. Gavin holds an MBA from the Stern School at NYU and a bachelor's degree in Finance and Operations/Strategic Management. He is a Chartered Financial Analyst.
With this appointment, Dennis M. Goett, the Company's Chairman and CEO, relinquishes his responsibilities as CFO. Mr. Goett commented, "Sean's addition to the management team expands our capabilities and brings additional critical skills to the Company. His experience in transactional finance, mergers and acquisitions, among other financial expertise will allow us to broaden our search for business opportunities as we set a new direction for MangoSoft. This appointment will also give us the opportunity to improve controls that are required of public companies by the SEC, an important gap in our operations."
Commenting on his new responsibilities, Mr. Gavin commented: "I am very happy to have the opportunity to be part of this management team at a time in our economy's recovery where we see new and exciting prospects for growth. Working with Dennis and the Board, I believe we will accomplish building MangoSoft into an emerging growth enterprise that will write a new and profitable chapter in the Company's history."
The Company can be reached at 108 Village Square, Suite 315, Somers, NY 10589. MangoSoft's main number is 914-669-5333.
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the company. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by MangoSoft, Inc. (MGOF.OB) may differ materially from these statements due to a number of factors. MangoSoft, Inc. assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions.
MangoSoft
914-315-9756
SOURCE: MangoSoft, Inc.
1 MM left at .006? Almost gone?
Is that right-- only 1 MM left at .006 before they let it go?
How many MMs at .009 now?
I will try to swallow a few million shares at .009...help the cause
Here comes volume boomage! .009s falling
bid and ask update please
seems like selling is drying up
bid and ask update please
seems like selling is drying up
bid and ask update please
seems like selling is drying up
bid and ask update please
seems like selling is drying up
bid and ask update please
Bid and Ask MM count please?
How many MMs on the bid and ask?
Another positive to note...
The largest shareholder created a Trust that holds shares in the company. It is safe to say that the intention is to hold the stock long-term. We do not need to worry about someone selling out big with a nice pop in the stock price. If news is positive, I am venturing we will see a sustained gain into the $1+ area.
The last PRs suggests buyout is forthcoming..
If you read through the last several PRs, you will see that they are planning a reverse merger/acquisition/buyout of another company. They have stated their intentions to look into other sectors that will turn them into a profitable enterprise. They have a nice balance sheet, with a nice chunk of cash and investments, and no debt. The book value alone is around 30 cents per share. With the announcement of a acquisition, we will easily see $1+. The float is tiny, with most shares held by insiders. I don't think they will dilute current shareholders. They have enough cash on hand to make an acquisition with cash instead of issuing shares of stock. I am guessing we will hear something soon.....
MGOF will soar if they buyout someone
The share count and float on the stock are tiny. If we see them buyout someone, I could easily see this going $1+.
FNSC (1.13)the next CSNT! Regional with tiny OS
FNSC (1.06) will see $2 tomorrow! Tiny float
You're welcome! I am in at average .98
FNSC about to break $1!!!! tiny float!!
FNSC bank (.91) tiny OS, tiny float
Check it out. I think this will pull a csnt!
FNSC (.91) next regional bank to soar!
Share count is only 8 million shares. Once it breaks $1, explosion will occur! Keep it on your watch list!
AHAG volume coming on... 300k+ volume
Wow AHAG moving only 7 mil shares outstanding
Who is buying in? Thing this reverse merger with TalkTrash is going to happen?? Only 7 million shares outstanding.
Price tightening .012 by .013
AYSI 3 dollars held; people scared today
It looks like some scared folks sold out of AYSI today. All this talk about the internal investigation seems to have spooked some people out of the stock. Kind of sad really when you consider the amount of shares that were traded between that period of time. It certainly does not amount to a HUGE amount of money.
Nevertheless, truth be told, it will be several months before this investigation comes to a conclusion. As soon as news comes out, all of this hoopla will be forgotten. They pre-announced their last quarterly results. Perhaps they will do the same for Q1. If so, we should be looking for a press release within 2-3 weeks. I'll bet Q1 is stronger than Q4. Stock should still see $4+ within a month.
Someone should ask Gene if the independent director was brought on board in order to uplist. In any case, it is nice to have the 3 of them on the board now.
tunaman AKRK (.39) earns .04 EPS for Q4!!
Looks like AKRK earned .095 EPS for the fiscal year! This puts them on a PE of 4.
Sales for the fourth quarter appear to be around $7.3 million, and their EPS in the quarter was a whopping 4 cents!! The 10-k is not out yet, but when it is released...I bet this one tests 70 cents again!
This was attached to the NT-10-k the company filed yesterday:
The Company’s revenues for the year ended December 31, 2009 were $24,393,625 compared to $21,378,041 for the year ended December 31, 2008. The Company’s net income for the year ended December 31, 2009 was $3,373,052 compared to net income of $2,732,154 for the year ended December 31, 2008. The Company improved its revenues and net income in 2009 despite the having revenues of $902,504 and a net loss of ($5,831) in the three months ended March 31, 2009 compared to revenues of $2,516,345 and net income of $390,182 in the three months ended March 31, 2008.
10bagger AKRK 4 cent earnings out!
Found a better one than CYXN. Check out AKRK. Looks like AKRK earned .095 EPS for the fiscal year! This puts them on a PE of 4. Sales for the fourth quarter appear to be around $7.3 million, and their EPS in the quarter was a whopping 4 cents!! The 10-k is not out yet, but when it is released...I bet this one tests 70 cents again!
This was attached to the NT-10-k the company filed yesterday:
The Company’s revenues for the year ended December 31, 2009 were $24,393,625 compared to $21,378,041 for the year ended December 31, 2008. The Company’s net income for the year ended December 31, 2009 was $3,373,052 compared to net income of $2,732,154 for the year ended December 31, 2008. The Company improved its revenues and net income in 2009 despite the having revenues of $902,504 and a net loss of ($5,831) in the three months ended March 31, 2009 compared to revenues of $2,516,345 and net income of $390,182 in the three months ended March 31, 2008.
AKRK (.39) earns .04 EPS for Q4!!
Looks like AKRK earned .095 EPS for the fiscal year! This puts them on a PE of 4.
Sales for the fourth quarter appear to be around $7.3 million, and their EPS in the quarter was a whopping 4 cents!! The 10-k is not out yet, but when it is released...I bet this one tests 70 cents again!
This was attached to the NT-10-k the company filed yesterday:
The Company’s revenues for the year ended December 31, 2009 were $24,393,625 compared to $21,378,041 for the year ended December 31, 2008. The Company’s net income for the year ended December 31, 2009 was $3,373,052 compared to net income of $2,732,154 for the year ended December 31, 2008. The Company improved its revenues and net income in 2009 despite the having revenues of $902,504 and a net loss of ($5,831) in the three months ended March 31, 2009 compared to revenues of $2,516,345 and net income of $390,182 in the three months ended March 31, 2008.
KIK cute poem
I bought 10k after seeing the 10k!
I gobbled up 15k
Is this a starting position for you? I have 30k shares now.